Trane Technologies (TT) Stock Price

Trane Technologies Price

NYSE·CLOSED
452.88USD-5.36 (-1.18 %)
Market closed

Over the last 19 years Trane Technologies grew revenue by 3.3% annually, reaching 21.32 B USD. Earnings per share have grown at 7.5% per year over the last 19 years. For Trane Technologies, the net margin of 13.7% is up versus 10.1% a few years ago. At today's price the dividend yield works out to roughly 0.83%. The payout ratio is around 29% of earnings. The dividend has grown at 9.4% per year over the past 19 years. The consensus 12-month price target for Trane Technologies is 479.40 USD, about 5.9% above where the stock trades today. Of 33 analysts, 18 rate the stock a buy — an overall Buy consensus. Trane Technologies's share price has gained 6.2% over the last twelve months. The stock trades about 20% above its 52-week low.

Trane Technologies stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Trane Technologies over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Trane Technologies stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Trane Technologies's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Trane Technologies Stock Price History
DateTrane Technologies Price
8/20/2026452.88 USD
8/19/2026458.24 USD
8/18/2026462.92 USD
8/14/2026480.20 USD
8/13/2026477.69 USD
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11/20/2025400.06 USD
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10/22/2025408.50 USD
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10/15/2025422.45 USD
10/14/2025424.04 USD
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10/10/2025417.58 USD
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10/7/2025423.11 USD
10/6/2025424.77 USD
10/3/2025424.10 USD
10/2/2025423.53 USD
10/1/2025425.41 USD
9/30/2025421.96 USD
9/29/2025414.38 USD
9/28/2025414.38 USD
9/25/2025415.23 USD
9/24/2025406.40 USD
9/23/2025405.16 USD
9/22/2025407.63 USD
9/19/2025406.59 USD
9/18/2025402.49 USD
9/17/2025398.96 USD
9/16/2025400.00 USD
9/15/2025402.44 USD
9/12/2025400.78 USD
9/11/2025414.88 USD
9/10/2025417.32 USD
9/9/2025409.91 USD
9/8/2025414.93 USD
9/5/2025413.84 USD
9/4/2025413.15 USD
9/3/2025408.31 USD
9/2/2025410.93 USD
8/29/2025413.83 USD
8/28/2025424.50 USD
8/27/2025424.19 USD
8/26/2025426.19 USD
8/25/2025419.63 USD
8/22/2025425.42 USD
8/21/2025422.27 USD
8/20/2025426.30 USD
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Trane Technologies Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
17.68 B USD
2.89 B USD
2.02 B USD
Jan 1, 2024
19.84 B USD
3.50 B USD
2.57 B USD
Jan 1, 2025
21.32 B USD
3.97 B USD
2.92 B USD
Jan 1, 2026 (e)
23.73 B USD
5.45 B USD
3.37 B USD
Jan 1, 2027 (e)
25.83 B USD
5.92 B USD
3.87 B USD
Jan 1, 2028 (e)
27.67 B USD
6.45 B USD
4.35 B USD
Jan 1, 2029 (e)
30.43 B USD
7.09 B USD
5.08 B USD
Jan 1, 2030 (e)
33.80 B USD
7.88 B USD
5.89 B USD

Trane Technologies Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 20, 2026, 8:17 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
13.3013.5114.2012.3413.0812.4514.1415.9917.6819.8421.3223.7325.8327.6730.4333.80
3.171.565.10-13.065.93-4.7513.5113.1210.5412.227.4811.318.847.109.9811.07
30.0731.1030.8930.4730.8030.5431.6131.0433.1335.6936.1636.1636.1636.1636.1636.16
4.004.204.393.764.033.804.474.965.867.087.718.589.3410.0011.0012.22
1.461.961.671.511.671.532.022.422.893.503.975.455.926.457.097.88
10.9614.5211.7312.2512.7712.3014.3115.1216.3717.6418.6122.9822.9323.3123.3123.31
0.661.481.301.341.410.851.421.762.022.572.923.373.874.355.085.89
-28.68122.29-11.792.695.46-39.4366.6323.4015.2126.8913.6715.5914.6212.6016.5915.96
1.161.361.701.962.122.122.362.683.003.363.764.204.715.28––
16.0017.2425.0015.298.16–11.3213.5611.9412.0011.9011.7012.1412.10––
265.20262.60253.90247.70242.90244.30240.70232.40229.90227.30223.60223.60223.60223.60223.60223.60
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Trane Technologies generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Trane Technologies retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Trane Technologies's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Trane Technologies has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Trane Technologies's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Trane Technologies stock margins

The Trane Technologies margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Trane Technologies. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Trane Technologies.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
31.62 %
14.31 %
10.07 %
Jan 1, 2022
31.05 %
15.13 %
10.98 %
Jan 1, 2023
33.13 %
16.37 %
11.45 %
Jan 1, 2024
35.69 %
17.64 %
12.94 %
Jan 1, 2025
36.16 %
18.61 %
13.69 %
Jan 1, 2026 (e)
36.16 %
22.98 %
14.22 %
Jan 1, 2027 (e)
36.16 %
22.94 %
14.97 %
Jan 1, 2028 (e)
36.16 %
23.31 %
15.74 %

Trane Technologies Stock Revenue, EBIT, Earnings per Share

The Trane Technologies earnings per share therefore indicates how much revenue Trane Technologies has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
58.73 USD
8.41 USD
5.91 USD
Jan 1, 2022
68.81 USD
10.41 USD
7.56 USD
Jan 1, 2023
76.89 USD
12.59 USD
8.80 USD
Jan 1, 2024
87.28 USD
15.40 USD
11.30 USD
Jan 1, 2025
95.36 USD
17.74 USD
13.05 USD
Jan 1, 2026 (e)
107.23 USD
24.39 USD
15.24 USD
Jan 1, 2027 (e)
116.71 USD
26.50 USD
17.47 USD
Jan 1, 2028 (e)
125.00 USD
28.84 USD
19.67 USD

Trane Technologies business model & stock analysis

Trane Technologies is a global company operating in the air and energy technology industry. Headquartered in Dublin, Ireland, the company is listed on the New York Stock Exchange and employs approximately 36,000 employees worldwide. Trane's history dates back to its founder James Trane, who started a small plumbing and heating business in La Crosse, Wisconsin in 1885. In 1913, the company developed the first air conditioning system for retail and began manufacturing refrigeration systems. Over the following decades, the company expanded its activities in the heating and air conditioning industry. In 1984, Trane merged with American Standard, another company operating in the air and energy technology sector. In 2008, the company was renamed Trane Inc. and joined the Irish company Ingersoll Rand in 2013. In April 2020, the company was renamed Trane Technologies. Trane Technologies' business model is based on the development and manufacture of technologies that contribute to sustainability. The company offers products and services in the areas of air conditioning and refrigeration, heating and heat exchange, as well as air purification and ventilation. Trane's goal is to improve the energy efficiency of buildings and facilities, thereby reducing CO2 emissions and promoting sustainability. The company has five business segments: Residential HVAC, Commercial HVAC, Transport Refrigeration, Power Solutions, and Aftermarket Services. In the Residential HVAC segment, Trane Technologies offers heating and air conditioning systems for private households. The product range includes air conditioners, heat pumps, and humidifiers. In the Commercial HVAC segment, the company develops and manufactures heating, ventilation, air conditioning, and building management systems for businesses and public institutions. This includes energy monitoring, air conditioning, and lighting systems. The Transport Refrigeration segment develops and manufactures cooling systems for freight transportation. This includes refrigerated trailers, containers, and air cooling devices. Power Solutions offers power generation and storage technologies. The portfolio includes batteries and inverters for solar systems, among other products. The Aftermarket Services segment includes service and spare parts for Trane Technologies' products and third-party products. The offering includes maintenance contracts, repairs, consulting, and training. Among Trane Technologies' most innovative products are the EcoWise climate and refrigerant systems, which use environmentally friendly refrigerants. These systems can help reduce CO2 emissions and energy consumption by up to 50%. Additionally, the company offers special IAQ (Indoor Air Quality) systems that enable air purification and disinfection in indoor spaces. As a result, air quality can be improved, and the risk of illnesses can be reduced. Trane Technologies is an innovative company focusing on sustainability. With a wide range of products and services, the company addresses the challenges of climate change and strives for resource-efficient energy use.

Trane Technologies SWOT Analysis

Strengths

  • Strong market position: Trane Technologies PLC is a leading provider of heating, ventilation, and air conditioning (HVAC) solutions, with a significant market share and a global presence.
  • Technological expertise: The company has a strong reputation for innovative HVAC technologies, allowing them to offer cutting-edge products and solutions to customers.
  • Sustainable offerings: Trane Technologies PLC is committed to environmental sustainability, offering energy-efficient and eco-friendly solutions that align with growing market demand for greener alternatives.

Weaknesses

  • Dependence on economic conditions: The company's revenue is closely tied to economic conditions, as customers' willingness to invest in HVAC solutions fluctuates with economic cycles.
  • High competition: Trane Technologies PLC operates in a highly competitive industry with several well-established competitors, both global and local.
  • Exposure to raw material price fluctuations: The cost of key raw materials, such as steel and copper, can impact the company's profitability and margins.

Opportunities

  • Growing demand for energy-efficient solutions: Increasing environmental awareness and regulatory initiatives create opportunities for Trane Technologies PLC to capitalize on the rising demand for energy-efficient HVAC systems.
  • Expansion into emerging markets: The company can explore untapped markets in developing countries, where rising urbanization and disposable incomes drive the need for reliable and efficient HVAC solutions.
  • Technological advancements: Continuous technological advancements present opportunities for Trane Technologies PLC to develop advanced HVAC systems, offering enhanced performance and features.

Threats

  • Economic uncertainty: Global economic downturns or recessions can impact customer spending on HVAC solutions, potentially leading to decreased demand and lower revenues for the company.
  • Intense competition: The HVAC industry is highly competitive, with rival companies constantly striving to innovate and capture market share.
  • Regulatory changes: Changes in environmental regulations or energy efficiency standards can affect the demand for certain HVAC technologies and require Trane Technologies PLC to adapt its product offering.

Trane Technologies Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Trane Technologies Employees
Details
Date
Trane Technologies Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Trane Technologies Segments

Trane Technologies Revenue by Segment (1/5)

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Details
Date
Product
Service
Equipment Sales
Services And Parts
Jan 1, 2012
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2013
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2014
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2015
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Trane Technologies Revenue by Segment (2/5)

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Details
Date
Product
Service
Jan 1, 2012
0.00 USD
0.00 USD
Jan 1, 2013
0.00 USD
0.00 USD
Jan 1, 2014
0.00 USD
0.00 USD
Jan 1, 2015
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD

Trane Technologies Revenue by Segment (3/5)

  • 3 Years

  • 5 Years

  • Max

Equipment Sales
Services And Parts
Details
Date
Equipment Sales
Services And Parts
Jan 1, 2012
0.00 USD
0.00 USD
Jan 1, 2013
0.00 USD
0.00 USD
Jan 1, 2014
0.00 USD
0.00 USD
Jan 1, 2015
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
Jan 1, 2019
2.17 B USD
1.35 B USD

Trane Technologies Revenue by Segment (4/5)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Climate Solutions
Climate
Industrial Technologies
Industrial
Details
Date
Climate Solutions
Climate
Industrial Technologies
Industrial
Residential Solutions
Security Technologies
Jan 1, 2012
7.41 B USD
0.00 USD
2.95 B USD
0.00 USD
2.05 B USD
1.63 B USD
Jan 1, 2013
0.00 USD
9.41 B USD
0.00 USD
2.94 B USD
0.00 USD
0.00 USD
Jan 1, 2014
0.00 USD
9.88 B USD
0.00 USD
3.01 B USD
0.00 USD
0.00 USD
Jan 1, 2015
10.22 B USD
0.00 USD
3.08 B USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2016
10.55 B USD
0.00 USD
2.96 B USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
11.17 B USD
0.00 USD
3.03 B USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Trane Technologies Revenue by Segment (5/5)

  • 3 Years

  • 5 Years

  • Max

Climate Solutions
Industrial Technologies
Details
Date
Climate Solutions
Industrial Technologies
Jan 1, 2012
0.00 USD
0.00 USD
Jan 1, 2013
0.00 USD
0.00 USD
Jan 1, 2014
0.00 USD
0.00 USD
Jan 1, 2015
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
Jan 1, 2018
12.34 B USD
3.32 B USD
Jan 1, 2019
13.08 B USD
3.52 B USD

Trane Technologies Revenue by Region

  • 3 Years

  • 5 Years

  • Max

Americas
EMEA
United States
Non United States
Asia Pacific
Details
Date
Americas
EMEA
United States
Non United States
Asia Pacific
Jan 1, 2019
0.00 USD
0.00 USD
1.81 B USD
1.71 B USD
0.00 USD
Jan 1, 2020
9.69 B USD
1.65 B USD
0.00 USD
0.00 USD
1.12 B USD
Jan 1, 2021
10.96 B USD
1.94 B USD
0.00 USD
0.00 USD
1.23 B USD
Jan 1, 2022
12.64 B USD
2.03 B USD
0.00 USD
0.00 USD
1.32 B USD
Jan 1, 2023
13.83 B USD
2.40 B USD
0.00 USD
0.00 USD
1.44 B USD
Jan 1, 2024
15.90 B USD
2.56 B USD
0.00 USD
0.00 USD
1.38 B USD
Jan 1, 2025
17.17 B USD
2.80 B USD
0.00 USD
0.00 USD
1.35 B USD

Trane Technologies Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Trane Technologies historical P/E ratio, EBIT multiple, and P/S ratio

Trane Technologies annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Trane Technologies shares outstanding

The number of shares of Trane Technologies was 223.6 M in 2025. This indicates how many shares Trane Technologies is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
240.70 M Stocks
Jan 1, 2022
232.40 M Stocks
Jan 1, 2023
229.90 M Stocks
Jan 1, 2024
227.30 M Stocks
Jan 1, 2025
223.60 M Stocks
Jan 1, 2026 (e)
223.60 M Stocks
Jan 1, 2027 (e)
223.60 M Stocks
Jan 1, 2028 (e)
223.60 M Stocks

Trane Technologies stock splits

In Trane Technologies's history, there have been no stock splits.

Trane Technologies Dividend History

37 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20262.10USDYTD—2×
Mar 6, 20261.05USD↑ 11.7%1/2
Jun 5, 20261.05USD 0.0%2/2
20253.76USD↑ 11.9%4×
Mar 7, 20250.94USD↑ 11.9%1/4
Jun 6, 20250.94USD 0.0%2/4
Sep 5, 20250.94USD 0.0%3/4
Dec 5, 20250.94USD 0.0%4/4
20243.36USD↑ 12.0%4×
20233.00USD↑ 11.9%4×
20222.68USD↑ 13.6%4×
20212.36USD↑ 11.3%4×
20202.12USD 0.0%4×
20192.12USD↑ 8.2%4×
20181.96USD↑ 15.3%4×
20171.70USD↑ 25.0%4×

Trane Technologies dividend history and estimates

In 2025, Trane Technologies paid a dividend amounting to 3.76 USD. Dividend means that Trane Technologies distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
2.36 USD
0.00 USD
Jan 1, 2022
2.68 USD
0.00 USD
Jan 1, 2023
3.00 USD
0.00 USD
Jan 1, 2024
3.36 USD
0.00 USD
Jan 1, 2025
3.76 USD
0.00 USD
Jan 1, 2026 (e)
2.10 USD
2.10 USD
Jan 1, 2027 (e)
0.00 USD
4.71 USD
Jan 1, 2028 (e)
0.00 USD
5.28 USD

Trane Technologies dividend payout ratio

In 2025, Trane Technologies had a payout ratio of 28.81%. The payout ratio indicates the percentage of the company's profits that Trane Technologies distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
39.91 %
Jan 1, 2022
35.46 %
Jan 1, 2023
34.08 %
Jan 1, 2024
29.74 %
Jan 1, 2025
28.81 %
Jan 1, 2026 (e)
27.55 %
Jan 1, 2027 (e)
26.96 %
Jan 1, 2028 (e)
26.85 %

Current Trane Technologies forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.95 %
Buy
54.55 % (18)
Hold
42.42 % (14)
Sell
3.03 % (1)
12M Price Target
479.40
Last Price
458.24
Currency
USD
12M Return Potential
4.62 %
LTM Return
0 %

Trane Technologies Analyst Rating Actions

DateFirmActionRatingReliability
8/14/2026
Bernstein
Bernstein
MaintainedOutperform48
7/31/2026
RBC Capital
RBC Capital
MaintainedSector Perform48
7/31/2026
Citigroup
Citigroup
MaintainedBuy41
5/14/2026
JP Morgan
JP Morgan
MaintainedNeutral62
5/1/2026
RBC Capital
RBC Capital
MaintainedSector Perform48
5/1/2026
Keybanc
Keybanc
MaintainedOverweight42
5/1/2026
Evercore ISI Group
Evercore ISI Group
MaintainedOutperform62
5/1/2026
Citigroup
Citigroup
MaintainedBuy41
5/1/2026
Barclays
Barclays
MaintainedOverweight55
4/21/2026
Keybanc
Keybanc
MaintainedOverweight42

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Trane Technologies Earnings Calls

2025

Trane Technologies Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/30/20264.39USD-6.38 BUSD-2026 Q2
4/30/20262.60USD-4.95 BUSD-2026 Q1
1/29/20262.90USD-5.24 BUSD-2025 Q4
11/2/20222.18USD-4.20 BUSD-2022 Q3
8/3/20222.16USD-4.17 BUSD-2022 Q2
5/4/20221.02USD-3.21 BUSD-2022 Q1
1/31/20221.35USD-3.59 BUSD-2021 Q4
11/3/20211.90USD-3.84 BUSD-2021 Q3
8/4/20211.96USD-3.83 BUSD-2021 Q2
5/5/20210.64USD-2.90 BUSD-2021 Q1
...

EESG©

Eulerpool ESG Scorecard© for the Trane Technologies stock

90/100
99
Environment
99
Social
73
Governance
E

Environment

20
Scope 1 - Direct Emissions206,381
Scope 2 - Indirect emissions from purchased energy125,851
Scope 3 - Indirect emissions within the value chain271,192,120
Total CO₂ emissions332,232
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees25.9
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Trane Technologies shareholder structure

% Name
9.77910%
BLACKROCK, INC.
BLACKROCK, INC.
7.56130%
JPMORGAN CHASE & CO
JPMORGAN CHASE & CO
6.49833%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.56552%
STATE STREET CORP
STATE STREET CORP
4.45770%
FMR LLC
FMR LLC
2.39586%
MORGAN STANLEY
MORGAN STANLEY
...

Trane Technologies Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.7%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
7.70%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
7.60%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
7.49%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
7.40%
JPMORGAN CHASE & CO.13-2624428
JPMORGAN CHASE & CO.13-2624428
SEC ↗
7.30%
JPMORGAN CHASE & CO.
JPMORGAN CHASE & CO.
SEC ↗
7.19%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
5.64%
Edward C. Johnson 3d
Edward C. Johnson 3d
SEC ↗
5.44%
STATE STREET CORPORATION
STATE STREET CORPORATION
SEC ↗
5.10%
FMR LLC
FMR LLC
SEC ↗
4.66%
Trian Fund Management GP, LLC
Trian Fund Management GP, LLC
SEC ↗

Trane Technologies Executives and Management Board

19 members · avg. age 59 · 47 % women

DR

Mr. David Regnery (62)

Chairman of the Board, Chief Executive Officer · since 2017

28.21 M USD

Management

CK

Mr. Christopher Kuehn (52)

Chief Financial Officer, Executive Vice President

7.33 M USD
DS

Mr. Donald Simmons (53)

Group President, Americas

4.84 M USD
RP

Mr. Raymond Pittard (59)

Executive Vice President, Chief Integrated Supply Chain Officer

2.86 M USD
MM

Ms. Mairead Magner (47)

Chief Human Resources Officer, Senior Vice President

–
MA

Mr. Mauro Atalla (56)

Senior Vice President, Chief Technology and Sustainability Officer

–
VL

Ms. Victoria Lazar (59)

Senior Vice President, General Counsel, Corporate Secretary

–

Board of Directors

ML

Mr. Myles Lee (71)

Independent Director

377,532.00 USD
JS

Mr. John Surma (70)

Lead Independent Director

375,032.00 USD
KA

Ms. Kirk Arnold (65)

Independent Director

367,532.00 USD
AB

Ms. April Miller Boise (56)

Independent Director

362,532.00 USD
AB

Ms. Ann Berzin (73)

Independent Director

357,532.00 USD
MG

Mr. Mark George (58)

Independent Director

357,532.00 USD

Trane Technologies Supply Chain

Trane Technologies Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Sensata Technologies Hldg
Supplier·Electrical Equipment·US
0.29
0.69
0.78
0.82
0.80
0.88
1.06
2
Wielton S.A.
Customer·Machinery·PL
-0.49
0.24
0.74
0.71
0.60
0.84
—
3
Watsco, Inc.
Customer·Trading Companies & Distributors·US
0.91
0.97
0.95
0.75
0.50
0.82
0.45
4
Robit Oyj
Customer·Machinery·FI
-0.49
0.54
0.90
0.81
0.81
0.80
—
5
Ameresco A
Customer·Construction & Engineering·US
-0.51
0.11
0.73
0.51
0.46
0.75
1.11
#Nameβ 1YTrend
1
Paul Mueller
Supplier·Customer·Machinery·US
-0.24
-0.02
-0.41
0.39
-0.29
—
—
2
Martinrea International Inc.
Supplier
-0.26
-0.69
0.21
0.73
0.75
—
—
3
Foundation Building Materials, Inc.
Customer·US
-0.44
-0.47
-0.14
-0.59
—
—
—
4
Coupa Software
Supplier·Software·US
0.37
0.86
0.75
0.91
0.75
-0.28
—
5
Marten Transport, Ltd.
Customer·Road & Rail·US
0.86
0.48
0.28
-0.35
-0.56
-0.22
-0.54

Frequently asked questions about Trane Technologies

The business model of Trane Technologies PLC revolves around providing sustainable solutions for air conditioning, heating, and refrigeration. With a focus on promoting energy efficiency and reducing environmental impact, Trane Technologies offers innovative HVAC systems and services to residential, commercial, and industrial customers worldwide. Trane Technologies aims to enhance indoor comfort while maximizing energy efficiency, reducing emissions, and improving air quality. Through its leading brands, such as Trane and Thermo King, the company combines advanced technologies with a commitment to sustainability, offering reliable and environmentally conscious solutions for both customer comfort and environmental responsibility.

Trane Technologies PLC is primarily active in the industries of heating, ventilation, and air conditioning (HVAC) systems, as well as commercial refrigeration and building automation.

The main competitors of Trane Technologies PLC in the market are Johnson Controls Inc., Lennox International Inc., and Carrier Global Corporation.

Trane Technologies PLC, formerly known as Ingersoll-Rand Plc, is a global climate innovation company. With a rich history dating back to 1885, Trane Technologies has been a pioneer in providing energy-efficient solutions for heating, ventilation, and air conditioning (HVAC) systems. The company's commitment to sustainability and environmental stewardship has led to numerous advancements in the industry. Today, Trane Technologies is a leading provider of HVAC systems, services, and controls, offering innovative solutions for residential, commercial, and industrial applications worldwide. It continues to leverage its expertise and technological advancements to address the increasing demand for sustainable and comfortable indoor environments.

Trane Technologies PLC has achieved several significant milestones throughout its history. The company, formerly known as Ingersoll-Rand, established itself as a global leader in climate and industrial solutions. Some notable achievements include diversifying its product portfolio with innovative energy-efficient technologies, expanding its global footprint through strategic acquisitions, and consistently delivering sustainable solutions to address climate challenges. Trane Technologies PLC has also received numerous accolades for its commitment to environmental sustainability and corporate responsibility, further solidifying its reputation as an industry leader.

Trane Technologies PLC is primarily present in various countries and regions worldwide. With a strong global footprint, the company operates across North America, Europe, Asia Pacific, Latin America, and the Middle East. Trane Technologies PLC's products and solutions are widely utilized in commercial buildings, industrial facilities, residential properties, and transportation sectors in these regions. As a leading provider of heating, ventilation, and air conditioning (HVAC) systems, as well as solutions for refrigeration and building automation, Trane Technologies PLC has established its presence and garnered a reputation for its offerings in these diverse markets.

Trane Technologies PLC represents a strong commitment to sustainability and innovation. With a focus on creating a more sustainable future for the planet, Trane Technologies adopts a corporate philosophy that prioritizes environmental stewardship and energy efficiency. The company's values revolve around providing innovative climate control solutions and services that improve indoor air quality while reducing energy consumption and greenhouse gas emissions. Trane Technologies is dedicated to driving sustainability, transformative technologies, and operational excellence in order to contribute to a healthier, more sustainable world.

Analysts currently set an average price target of 490.08 USD for the Trane Technologies stock (median: 479.40 USD), implying +6.9 % versus the latest price. The consensus is based on 33 analyst ratings.

Trane Technologies Analyst Price Targets 2026

33 analysts currently rate the Trane Technologies stock: 18 recommend buying, 14 holding and 1 selling. For 2026, analysts expect Trane Technologies to generate revenue of 23.73 B USD and earnings per share of 15.09 USD.

Trane Technologies Analyst Price Targets 2026

Converted at the current exchange rate, the Trane Technologies share trades at 388.72 EUR (452.88 USD).

The Trane Technologies share (TT) is listed on 5 stock exchanges, including: NYSE (TT), Frankfurt (2IS.F), München (2IS.MU), Düsseldorf (2IS.DU), London (0Y2S.L).

Trane Technologies PLC is a global company with the goal of creating a more sustainable world. It focuses on technologies that help protect the environment while saving energy. The company is headquartered in Ireland and operates more than 350 locations in 70 countries worldwide. The business model of Trane Technologies PLC is based on three core areas: 1. Heating, Ventilation, and Air Conditioning (HVAC) 2. Cooling 3. Building technology solutions The HVAC business segment is the largest division of the company and specializes in manufacturing heating, ventilation, and air conditioning systems. The company offers a wide range of products, including air purifiers, fans, heat pumps, air conditioners, and cooling systems. Trane Technologies PLC's products are known for their high energy efficiency and contribution to reducing energy consumption in buildings. The cooling business segment of Trane Technologies PLC caters to customers in the food and beverage industry as well as retail. The company offers cooling systems specifically designed for the refrigeration of food and beverages. These systems are energy-efficient and environmentally friendly. In the field of building technology solutions, Trane Technologies PLC provides a wide range of solutions to optimize energy consumption in buildings. This includes energy consumption system optimization, energy management, building automation and control, energy consumption measurement and management, and energy recovery. Trane Technologies PLC serves various industries such as healthcare, education, retail, commercial and residential construction, and industrial markets. Through targeted customer engagement and a strong sales strategy, the company can successfully market its products and services. Trane Technologies PLC is committed to achieving its sustainability goals and ESG (Environment, Social, and Governance) goals. To this end, the company has launched various initiatives, such as reducing carbon emissions and promoting renewable energy. Overall, Trane Technologies PLC has a strong business model based on the three core areas of heating, ventilation, and air conditioning; cooling; and building technology solutions. With its energy-efficient products and services, the company is well-positioned to assist its customers in achieving their sustainability goals.

The expected revenue of Trane Technologies is 23.73 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Trane Technologies is 3.37 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Trane Technologies is currently 30.01. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Trane Technologies stock.

The price-to-sales ratio (P/S) of Trane Technologies is currently 4.27. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Trane Technologies stock.

The Eulerpool Quality Score for Trane Technologies is 7/10.

The ISIN of Trane Technologies is IE00BK9ZQ967. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Trane Technologies is A2P09K. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Trane Technologies is TT. The ticker symbol is used to trade Trane Technologies shares on the stock exchange.

Over the past 12 months, Trane Technologies paid a dividend of 3.76 USD . This corresponds to a dividend yield of about 0.83 %. For the coming 12 months, Trane Technologies is expected to pay a dividend of 4.71 USD.

The current dividend yield of Trane Technologies is 0.83 %.

Trane Technologies pays a dividend, distributed in the months of , , , .

Trane Technologies paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 4.71 USD are expected. This corresponds to a dividend yield of 1.03 %.

Trane Technologies is assigned to the 'Industry' sector.

In the year 2025, Trane Technologies distributed 3.36 USD as dividends.

The dividends of Trane Technologies are distributed in USD.

All fundamentals and in-depth analysis of Trane Technologies

Our stock analysis for Trane Technologies stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Trane Technologies. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Trane Technologies Stock
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