Trane Technologies plc

NYSE: TT

Stock price

477.69 USD

(+0%) TODAY

Financial Performance

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5Y price score: 201

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 848.8%

DATE RANGE:

US$ Per
Share

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348.0

52-week range

505.8

477.69

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Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

3.5 %

Dividend Yield TTM

0.8 %

Market cap $

$ 105,103

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

36.2

Price / Book TTM

12.3

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

2.3

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

10.7 %

157.8 %

848.8 %

Free cash flow per share growth

3.5 %

137.2 %

427.1 %

Earnings per share growth

15.5 %

268.8 %

423.4 %

Founded: 1,885

Employees: 45,000

Business Summary:Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers in the United States; and through sales and service companies with a supporting chain of distributors worldwide. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Jul 30, 2026)

1) Strategy & Leadership
- Trane Technologies continues to focus on enhancing performance and reducing operating costs for customers, driven by elevated energy prices.
- The company emphasizes its Smart systems integrated controls and Agentic AI to optimize building efficiency and resiliency.
- Leadership remains confident in delivering long-term value through a robust business operating system and a strong cash flow engine.

2) Financial & Segment Results
- Q2 2026 saw enterprise organic bookings increase by 37%, leading to a record backlog of $12.1 billion, up 70% YoY.
- Organic revenue grew 9%, with adjusted EPS increasing 11%.
- The Americas Commercial HVAC segment performed exceptionally, with bookings up 50% YoY and applied bookings up 130%.
- Residential bookings were up in the high 20s percentage range, with expectations for continued growth in the second half of the year.

3) Operational Plans & Challenges
- The company is experiencing strong demand across multiple verticals, with a notable increase in commercial HVAC bookings.
- EMEA performance was stable, but impacted by the ongoing conflict in the Middle East, with bookings up mid-20s excluding this region.
- Operational excellence is a priority, with investments in capacity and innovation to support robust demand.

4) Guidance & Outlook
- Trane Technologies raised its full-year revenue guidance to approximately 9% organic growth and adjusted EPS guidance to a range of $15.20 to $15.30.
- For Q3, the company expects organic revenue growth of approximately 10% and adjusted EPS of about $4.70.
- The outlook for the second half of 2026 is strong, supported by a healthy backlog and anticipated recovery in the Americas transport market.

5) Investor Angle & Missing Information
- The company is committed to a balanced capital allocation strategy, with a target deployment of $2.8 billion to $3.3 billion for the year, including share repurchases and dividends.
- There is a focus on maintaining a strong balance sheet and pursuing strategic M&A to enhance long-term returns.
- The transcript lacks specific details on the impact of the Middle East conflict on future earnings and the exact nature of the operational challenges faced in EMEA.

Bottom line: Trane Technologies is well-positioned for continued growth in 2026, with strong bookings and a robust backlog, despite some regional challenges. The raised guidance reflects confidence in operational execution and market demand, making it an attractive proposition for shareholders.

Annual Reports, Presentations And IR Contacts

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Trane Technologies plc — Financial Overview, Stock Price, Market Cap

Trane Technologies plc is a company. Founded in 1885. As of August 14, 2026, the company's market capitalization is $105102874287 with a current stock price of $477.69.