Trane Technologies (NYSE:TT) Issues FY 2026 Earnings Guidance

Trane Technologies (NYSE:TT) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 14.650-14.850 for the period, compared to the consensus estimate of 14.790. The company issued revenue guidance of $23.1 billion-$23.4 billion, compared to the consensus revenue estimate of $22.9 billion.

Trane Technologies Stock Up 8.0%

TT stock opened at $425.66 on Friday. Trane Technologies has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $396.04 and a two-hundred day moving average price of $415.08. The company has a market cap of $94.39 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.97 and a beta of 1.21.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.04. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Analysts anticipate that Trane Technologies will post 12.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TT shares. Royal Bank Of Canada increased their price target on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research note on Wednesday, January 7th. Citigroup increased their target price on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company dropped their price target on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.73.

Trane Technologies News Roundup

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

• Positive Sentiment: Q4 beats and strong bookings — TT reported adjusted Q4 EPS of $2.86 (beat) and revenue of $5.14B (beat); bookings jumped ~24% YoY to $5.76B, signaling robust demand and backlog that support future revenue. Trane Technologies PLC (TT) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Revenue guidance raised above consensus — management updated FY‑2026 revenue guidance to $23.1B–$23.4B versus Street ~$22.9B, giving investors upside to top‑line expectations and better forward visibility. (Guidance also included EPS range roughly in line with consensus.)
• Positive Sentiment: Cash flow and profitability trends — company commentary and filings highlight improving cash flow, a strong net margin (~14%) and high ROE, supporting shareholder returns and valuation support. Business Wire: Q4 and FY2025 Results
• Neutral Sentiment: Guidance nuance — EPS guidance of 14.65–14.85 is essentially in line with consensus (14.79); that tempers the upside from the revenue beat and leaves earnings risk neutral.
• Neutral Sentiment: Market commentary and momentum coverage — several outlets and transcripts highlight momentum and investor interest as catalysts; these can amplify moves but are not new fundamental changes. Earnings Call Transcript
• Negative Sentiment: Valuation and execution risk — TT trades at a premium (P/E ~33) so much of good news may already be priced in; sustained outperformance depends on continued execution, margins and conversion of backlog to profitable revenue.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in shares of Trane Technologies in the third quarter valued at $32,000. Johnson Financial Group Inc. purchased a new position in Trane Technologies during the third quarter valued at approximately $57,000. Sunbelt Securities Inc. grew its position in shares of Trane Technologies by 29.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 275 shares of the company’s stock valued at $116,000 after purchasing an additional 62 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Trane Technologies by 14.5% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 315 shares of the company’s stock worth $133,000 after buying an additional 40 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new position in shares of Trane Technologies during the second quarter worth about $227,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Company Profile

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.