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

Trane Technologies (NYSE:TT) updated its FY 2026 earnings guidance on Friday. 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 Trading Up 8.0%

Shares of TT stock opened at $425.66 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. Trane Technologies has a 1-year low of $298.15 and a 1-year high of $476.18. The stock has a market capitalization of $94.39 billion, a PE ratio of 32.74, a P/E/G ratio of 1.97 and a beta of 1.21. The business has a 50-day moving average of $396.04 and a 200 day moving average of $415.08.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TT. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. UBS Group cut their price objective on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Melius Research upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price for the company in a report on Wednesday, January 7th. Finally, Citigroup upped their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $479.73.

Key Headlines Impacting Trane Technologies

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 Trading of Trane Technologies

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC raised its position in Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after acquiring an additional 305 shares during the period. Schnieders Capital Management LLC. purchased a new position in shares of Trane Technologies during the 2nd quarter worth $227,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Trane Technologies by 14.5% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 315 shares of the company’s stock valued at $133,000 after acquiring an additional 40 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of Trane Technologies by 29.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 275 shares of the company’s stock worth $116,000 after purchasing an additional 62 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

About Trane Technologies

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.