Trane Technologies (TT) Stock Price, News & Analysis

Company Overview

Trane Technologies is a global climate innovator specializing in heating, ventilation and air conditioning (HVAC) systems, transport refrigeration and building solutions. The company operates through two primary segments—Climate and Transport—offering a comprehensive portfolio of products, services and digital controls designed to improve energy efficiency and reduce environmental impact.

In its Climate segment, Trane Technologies provides HVAC equipment, controls, parts and services for commercial, residential and industrial applications. The company’s flagship Trane® brand delivers air conditioning and air quality solutions, while Thermo King® leads in transport temperature control for trucks, trailers, railcars, shipping containers and buses. Trane Technologies also develops advanced building automation systems and software platforms that enable customers to monitor and optimize energy use in real time.

Trane Technologies traces its roots to historic industrial and HVAC businesses that date back more than a century, consolidating expertise in 2020 when Ingersoll Rand’s climate operations became a standalone entity. Headquartered in Dublin, Ireland, the company maintains major research, manufacturing and service centers around the world, serving customers in North America, Europe, Asia, Latin America, Africa and the Middle East.

Under the leadership of Chairman and Chief Executive Officer Michael W. Lamach, Trane Technologies has placed sustainability at the core of its strategy. The company pursues aggressive targets for greenhouse gas reduction, product circularity and low-carbon solutions, while investing in next-generation refrigerants and digital innovation to help customers meet evolving environmental regulations and performance goals.

Key Stats

• Today's Range: $397.96 to $406.60
• 50-Day Range: $400.97 to $472.45
• 52-Week Range: $298.15 to $476.18
• Volume: 1.56 million shs
• Average Volume: 1.20 million shs
• Market Capitalization: $89.73 billion
• P/E Ratio: 31.98
• Dividend Yield: 0.93%
• Price Target: $458.60
• Consensus Rating: Hold

Trane Technologies Stock Analysis - MarketRank™

Trane Technologies scored higher than 93% of companies evaluated by MarketBeat, and ranked 14th out of 105 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: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Trane Technologies has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 5 buy ratings, 10 hold ratings, and 1 sell rating.

Upside Potential

Trane Technologies has a consensus price target of $458.60, representing about 13.7% upside from its current price of $403.27.

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: 1.9 / 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 31.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 281.25.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trane Technologies is 31.98, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 17.11.

Price to Earnings Growth Ratio

Trane Technologies has a PEG Ratio of 2.50. 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 12.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.33% 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 2.3, 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 1.99%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Trane Technologies has a dividend yield of 0.91%, 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 29.82%. 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

1.33% 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 2.3, 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 1.99%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.41

News Sentiment

Trane Technologies has a news sentiment score of 1.41. 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 1.08 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 43 news articles for Trane Technologies this week, compared to 32 articles on an average week.

Search Interest

Only 7 people have searched for TT on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

10 people have added Trane Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 233% 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 $9,223,770.00 in company stock.

Percentage Held by Insiders

Only 0.14% 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 on January 1st, 2025. Since then, TT stock has increased by 9.2% and is now trading at $403.2670.

How were Trane Technologies' earnings last quarter?

Trane Technologies plc (NYSE:TT) issued its quarterly earnings results on Wednesday, July, 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.09. The firm's quarterly revenue was up 7.6% on a year-over-year basis.
Read the conference call transcript.

Does Trane Technologies have any subsidiaries?

The following companies are subsidiaries of Trane Technologies: 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 Vanguard Group Inc. (8.90%), JPMorgan Chase & Co. (6.33%), State Street Corp (4.53%) and Geode Capital Management LLC (2.24%). 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

• Record date for 6/30 Dividend: 6/06/2025
• Ex-Dividend for 6/30 Dividend: 6/06/2025
• Dividend Payable: 6/30/2025
• Last Earnings: 7/30/2025
• Record date for 9/30 Dividend: 9/05/2025
• Ex-Dividend for 9/30 Dividend: 9/05/2025
• Today: 9/15/2025
• Dividend Payable: 9/30/2025
• Next Earnings (Estimated): 10/29/2025
• 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: 2020

Price Target and Rating

• Average Price Target for Trane Technologies: $458.60
• High Price Target: $544.00
• Low Price Target: $398.00
• Potential Upside/Downside: +13.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $12.61
• Trailing P/E Ratio: 31.98
• Forward P/E Ratio: 31.43
• P/E Growth: 2.5
• Net Income: $2.57 billion
• Net Margins: 13.76%
• Pretax Margin: 17.18%
• Return on Equity: 36.61%
• Return on Assets: 13.58%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 1.10
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $19.84 billion
• Price / Sales: 4.52
• Cash Flow: $13.15 per share
• Price / Cash Flow: 30.66
• Book Value: $33.27 per share
• Price / Book: 12.12

Miscellaneous

• Outstanding Shares: 222,510,000
• Free Float: 222,203,000
• Market Cap: $89.73 billion
• Optionable: Optionable
• Beta: 1.10