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Trane Technologies plc (TT)

410.00 -21.10 (-4.89%)
At close: October 30 at 4:02:17 PM EDT
410.00 0.00 (0.00%)
After hours: October 30 at 4:58:22 PM EDT
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30m ago
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Trane Technologies delivered a strong third quarter, with 20% organic bookings growth, a $12.5 billion backlog, and earnings above estimates. Management raised full-year revenue guidance while retaining its earnings outlook, but supply-chain costs, inflation, regional weakness, and lower pricing are pressuring margins.

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  • Previous Close 431.10
  • Open 422.00
  • Bid 407.05 x 8000
  • Ask 411.50 x 4000
  • Day's Range 408.85 - 423.86
  • 52 Week Range 348.06 - 505.87
  • Volume 2,211,310
  • Avg. Volume 1,175,484
  • Market Cap (intraday) 89.747B
  • Beta (5Y Monthly) 1.16
  • PE Ratio (TTM) 28.49
  • EPS (TTM) 14.39
  • Earnings Date (est.) Jan 28, 2027
  • Forward Dividend & Yield 4.20 (1.02%)
  • 1y Target Est 519.30
  • Morningstar Rating Rating available with Stock Picks access

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

www.tranetechnologies.com

44,000

Full Time Employees

December 31

Fiscal Year Ends

Industrials

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

TT
6.09%
S&P 500 (^GSPC)
10.73%

1-Year Return

TT
7.50%
S&P 500 (^GSPC)
11.11%

3-Year Return

TT
124.12%
S&P 500 (^GSPC)
81.91%

5-Year Return

TT
140.76%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 6.76B
Earnings 1.05B
Profit Margin 15.51%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
2B
4B
6B
12.0%
13.0%
14.0%
15.0%

Analyst Insights

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Analyst Price Targets

414.00
519.30 Average
410.00 Current
575.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/30/2026
Analyst RBC Capital
Rating Action Maintains
Rating Sector Perform
Price Action Lowers
Price Target 502 -> 486

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    13.56%

  • Return on Assets (ttm)

    11.42%

  • Return on Equity (ttm)

    36.94%

  • Revenue (ttm)

    23.23B

  • Net Income Avi to Common (ttm)

    3.2B

  • Diluted EPS (ttm)

    14.39

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.23B

  • Total Debt/Equity (mrq)

    46.18%

  • Levered Free Cash Flow (ttm)

    3.46B

Company Insights

Research Reports

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