Trane Technologies plc (NYSE:TT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Trane Technologies plc (NYSE:TTGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $520.7143.

A number of equities research analysts have recently commented on the company. Evercore assumed coverage on Trane Technologies in a research note on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Royal Bank Of Canada upped their price target on shares of Trane Technologies from $440.00 to $501.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. 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, Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Friday, July 17th.

Get Our Latest Research Report on TT

Hedge Funds Weigh In On Trane Technologies

Hedge funds have recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies in the 4th quarter worth $25,000. Wilkerson Advisory Group LLC raised its stake in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Trane Technologies during the fourth quarter valued at $32,000. Elevation Wealth Partners LLC boosted its position in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of Trane Technologies during the third quarter valued at $32,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

More Trane Technologies News

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

  • Positive Sentiment: Q2 results exceeded expectations. Adjusted EPS rose 11% year over year to $4.31, ahead of the $4.27 consensus estimate, while revenue increased 10.6% to $6.35 billion versus expectations of $6.20 billion. Trane Technologies Q2 Earnings and Revenues Beat Estimates
  • Positive Sentiment: Demand indicators were particularly strong. Bookings surged 39% year over year, or 37% organically, to $7.82 billion. Management pointed to solid commercial HVAC demand, a record backlog and stronger bookings as support for continued growth. Trane Technologies Reports Strong Second Quarter Results
  • Positive Sentiment: Full-year guidance was raised. Trane now expects 2026 adjusted EPS of $15.20-$15.30, above the $14.90 analyst consensus, and revenue of approximately $23.8 billion versus the $23.4 billion consensus. Trane Technologies Raises Full-Year Forecast
  • Neutral Sentiment: The earnings call reinforced the outlook. Management discussed the company’s operating performance, commercial HVAC demand and growth opportunities, while investors will look for further details on backlog conversion, margins and execution in coming quarters. Trane Technologies Q2 2026 Earnings Call Transcript
  • Negative Sentiment: Market reaction was subdued. The shares decreased even after the earnings and guidance beats, suggesting investors may have been taking profits or requiring stronger upside relative to expectations. Trane trades at roughly 34 times earnings, and its share price remains below its 50-day moving average, potentially adding technical pressure.

Trane Technologies Stock Performance

Shares of TT opened at $442.11 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.46. The stock has a market cap of $97.73 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.06 and a beta of 1.19. The business’s 50 day moving average price is $470.86 and its 200-day moving average price is $452.58. Trane Technologies has a 52 week low of $348.06 and a 52 week high of $505.87.

Trane Technologies (NYSE:TTGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts anticipate that Trane Technologies will post 14.89 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is presently 32.48%.

About Trane Technologies

(Get Free Report)

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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Analyst Recommendations for Trane Technologies (NYSE:TT)

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