Trane Technologies (NYSE:TT – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 15.200-15.300 for the period, compared to the consensus EPS estimate of 14.900. The company issued revenue guidance of $23.8 billion-$23.8 billion, compared to the consensus revenue estimate of $23.4 billion.
Trane Technologies Trading Up 3.5%
Shares of Trane Technologies stock opened at $455.78 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.77. The stock has a market capitalization of $100.75 billion, a PE ratio of 34.53, a P/E/G ratio of 1.98 and a beta of 1.19. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87. The company’s fifty day simple moving average is $470.95 and its 200-day simple moving average is $452.60.
Trane Technologies (NYSE:TT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the company earned $3.88 EPS. Trane Technologies’s revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts anticipate that Trane Technologies will post 15.25 earnings per share for the current year.
Trane Technologies Announces Dividend
Analysts Set New Price Targets
TT has been the subject of a number of research reports. Citigroup dropped their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday. Royal Bank Of Canada lowered their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday. Wall Street Zen upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. KeyCorp increased their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein set a $555.00 price objective on shares of Trane Technologies in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $520.07.
View Our Latest Analysis on Trane Technologies
Trane Technologies News Roundup
Here are the key news stories impacting Trane Technologies this week:
- Positive Sentiment: Second-quarter results exceeded expectations. Adjusted EPS was $4.31, above the $4.27 consensus and up from $3.88 a year earlier. Revenue rose 10.6% year over year to $6.35 billion, surpassing the $6.20 billion estimate. TT’s Q2 Earnings and Revenues Beat Estimates, Increase Year Over Year
- Positive Sentiment: Bookings surged 39% to $7.82 billion on a reported basis, or 37% organically, while the company cited a record backlog. These trends strengthen visibility into future revenue and suggest sustained demand for Trane’s climate-control products and services. Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
- Positive Sentiment: Management raised its 2026 forecast. Full-year adjusted EPS guidance is now $15.20–$15.30, above the roughly $14.90 analyst consensus, while revenue guidance of approximately $23.8 billion exceeds the $23.4 billion consensus. Trane Technologies Q2 Earnings and Revenues Beat Estimates
- Neutral Sentiment: Analyst actions were mixed but still imply upside. Citigroup lowered its target from $570 to $566 while maintaining a Buy rating. RBC cut its target from $501 to $496 and assigned a Sector Perform rating. The reductions may temper enthusiasm, but both targets remain above the cited share price. Analyst Price Target Updates
Institutional Investors Weigh In On Trane Technologies
Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in Trane Technologies by 135.4% in the second quarter. Corient Private Wealth LLC now owns 735,589 shares of the company’s stock worth $321,757,000 after acquiring an additional 423,090 shares during the period. Credit Agricole S A purchased a new position in Trane Technologies during the third quarter valued at approximately $118,129,000. Bank of Nova Scotia raised its stake in Trane Technologies by 843.5% in the fourth quarter. Bank of Nova Scotia now owns 277,586 shares of the company’s stock worth $108,036,000 after buying an additional 248,166 shares in the last quarter. Renaissance Technologies LLC boosted its position in Trane Technologies by 110.6% during the 4th quarter. Renaissance Technologies LLC now owns 307,828 shares of the company’s stock valued at $119,807,000 after acquiring an additional 161,660 shares in the last quarter. Finally, TCW Group Inc. purchased a new position in shares of Trane Technologies in the 4th quarter valued at $44,099,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
About Trane Technologies
Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.
In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.
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