NYSE:TT

Trane Technologies (TT) Stock Price, News & Analysis

$294.92
-1.57 (-0.53%)
(As of 10:51 AM ET)
Today's Range
$291.37
$296.62
50-Day Range
$272.17
$304.66
52-Week Range
$162.04
$306.98
Volume
285,396 shs
Average Volume
984,172 shs
Market Capitalization
$66.97 billion
P/E Ratio
33.55
Dividend Yield
1.14%
Price Target
$251.83

Trane Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
13.9% Downside
$251.83 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.78
Upright™ Environmental Score
News Sentiment
1.23mentions of Trane Technologies in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$8.46 M Sold Last Quarter
Proj. Earnings Growth
10.78%
From $10.20 to $11.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.21 out of 5 stars

Business Services Sector

44th out of 305 stocks

Environmental Controls Industry

1st out of 1 stocks

TT stock logo

About Trane Technologies Stock (NYSE:TT)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

TT Stock Price History

TT Stock News Headlines

World’s biggest multibillionaire investor is buying THIS by the ton [picture]
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World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Trane Technologies Declares Quarterly Dividend
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/29 Dividend
2/29/2024
Dividend Payable
3/29/2024
Today
4/25/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Environmental controls
Sub-Industry
N/A
Employees
40,000
Year Founded
1871

Price Target and Rating

Average Stock Price Target
$251.83
High Stock Price Target
$355.00
Low Stock Price Target
$191.00
Potential Upside/Downside
-15.1%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$2.02 billion
Pretax Margin
14.52%

Debt

Sales & Book Value

Annual Sales
$17.68 billion
Cash Flow
$10.89 per share
Book Value
$30.84 per share

Miscellaneous

Free Float
226,186,000
Market Cap
$67.32 billion
Optionable
Optionable
Beta
1.05

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TT Stock Analysis - Frequently Asked Questions

Should I buy or sell Trane Technologies stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trane Technologies in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TT, but not buy additional shares or sell existing shares.
View TT analyst ratings
or view top-rated stocks.

What is Trane Technologies' stock price target for 2024?

11 analysts have issued 1-year price targets for Trane Technologies' stock. Their TT share price targets range from $191.00 to $355.00. On average, they anticipate the company's stock price to reach $251.83 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
View analysts price targets for TT
or view top-rated stocks among Wall Street analysts.

How have TT shares performed in 2024?

Trane Technologies' stock was trading at $243.90 at the beginning of the year. Since then, TT stock has increased by 19.9% and is now trading at $292.38.
View the best growth stocks for 2024 here
.

When is Trane Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our TT earnings forecast
.

How can I listen to Trane Technologies' earnings call?

Trane Technologies will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Trane Technologies' earnings last quarter?

Trane Technologies plc (NYSE:TT) issued its earnings results on Thursday, February, 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.04. The company earned $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a trailing twelve-month return on equity of 32.01% and a net margin of 11.45%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 earnings per share.
Read the conference call transcript
.

How often does Trane Technologies pay dividends? What is the dividend yield for Trane Technologies?

Trane Technologies announced a quarterly dividend on Thursday, April 4th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.84 per share on Friday, June 28th. This represents a $3.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, June 6th.
Read our dividend analysis for TT
.

Is Trane Technologies a good dividend stock?

Trane Technologies (NYSE:TT) pays an annual dividend of $3.36 per share and currently has a dividend yield of 1.15%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TT will have a dividend payout ratio of 29.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TT.

What guidance has Trane Technologies issued on next quarter's earnings?

Trane Technologies updated its FY24 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of $10.00-$10.30 for the period, compared to the consensus earnings per share estimate of $10.08. The company issued revenue guidance of $18.9-$19.1 billion, compared to the consensus revenue estimate of $18.72 billion.

What is Michael W. Lamach's approval rating as Trane Technologies' CEO?

610 employees have rated Trane Technologies Chief Executive Officer Michael W. Lamach on Glassdoor.com. Michael W. Lamach has an approval rating of 92% among the company's employees. This puts Michael W. Lamach in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Trane Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Trane Technologies investors own include AT&T (T), Broadcom (AVGO), Intel (INTC), Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE), Cisco Systems (CSCO), Verizon Communications (VZ), Walmart (WMT) and Bristol-Myers Squibb (BMY).

Who are Trane Technologies' major shareholders?

Trane Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Raymond James & Associates (0.45%), Los Angeles Capital Management LLC (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Raymond James Financial Services Advisors Inc. (0.25%), Meyer Handelman Co. (0.12%) and Adams Diversified Equity Fund Inc. (0.04%). Insiders that own company stock include Christopher J Kuehn, David S Regnery, Donald E Simmons, Evan M Turtz, Keith A Sultana, Linda P Hudson, Mairead Magner, Marcia J Avedon, Mark Majocha, Michael W Lamach, Paul A Camuti, Paul A Camuti and Raymond D Pittard.
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.
Compare Top Brokerages Here.

Does Trane Technologies have any subsidiaries?
The following companies are subsidiares of Trane Technologies: 200 PARK INC., ACCUDYNE INDUSTRIES ACQUISITION S.À R.L, ACCUDYNE INDUSTRIES ASIA PTE. LTD., ACCUDYNE INDUSTRIES BORROWER S.C.A., ACCUDYNE INDUSTRIES CANADA INC, ACCUDYNE INDUSTRIES INDIA PRIVATE LIMITED, ACCUDYNE INDUSTRIES LLC, ACCUDYNE INDUSTRIES MIDDLE EAST FZE, ACCUDYNE INDUSTRIES S.À R.L, ACCUDYNE INDUSTRIES SERVICES LIMITED, ARCTIC COOL CHILLERS LIMITED, ARO DE VENEZUELA C.A., Airtec Limited, Amair Limited, Best Matic International Limited, Best Matic Vermogensverwaltungs Gmbh, CALMAC Corp, CLIMATE ETC TECHNOLOGY SERVICES PRIVATE LIMITED, CLUB CAR LLC, Calmac Corp., Cameron International Corporation - Centrifugal Compression Business, Club Car Limited, Comercial Ingersoll-Rand (Chile) Limitada, Compagnie Ingersoll-Rand Sas, Cool Energy Limited, DOSATRON INTERNATIONAL S.A.S., Diasorin International B.V., Dradnats Inc., Ebb Holdings Limited, EcoFactor, FRIGOBLOCK, FRIGOBLOCK GMBH, Filairco Inc., Flowcool Limited, Frigoblock Uk Limited, GPS INDUSTRIES LLC, GPSI HOLDINGS LLC, GPSI LEASING II - ACCORD LLC, GPSI LEASING LLC, Ghh-Rand Schraubenkompressoren Gmbh, Golf Academies Limited, Gpsi Telematics Llc, HASKEL EUROPE LTD., HASKEL FRANCE S.A.S., HASKEL HOLDINGS UK LIMITED, HASKEL INTERNATIONAL LLC, HASKEL SISTEMAS DE FLUIDOS ESPAÑA S.R.L., Hermann Trane Harrisburg Inc., Hibon Inc., ICS Cool Energy, ICS Cool Energy Limited, INGERSOLL RAND ITS JAPAN LTD., INGERSOLL RAND MAROC S.À R.L, INGERSOLL RAND S.A. DE C.V., INGERSOLL RAND-TRANE ENERGY-SAVING SERVICES (SHANGHAI) CO. LTD., INGERSOLL-RAND (CHANG ZHOU) TOOLS CO. LTD., INGERSOLL-RAND (CHINA) INDUSTRIAL EQUIPMENT MANUFACTURING CO. LTD., INGERSOLL-RAND (SHANGHAI) TRADING CO. LTD., INGERSOLL-RAND CHINA LLC, INGERSOLL-RAND COMÉRCIO E SERVIÇOS DE MÁQUINAS E EQUIPAMENTOS INDUSTRIAIS LTDA., INGERSOLL-RAND DE MEXICO SOCIEDAD DE RESPONSABILIDAD LIMITADA DE CAPITAL VARIABLE, INGERSOLL-RAND DE PUERTO RICO INC., INGERSOLL-RAND INDUSTRIA COMERCIO E SERVICOS DE AR CONDICIONADO AR COMPRIMIDO E REFRIGERACAO LTDA., INGERSOLL-RAND INDUSTRIAL COMPANY B.V., INGERSOLL-RAND INDUSTRIAL SP. Z O.O., INGERSOLL-RAND INDUSTRIAL U.S. INC., INGERSOLL-RAND JAPAN LTD., INGERSOLL-RAND LATIN AMERICA S. DE R.L. DE C.V., INGERSOLL-RAND LUX INVESTMENTS S.À R.L., INGERSOLL-RAND LUXEMBOURG INDUSTRIAL COMPANY S.À R.L., INGERSOLL-RAND MANUFACTURA S. DE R.L DE C.V., INGERSOLL-RAND NY INC., INGERSOLL-RAND PHILIPPINES INC., INGERSOLL-RAND PORTUGAL - SOCIEDADE UNIPESSOAL LDA., INGERSOLL-RAND SALES COMPANY LLC, INGERSOLL-RAND SPAIN S.A., INGERSOLL-RAND U.S. HOLDCO INC., Ics Cool Energy (Sas), Ics Cool Energy Ag, Ics Cool Energy B.V., Ics Cool Energy Gmbh, Ics Cool Energy Investments Limited, Ics Group Holdings Limited, Ics Heat Pumps Limited, Ics Renewable Energy Limited, Ics Servicing Limited, Industrial Chill Servicing Private Ltd., Ingersoll Rand Service Do Brasil Ltda., Ingersoll-Rand (Australia) Ltd., Ingersoll-Rand (China) Investment Company Limited, Ingersoll-Rand (Guilin) Tools Company Limited, Ingersoll-Rand (Hong Kong) Holding Company Limited, Ingersoll-Rand (India) Limited, Ingersoll-Rand Ab, Ingersoll-Rand Air Solutions Hibon Sarl, Ingersoll-Rand Best-Matic Ab, Ingersoll-Rand Beteiligungs Und Grundstucksverwaltungs Gmbh, Ingersoll-Rand Buford Llc, Ingersoll-Rand Charitable Foundation, Ingersoll-Rand Climate Solutions Private Limited, Ingersoll-Rand Club Car S.A.S., Ingersoll-Rand Colombia S.A.S., Ingersoll-Rand Company, Ingersoll-Rand Company Limited (Uk), Ingersoll-Rand Company Of Peru S.A.C., Ingersoll-Rand Company South Africa (Pty) Limited, Ingersoll-Rand Costa Rica S.A., Ingersoll-Rand Croatia D.O.O. Za Trgovinu, Ingersoll-Rand Cz S.R.O., Ingersoll-Rand Equipements De Production S.A.S., Ingersoll-Rand European Holding Company B.V., Ingersoll-Rand Financial Services Corporation, Ingersoll-Rand Financing Limited, Ingersoll-Rand Finland Oy, Ingersoll-Rand Funding Ltd., Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Gmbh, Ingersoll-Rand Holdings B.V., Ingersoll-Rand Holdings Limited, Ingersoll-Rand International (India) Private Limited, Ingersoll-Rand International Finance Limited, Ingersoll-Rand International Holding Llc, Ingersoll-Rand International Limited, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Italia S.R.L., Ingersoll-Rand Italiana S.P.A., Ingersoll-Rand Korea Holding Llc, Ingersoll-Rand Korea Limited, Ingersoll-Rand Latin America B.V., Ingersoll-Rand Lux Euro Iii Financing S.À R.L., Ingersoll-Rand Lux Holdings Ii Company S.À R.L., Ingersoll-Rand Lux International Holding Company S.À R.L., Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Luxembourg United S.À R.L., Ingersoll-Rand Machinery (Shanghai) Company Limited, Ingersoll-Rand Malaysia Co. Sdn. Bhd., Ingersoll-Rand Manufacturing S.R.O., Ingersoll-Rand Netherlands B.V., Ingersoll-Rand Nexia Intelligence Llc, Ingersoll-Rand Polska Sp. Z.O.O., Ingersoll-Rand Rus Llc, Ingersoll-Rand S.A., Ingersoll-Rand Services And Trading Limited Liability Company, Ingersoll-Rand Services Company, Ingersoll-Rand Services Limited, Ingersoll-Rand Singapore Enterprises Pte. Ltd., Ingersoll-Rand South East Asia (Pte.) Ltd., Ingersoll-Rand Superay Holdings Limited, Ingersoll-Rand Svenska Ab, Ingersoll-Rand Technical And Services Limited, Ingersoll-Rand Technical And Services S.Á.R.L., Ingersoll-Rand Technologies And Services Private Limited, Ingersoll-Rand Technologies S.R.O., Ingersoll-Rand Tool Holdings Limited, Ingersoll-Rand Trading Gmbh, Ingersoll-Rand Uk Limited, Ingersoll-Rand Ukraine Limited Liability Company, Ingersoll-Rand Vietnam Company Limited, Ingersoll-Rand Worldwide Capital S.À R.L., Ingersoll-Rand Zimbabwe (Private) Limited, Ir Canada Holdings Ulc, Ir Canada Sales & Service Ulc, Ir France Sas, MILTON ROY (HONG KONG) LIMITED, MILTON ROY (UK) LIMITED, MILTON ROY EUROPA B.V., MILTON ROY EUROPE SAS, MILTON ROY INDUSTRIAL (SHANGHAI) CO. LTD., MILTON ROY LLC, MILTON ROY US PURCHASER INC., Mb Air Systems Limited, Officina Meccaniche Industriali Srl, PERFECT PITCH L.P., Plurifilter D.O.O., Precision Flow Systems, Prime Air Limited, Pt Ingersoll-Rand Indonesia, Pt Trane Indonesia, R&O Immobilien Gmbh, REFTRANS S.A., STANDARD CENTENNIAL PROPERTY LLC, Shanghai Ingersoll-Rand Compressor Limited, Societe Trane Sas, Spanashview Unlimited Company, Standard Compressors Inc., Standard Trane Insurance Company, Standard Trane Insurance Ireland Designated Activity Company, Standard Trane Warranty Company, T.I. Solutions (Israel) Ltd., THE TRANE COMPANY, THERMO KING (HONG KONG) COMPANY LIMITED, THERMO KING (SHANGHAI) CO. LTD., THERMO KING DE PUERTO RICO INC., THERMO KING PUERTO RICO MANUFACTURA INC., THERMO KING RODAMIENTOS S.L., THERMO KING SOUTH AFRICA (PTY) LTD., THERMO KING SVC INC., TK PUERTO RICO AIRE INC., TK PUERTO RICO COMERCIAL INC., TK PUERTO RICO ENSAMBLAJE INC., TK PUERTO RICO FABRICACION INC., TK PUERTO RICO LOGISTICA INC., TK PUERTO RICO OPERACIONES INDUSTRIALES INC., TK PUERTO RICO PRODUCCION INC., TK PUERTO RICO SOLUCIONES CLIMATICAS INC., TK PUERTO RICO TECNOLOGIAS INC., TRANE (EUROPE) LIMITED, TRANE AIR CONDITIONING SYSTEMS AND SERVICE CO. LIMITED, TRANE BRANDS INC., TRANE CENTRAL AMERICA INC., TRANE DOMINICANA S.R.L., TRANE ENERGY CHOICE LLC, TRANE ENERGY SERVICES LLC, TRANE HOLDING LIMITED, TRANE JAPAN LTD., TRANE KOREA INC., TRANE S.A. DE C.V., TRANE SERVICEFIRST C.A., TRANE SERVICES LIMITED, TRANE SINGAPORE ENTERPRISES PTE. LTD., TRANE SISTEMAS INTEGRALES S. DE R.L. DE C.V., TRANE SYSTEMS SOLUTIONS OF PANAMA INC., TRANE THERMO KING (SHANGHAI) ENTERPRISE MANAGEMENT CO. LTD., TRANE THERMO KING PTY LTD, TWENTYTHREEC LLC, Thermo King Container Temperature Control (Suzhou) Corporation Ltd., Thermo King Container-Denmark A/S, Thermo King Corporation, Thermo King European Manufacturing Limited, Thermo King India Private Limited, Thermo King Ireland Limited, Thermo King Services Limited, Thermo King Trading Company, Thermo King Transportkoeling B.V., Tm Air Conditioning Sdn. Bhd., Trane (Ireland) Limited, Trane (Schweiz) Gmbh / Trane (Suisse) S.A.R.L., Trane (Thailand) Limited, Trane Air Conditioning Products Limited, Trane Air Conditioning Systems (China) Co. Ltd., Trane Airconditioning Pte. Ltd., Trane Aire Acondicionado S.L., Trane Bermuda Ltd., Trane Bvba, Trane Canada Lp, Trane Canada Ulc, Trane China Holdings Limited, Trane Climate Manufacturing S.R.L., Trane Cr Spol Sro., Trane De Argentina S.A., Trane De Chile S.A., Trane De Colombia S.A., Trane Deutschland Gmbh, Trane Distribution Pte Ltd, Trane Do Brasil Indústria E Comércio De Productos Para Condicionamento De Ar Ltda., Trane Egypt Llc, Trane Europe Holdings B.V., Trane Export Llc, Trane Finance Sprl, Trane Foundation Of New York, Trane France Sas, Trane Gmbh, Trane Gp Inc., Trane Grid Services Llc, Trane Hellas S.A., Trane Holding Co., Trane Holdings Company Yk, Trane Hungary Kft, Trane Inc., Trane Inc. Of Delaware, Trane India Ltd., Trane International Inc., Trane Ip Inc., Trane Italia S.R.L, Trane Klima Ticaret As, Trane Malaysia Sales & Services Sdn. Bhd., Trane Puerto Rico Llc, Trane Romania S.R.L., Trane S.A., Trane S.A.E., Trane Support Sas, Trane Sweden Ab, Trane Taiwan Distribution Ltd., Trane U.S. Inc., Trane Vidalia Llc, Trane Vietnam Services Company Limited, Tricool Thermal Limited, Tsi Anstalt Ltd., World Standard Ltd., and Zeks Compressed Air Solutions Llc.
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This page (NYSE:TT) was last updated on 4/25/2024 by MarketBeat.com Staff

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