Trane Technologies plc (NYSE:TT) Stock Has Average Price Target of $531.21

Posted by George Bondi on Oct 16th, 2026

Trane Technologies plc (NYSE:TT – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $539.42.

TT has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Trane Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $548.00 to $565.00 in a report on Wednesday. Royal Bank Of Canada increased their price objective on Trane Technologies from $496.00 to $502.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Sanford C. Bernstein upped their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Mizuho raised their price target on shares of Trane Technologies from $475.00 to $485.00 and gave the stock a “neutral” rating in a research note on Thursday.

View Our Latest Research Report on TT

Trane Technologies Trading Down 2.9%

NYSE:TT opened at $457.46 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $100.65 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The stock has a fifty day simple moving average of $454.95 and a 200-day simple moving average of $463.02. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $505.87.

Trane Technologies (NYSE:TT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $3.88 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s payout ratio is presently 31.82%.

Insider Activity at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the sale, the chief executive officer owned 96,951 shares of the company’s stock, valued at $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Trane Technologies

A number of hedge funds have recently added to or reduced their stakes in TT. V Square Quantitative Management LLC lifted its holdings in shares of Trane Technologies by 2.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,567 shares of the company’s stock worth $2,516,000 after acquiring an additional 148 shares during the period. Comprehensive Financial Consultants Institutional Inc. grew its holdings in Trane Technologies by 1.5% in the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 6,474 shares of the company’s stock valued at $2,926,000 after purchasing an additional 94 shares during the period. AdvisorNet Financial Inc grew its holdings in Trane Technologies by 9.7% in the third quarter. AdvisorNet Financial Inc now owns 987 shares of the company’s stock valued at $465,000 after purchasing an additional 87 shares during the period. Assenagon Asset Management S.A. increased its position in Trane Technologies by 749.8% during the third quarter. Assenagon Asset Management S.A. now owns 109,959 shares of the company’s stock worth $49,699,000 after purchasing an additional 97,020 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in Trane Technologies by 0.4% during the third quarter. Ninety One UK Ltd now owns 926,668 shares of the company’s stock worth $418,835,000 after purchasing an additional 3,624 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Trane Technologies

Here are the key news stories impacting Trane Technologies this week:

Positive Sentiment: Goldman Sachs upgraded TT to Buy from Neutral and set a $565 price target, signaling confidence in the company’s growth outlook and potential upside. Goldman Sachs upgrades Trane Technologies
Positive Sentiment: RBC raised its price target to $502 from $496 while maintaining a Sector Perform rating, reflecting modestly improved expectations even though the firm remains neutral on the shares. RBC lifts price target on Trane Technologies
Positive Sentiment: Trane Technologies benefits from resilient heating, cooling and building-efficiency demand, a record $12.1 billion backlog and strong cash flow. The company’s dividend declaration also reinforces its appeal to income-oriented investors. Why investors should hold TT Trane Technologies dividend declaration
Neutral Sentiment: Mizuho lifted its price target to $485 from $475 but retained a Neutral rating, suggesting analysts see limited near-term catalysts relative to the current valuation. Mizuho raises Trane Technologies price target
Neutral Sentiment: Upcoming earnings remain a key catalyst, with investors focused on whether backlog conversion, revenue growth and margins support expectations. Trane Technologies earnings preview
Negative Sentiment: Higher costs and potential margin pressure could offset the benefits of strong demand. With TT trading at a premium earnings multiple, investors may require continued earnings beats to support further gains.

Trane Technologies Company Profile

(Get Free Report)

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.