Inside the research
Trane Technologies plc
TT Research profile · latest available data
Price overview
$454.44
▲ +15.90 (+3.6%)
| 52w hi | $502.27 |
|---|---|
| 52w lo | $373.79 |
| Vol | 1.41M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.03
| Short | +0.16 |
|---|---|
| Medium | -0.18 |
| Long | -0.12 |
computed 2026-09-27
Key fundamentals
Trane Technologies plc
Industrials · Building Products & Equipment
| Market cap | $99.99B |
|---|---|
| Enterprise value | $103.31B |
| Trailing P/E | 33.89x |
| Forward P/E | 25.86x |
| EV / EBITDA | 23.98x |
| P / S (ttm) | 4.50x |
| Profit margin | 13.3% |
| Return on equity | 36.6% |
| Revenue growth | +10.6% |
| Earnings growth | +7.1% |
| Debt / equity | 53.40 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.22 | |
| Sector | -0.01 | |
| Technical | -0.24 | |
| Earnings | +0.00 | |
| Sentiment | +0.50 |
macro × 1.00 · 2026-09-27
Business overview
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
Risk Metrics
| Beta vs SPX | 1.02 |
|---|---|
| Corr SPX | 0.58 |
| Annual vol | 28.3% |
| Annual ret | +12.3% |
| Sharpe | 0.43 |
| Max DD | -24.8% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $517.69 |
|---|---|
| High / Low | $585.00 / $402.00 |
| Median | $525.00 |
| Analysts | 23 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 10 | |
| Hold | 11 | |
| Sell | 1 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-01 | RBC Capital | → Sector Perform |
| 2026-05-01 | Keybanc | → Overweight |
| 2026-05-01 | Evercore ISI Group | → Outperform |
| 2026-05-01 | Citigroup | → Buy |
| 2026-05-01 | Barclays | → Overweight |
| 2026-04-21 | Keybanc | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-07-22 | Officer / Director Change, Exhibits | read |
| 2026-06-10 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-06-05 | Shareholder Vote | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-04-24 | Material Agreement | read |
| 2026-01-29 | Earnings Release, Exhibits | read |
| 2025-12-02 | Other Material Event | read |
| 2025-10-30 | Earnings Release, Exhibits | read |
| 2025-07-30 | Earnings Release, Exhibits | read |
| 2025-06-06 | Shareholder Vote | read |
| 2025-05-28 | Material Agreement, Termination of Agreement… | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 99.2% |
| HHI | 3,485 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $4.95B | 10.09M |
| State Street Corp | $4.95B | 10.08M |
| Capital Research / Capital World | $1.16B | 2.37M |
| AQR Capital Management | $514.50M | 1.06M |
| Citadel Advisors | $399.34M | 813.06K |
| Millennium Management | $72.79M | 148.21K |
| Renaissance Technologies | $19.25M | 39.19K |
| Bridgewater Associates | $2.45M | 4.99K |
| T. Rowe Price Group | $573.06K | 1.17M |
As of 2026-06-30
Connections
Subsidiarys: Thermo King
Dividends
| Yield (TTM) | 0.23% |
|---|---|
| $ / share (TTM) | $1.05 |
| 5y CAGR | +5.9% |
Annual dividend per share
| 2021 | $2.36 |
|---|---|
| 2022 | $2.68 |
| 2023 | $3.00 |
| 2024 | $3.36 |
| 2025 | $2.82 |
| 2026 | $1.05 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $247.21K | Department of State | BME MAINTENANCE SERVICES FOR CHANCERY&ANNEX AHUS |
| $111.07K | Department of State | BME CHILLERS MAINTENANCE SERVICES |
| $87.65K | Department of State | GSO WAREHOUSE - AIR CONDITIONERS FAP |
| $76.45K | Department of State | ENCLAVE APARTMENT # 37 TO 54 |
| $34.76K | Department of State | CHANCERY AND ANNEX CHILLERS MAINTENANCE |
| $25.80K | Department of State | FAC-NEW AC UNIT CHANCERY'S EQUIPMENT ROOM |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $17.68B | +1.8% | |
| Operating income | $3.97B | +10.9% | |
| Net income | $2.92B | +12.4% | |
| Cash from ops | $2.39B | +5.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $444.39 | $455.98 | $442.50 | $454.44 | 1.41M |
| Sep 24 | $432.18 | $442.45 | $431.00 | $438.54 | 923.10K |
| Sep 23 | $435.55 | $441.26 | $433.48 | $437.09 | 1.02M |
| Sep 22 | $437.22 | $440.52 | $433.86 | $437.82 | 1.06M |
| Sep 21 | $432.37 | $434.80 | $425.09 | $433.32 | 1.03M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →