Trane Technologies plc (TT) Stock Price & Analysis
Trane Technologies plc (TT) is trading at USD 447.71, down 0.24% today, as of October 23, 2026 at 16:40 UTC (US market open; quotes may be delayed), according to Nexqual market data.
TT last closed at USD 448.8; today's session has ranged USD 436.99–448.18 on volume of 504,700 shares. Market capitalization is $98.51B, with a 52-week range of USD 348.06–505.87 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:40 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TT.md
Key facts (TT)
- Last four reported quarters (through Jun 30, 2026): revenue $22.2B, net income $2.95B (13.3% margin), free cash flow $3.55B (SEC filings).
- Valuation: P/E 33.4x (avg 30.2x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold TT (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $50.1M; 1 not under a Rule 10b5-1 plan ($68K); 3 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $172K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.31 on a 1–5 scale) (26 analysts), mean target USD 529.12 (range 422–575).
- Total return with dividends: 1Y +8.4% vs S&P 500 +14.6%; 5Y +162.9% vs S&P 500 +77.3%.
- Next earnings: 2026-10-29, EPS estimate USD 4.73, revenue estimate $6.50B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $14.1B | $16.0B | $17.7B | $19.8B | $21.3B | $22.2B |
| Operating income | $2.02B | $2.42B | $2.89B | $3.50B | $3.97B | $3.98B |
| Net income | $1.42B | $1.76B | $2.02B | $2.57B | $2.92B | $2.95B |
| EPS (diluted) | $5.87 | $7.48 | $8.77 | $11.24 | $12.98 | — |
| Free cash flow | $1.37B | $1.21B | $2.09B | $2.77B | $2.81B | $3.55B |
| Operating margin | 14.3% | 15.1% | 16.4% | 17.6% | 18.6% | 17.9% |
| Net margin | 10.1% | 11.0% | 11.4% | 12.9% | 13.7% | 13.3% |
| Revenue growth | +13.5% | +13.1% | +10.5% | +12.2% | +7.5% | — |
| Cash + short-term investments | $2.16B | $1.22B | $1.10B | $1.59B | $1.76B | — |
| Total debt | $4.84B | $4.84B | $4.78B | $4.77B | $4.62B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TT)
P/E 33.4x · P/S 4.4x · P/FCF 27.8x · P/B 11.4x · FCF yield 3.60% · Earnings yield 2.99% · Dividend yield (paid, TTM) 0.89% · Buyback yield (TTM) 1.38%
P/E at fiscal year-ends: Dec 2025 30.0x, Dec 2024 32.9x, Dec 2023 27.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (TT)
1 of 80 tracked investors hold TT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | <0.01% | $493K | Reduced -8.5% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TT)
4 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-06 | Regnery David S | Chair and CEO | 48,091 | $23.1M | 28.4% | Yes (adopted May 4, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-05 | Regnery David S | Chair and CEO | 43,778 | $20.8M | 26.5% | Yes (adopted May 4, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-04 | Schaeffer Melissa N. | Director | 145 | $68K | 6.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Simmons Donald E. | Group President, Americas | 4,593 | $2.3M | 24.6% | Yes (adopted August 5, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-08 | Kuehn Christopher J | Executive Vice President & CFO | 8,619 | $3.9M | 12.5% | Yes (adopted October 31, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (TT)
1 purchase, $172K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-03-05 | Hayes John A | Director | 400 | $172K | 430.44 | Too little history (no open-market trades in 2023–2025) |
Analysts (TT)
Consensus Buy (mean 2.31 on a 1–5 scale), 26 analysts; mean target USD 529.12 (low 422, high 575).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Mizuho | Target raised | Neutral | $475 → $485 |
| 2026-10-14 | Goldman Sachs | Upgrade | Neutral → Buy | $548 → $565 |
| 2026-10-14 | RBC Capital | Target raised | Sector Perform | $496 → $502 |
| 2026-09-25 | Wells Fargo | Initiated | Overweight | $536 |
| 2026-08-14 | Bernstein | Target raised | Outperform | $555 → $575 |
| 2026-07-31 | RBC Capital | Target lowered | Sector Perform | $501 → $496 |
| 2026-07-31 | Citigroup | Target lowered | Buy | $570 → $566 |
Total return (dividends reinvested) (TT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +8.4% | +162.9% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +8.4% | +21.4% |
| Volatility (annualized) | 29.0% | 27.7% |
| Max drawdown | -16.1% (Oct 2025→Jan 2026) | -39.8% (Dec 2021→Jun 2022) |
TT revenue by product line (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product | $13.98B | 65.6% | +5.0% |
| Service | $7.34B | 34.4% | +12.5% |
| Total revenue | $21.32B | 100% | — |
TT revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $5.27B | 83.0% | +12.3% |
| EMEA | $697.6M | 11.0% | -1.5% |
| Asia Pacific | $384.6M | 6.1% | +11.1% |
| Total revenue | $6.35B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.73 | $4.59 | +3.0% | $6.50B | 20 |
| Next quarter (ends Dec 2026) | $3.62 | $3.42 | +5.8% | $5.96B | 17 |
| Current fiscal year (ends Dec 2026) | $15.28 | $14.90 | +2.5% | $23.77B | 25 |
| Next fiscal year (ends Dec 2027) | $17.66 | $17.08 | +3.3% | $26.10B | 25 |
Key Statistics (as of October 23, 2026 at 16:40 UTC)
| Price | USD 447.71 |
|---|---|
| Change | ▼ 0.24% (down) |
| Previous Close | USD 448.8 |
| Open | USD 444.26 |
| Day Range | USD 436.99 – 448.18 |
| 52-Week Range | USD 348.06 – 505.87 |
| Volume | 504,700 shares |
| Market Cap | $98.51B |
| Exchange | NYQ |
Technical Analysis (TT)
Nexqual's technical model rates TT "SELL" based on 1 bullish and 4 bearish signals across 128 daily candles, as of October 23, 2026 at 16:40 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 42.8 (neutral) |
| vs SMA50 | Below (USD 452.97) |
| MACD | 1.48 (positive) |
Analyst Ratings (TT)
Wall Street analysts rate TT "Buy" based on 26 analysts, with a mean price target of USD 529.12 (range USD 422–575), per Nexqual as of October 23, 2026 at 16:40 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 26 |
| Mean Target | USD 529.12 |
| High Target | USD 575 |
| Low Target | USD 422 |
| Buy / Hold / Sell | 17 / 8 / 1 |
Earnings (TT)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 4.73 |
| Revenue Estimate | $6.50B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 4.31 vs est 4.26 ▲ beat |
| 2026-03-31 | USD 2.63 vs est 2.53 ▲ beat |
| 2025-12-31 | USD 2.86 vs est 2.81 ▲ beat |
| 2025-09-30 | USD 3.88 vs est 3.78 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Financials & Fundamentals (TT)
| Total Revenue | $22.21B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.60% |
| Gross Margin | +35.39% |
| Operating Margin | +19.25% |
| Profit Margin | +13.28% |
| ROE | +36.64% |
| Debt / Equity | 0.53 |
| Current Ratio | 1.07 |
| Total Cash | $1.32B |
| Total Debt | $4.62B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $3.55B (16.0% of revenue) |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Financial Health Score (TT)
Nexqual rates Trane Technologies plc's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 16:40 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 35%, operating 19% (last 12 months) |
| Balance Sheet | Solid — $1.76B cash and investments vs $4.62B debt (Dec 2025, SEC) |
| Cash Flow | Strong — FCF $3.55B (last 4 quarters to Jun 2026, SEC), 16% margin |
| Efficiency | Strong — ROE 37%, ROA 11.0% |
Ownership (TT)
| Insider Ownership | +0.27% |
|---|---|
| Institutional Ownership | +90.89% |
| Shares Outstanding | 220.02M |
| Float | 219.42M |
| Short % of Float | +1.72% |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Leadership (TT)
Trane Technologies plc is led by David S. Regnery, Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 16:40 UTC.
| Chairman of the Board & CEO | David S. Regnery |
|---|---|
| Executive VP & CFO | Christopher J. Kuehn |
| Executive VP & COO | Donald E. Simmons |
| Senior VP, Chief Technology & Sustainability Officer | Mauro J. Atalla |
| Vice President of Investor Relations | Zachary A. Nagle |
Major Backers & Investors (TT)
Notable institutional backers of Trane Technologies plc include JPMorgan, FMR, LLC, Morgan Stanley, according to Nexqual as of October 23, 2026 at 16:40 UTC.
Active Investors
| Investor | Stake |
|---|---|
| JPMorgan | 5.71% |
| FMR, LLC | 4.58% |
| Morgan Stanley | 2.46% |
| Fidelity | 1.95% |
| Franklin Resources, Inc. | 1.5% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.94% |
| Vanguard Group | 8.19% |
| State Street | 4.58% |
| Geode Capital | 2.36% |
| Nuveen | 1.37% |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
From Trane Technologies plc's Latest SEC 10-K Filing (filed 2026-02-05)
Key Strengths & Strategy (as disclosed to the SEC)
- In 2025, we spent $347.6 million on research and development, focused on product and system sustainability improvements such as increasing energy efficiency, developing products that allow for use of lower global warming potential refrigerants, reducing material content in products, and designing products for circularity.
- We are one of the leading manufacturers in the world of HVAC systems and services and transport temperature control products and services.
- Our intellectual property rights are important to our business and include numerous patents, trademarks, copyrights, trade secrets, proprietary technology, technical data, business processes, and other confidential information.
- Although in aggregate the Company's intellectual property is important to its operations, the Company does not consider any single patent, trademark, copyright, trade secret, proprietary technology, technical data, business process or any other confidential information (or any related group of any such items) to be of material importance to any segment or to the business as a whole.
Partnerships
- In 2025, we partnered with Opportunity at Work, a non-profit coalition dedicated to hiring skilled talent through alternative routes (STARs), which prioritizes skills and experience for workforce entry and removes the requirement of degrees where unnecessary.
Legal & Regulatory Risks (Item 1A, quoted)
- We and certain of our subsidiaries are currently and may in the future become involved in legal and regulatory proceedings and disputes incidental to the operation of our business or the business operations of previously-owned entities.
- The Aldrich and Murray Chapter 11 cases involve various risks and uncertainties that could have a material effect on us.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| JCI | Johnson Controls International | USD 144.57 | ▲ 1.1% |
| CARR | Carrier Global Corporation | USD 56.32 | ▼ 0.29% |
| MAS | Masco Corporation | USD 76.59 | ▼ 1.87% |
| CSL | Carlisle Companies Incorporated | USD 345.97 | ▼ 1.88% |
| LII | Lennox International, Inc. | USD 376.22 | ▼ 0.66% |
| MAIR | Madison Air Solutions Corporati | USD 22.73 | ▼ 1.52% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:40 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt