Trane Technologies (TT) Stock Price, News & Analysis

Company Overview

Trane Technologies (NYSE: TT) is a global climate innovator specializing in heating, ventilation and air conditioning (HVAC) systems and transport refrigeration solutions. The company develops, manufactures and markets a broad range of products and services aimed at improving energy efficiency and reducing environmental impact in residential, commercial and industrial applications. Its portfolio includes innovative HVAC equipment, building automation systems, aftermarket services and rental solutions under well-known brands such as Trane and Thermo King.

Trane Technologies’ HVAC offerings encompass air conditioners, heat pumps, furnaces, air handlers and chiller systems designed for offices, data centers, hospitals and schools. The company also provides controls and software platforms that optimize system performance and enable real-time monitoring of energy consumption. In the transport refrigeration segment, Thermo King units are used in trucks, trailers, rail cars and shipping containers to maintain temperature-controlled environments for food, pharmaceuticals and other perishable goods.

Formed in April 2020 through the separation of the climate business from Ingersoll Rand, Trane Technologies is led by Chairman and Chief Executive Officer Mike Lamach. The spin-off allowed the company to concentrate exclusively on sustainable climate solutions, building on a heritage that dates back to Trane’s founding in 1913. Since its debut as an independent public company, Trane Technologies has pursued a strategy centered on electrification, decarbonization and digitalization to address global climate challenges.

Headquartered in Swords, Ireland, with its operational headquarters in Davidson, North Carolina, Trane Technologies serves customers in more than 100 countries across North America, Europe, Asia-Pacific, Latin America and the Middle East. The company maintains manufacturing facilities on multiple continents and partners with an extensive network of distributors and service technicians. Trane Technologies continues to invest in research and development to advance its portfolio of low-carbon products and smart building technologies worldwide.

Key Stats

• Today's Range: $430.64 to $437.86
• 50-Day Range: $404.32 to $439.64
• 52-Week Range: $298.15 to $441.19
• Volume: 587,899 shs
• Average Volume: 1.33 million shs
• Market Capitalization: $97.41 billion
• P/E Ratio: 36.34
• Dividend Yield: 0.86%
• Price Target: $437.80
• Consensus Rating: Moderate Buy

Trane Technologies Stock Analysis - MarketRank™

Trane Technologies scored higher than 88% of companies evaluated by MarketBeat, and ranked 27th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Trane Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Trane Technologies has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 9.98%

Earnings Growth

Earnings for Trane Technologies are expected to grow by 9.98% in the coming year, from $12.83 to $14.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Trane Technologies is 36.34, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trane Technologies is 36.34, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 16.06.

Price to Earnings Growth Ratio

Trane Technologies has a PEG Ratio of 2.84. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Trane Technologies has a P/B Ratio of 13.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.49% of the float of Trane Technologies has been sold short.

Short Interest Ratio / Days to Cover

Trane Technologies has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Trane Technologies has recently decreased by 93.78%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Trane Technologies has a dividend yield of 0.86%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Trane Technologies has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Trane Technologies is 31.28%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Trane Technologies will have a dividend payout ratio of 26.65% next year. This indicates that Trane Technologies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -2.68

Percentage of Shares Shorted

1.49% of the float of Trane Technologies has been sold short.

Short Interest Ratio / Days to Cover

Trane Technologies has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Trane Technologies has recently decreased by 93.78%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.26

News Sentiment

Trane Technologies has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.86 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 36 news articles for Trane Technologies this week, compared to 22 articles on an average week.

Search Interest

Only 15 people have searched for TT on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Trane Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Trane Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,356,980.00 in company stock.

Percentage Held by Insiders

Only 0.38% of the stock of Trane Technologies is held by insiders.

Percentage Held by Institutions

82.97% of the stock of Trane Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TT Stock Analysis - Frequently Asked Questions

How have TT shares performed this year?

Trane Technologies' stock was trading at $369.35 at the beginning of 2025. Since then, TT shares have increased by 18.3% and is now trading at $436.7770.

How were Trane Technologies' earnings last quarter?

Trane Technologies plc (NYSE:TT) issued its quarterly earnings results on Wednesday, April, 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The company's revenue for the quarter was up 11.2% on a year-over-year basis.
Read the conference call transcript.

Does Trane Technologies have any subsidiaries?

Trane Technologies subsidiaries include EcoFactor, Precision Flow Systems, ICS Cool Energy, CALMAC Corp, FRIGOBLOCK, Cameron International Corporation - Centrifugal Compression Business, 200 PARK INC., and more.

Who are Trane Technologies' major shareholders?

Trane Technologies' top institutional shareholders include Swedbank AB (0.45%), Assenagon Asset Management S.A. (0.13%), Meyer Handelman Co. (0.10%) and Public Employees Retirement System of Ohio (0.04%). Insiders that own company stock include David S Regnery, Raymond D Pittard, Christopher J Kuehn, Keith A Sultana, Evan M Turtz, Mairead Magner, Linda P Hudson, Mark Majocha and Donald E Simmons.
View institutional ownership trends.

How do I buy shares of Trane Technologies?

Shares of TT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Trane Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trane Technologies investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AU Optronics (AUOTY).

Company Calendar

• Last Earnings: 4/30/2025
• Record date for 6/30 Dividend: 6/06/2025
• Ex-Dividend for 6/30 Dividend: 6/06/2025
• Dividend Payable: 6/30/2025
• Today: 7/16/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: BLDG PRD - AIR/HT
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: NYSE:TT
• CIK: 1466258
• Web: www.tranetechnologies.com
• Phone: (531) 870-7400
• Fax: 201-573-3448
• Employees: 45,000
• Year Founded: 1871

Price Target and Rating

• Average Price Target for Trane Technologies: $437.80
• High Price Target: $502.00
• Low Price Target: $396.00
• Potential Upside/Downside: +0.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $12.02
• Trailing P/E Ratio: 36.34
• Forward P/E Ratio: 34.04
• P/E Growth: 2.86
• Net Income: $2.57 billion
• Net Margins: 13.47%
• Pretax Margin: 16.96%
• Return on Equity: 36.10%
• Return on Assets: 13.13%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.09
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $20.31 billion
• Price / Sales: 4.80
• Cash Flow: $13.00 per share
• Price / Cash Flow: 33.59
• Book Value: $33.27 per share
• Price / Book: 13.13

Miscellaneous

• Outstanding Shares: 223,018,000
• Free Float: 222,171,000
• Market Cap: $97.41 billion
• Optionable: Optionable
• Beta: 1.15