TT Stock - Trane Technologies plc
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $19.84B | $17.68B | $15.99B | $14.14B | $12.45B |
| Gross Profit | $7.08B | $5.86B | $4.96B | $4.47B | $3.80B |
| Gross Margin | 35.7% | 33.1% | 31.0% | 31.6% | 30.5% |
| Operating Income | $3.50B | $2.89B | $2.42B | $2.02B | $1.53B |
| Net Income | $2.57B | $2.02B | $1.76B | $1.42B | $854.90M |
| Net Margin | 12.9% | 11.4% | 11.0% | 10.1% | 6.9% |
| EPS | $11.44 | $8.85 | $7.55 | $5.96 | $3.56 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 15th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $500 |
| November 13th 2025 | BofA Securities | Upgrade | Buy | $550 |
| August 1st 2025 | Northcoast | Downgrade | Neutral | - |
| July 31st 2025 | HSBC Securities | Downgrade | Hold | $460 |
| May 1st 2025 | Stephens | Upgrade | Overweight | $475 |
| April 25th 2025 | HSBC Securities | Upgrade | Buy | $415 |
| January 28th 2025 | Melius | Downgrade | Hold | $398 |
| November 22nd 2024 | Northcoast | Initiation | Buy | $500 |
| November 13th 2024 | UBS | Resumed | Buy | $500← $375 |
| October 31st 2024 | HSBC Securities | Downgrade | Hold | $405 |
| September 6th 2024 | Morgan Stanley | Initiation | Overweight | $425 |
| October 6th 2023 | JP Morgan | Upgrade | Neutral | $191 |
| October 5th 2023 | BofA Securities | Upgrade | Neutral | $210← $187 |
| September 15th 2023 | HSBC Securities | Initiation | Buy | $256 |
| March 28th 2023 | Oppenheimer | Initiation | Perform | - |
Earnings History & Surprises
TTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Jan 29, 2026 | $2.82 | — | — | — |
Q4 2025 | Oct 30, 2025 | $3.80 | $3.88 | +2.1% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $3.79 | $3.88 | +2.4% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $2.20 | $2.45 | +11.4% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $2.52 | $2.61 | +3.6% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $3.25 | $3.37 | +3.7% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $3.08 | $3.30 | +7.1% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $1.65 | $1.94 | +17.6% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $2.13 | $2.17 | +1.9% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $2.66 | $2.79 | +4.9% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $2.56 | $2.68 | +4.7% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $1.34 | $1.41 | +5.2% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $1.64 | $1.82 | +11.0% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $2.12 | $2.27 | +7.1% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $2.10 | $2.16 | +2.9% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.99 | $1.12 | +13.1% | ✓ BEAT |
Q1 2022 | Jan 31, 2022 | $1.31 | $1.36 | +3.8% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $1.84 | $1.80 | -2.2% | ✗ MISS |
Q3 2021 | Aug 4, 2021 | $1.90 | $1.92 | +1.1% | ✓ BEAT |
Q2 2021 | May 5, 2021 | $0.62 | $1.01 | +62.9% | ✓ BEAT |
Latest News
Wells Fargo Maintains Underweight on Trane Technologies, Lowers Price Target to $375
📉 NegativeKeybanc Upgrades Trane Technologies to Overweight, Announces $500 Price Target
📈 PositiveTrane Technologies To Acquire The Stellar Energy Digital Business, Terms Not Disclosed
📈 PositiveTrane Technologies And Amazon Announce AI-Powered Decarbonization Results With BrainBox AI And AWS Collaboration
📈 PositiveTT stock has given up its prior gain. Trane Technologies shares were trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $490 to $550.
➖ NeutralTrane Technologies shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $490 to $550.
📈 PositiveB of A Securities Upgrades Trane Technologies to Buy, Raises Price Target to $550
📈 PositiveBarclays Maintains Overweight on Trane Technologies, Raises Price Target to $495
📈 PositiveCitigroup Maintains Buy on Trane Technologies, Raises Price Target to $513
📈 PositiveRBC Capital Maintains Sector Perform on Trane Technologies, Raises Price Target to $469
📈 PositiveCNBC Halftime Report Final Trades: Cisco Systems. Quanta Services, Trane Technologies
➖ NeutralTrane Technologies Widens FY2025 Adj EPS Guidance from $13.05 to $12.95-$13.05 vs $13.00 Est; Lowers FY2025 Sales Guidance from $21.623B to $21.227B vs $21.466B Est
📉 NegativeTrane Technologies Lowers FY2025 GAAP EPS Guidance from $13.30 to $13.15-$13.25 vs $13.17 Est
📉 NegativeTrane Technologies Q3 Adj. EPS $3.88 Beats $3.78 Estimate, Sales $5.743B Miss $5.787B Estimate
➖ NeutralJP Morgan Maintains Neutral on Trane Technologies, Raises Price Target to $434
➖ NeutralWells Fargo Maintains Underweight on Trane Technologies, Raises Price Target to $415
📈 PositiveCitigroup Maintains Buy on Trane Technologies, Lowers Price Target to $494
📈 PositiveBarclays Maintains Overweight on Trane Technologies, Lowers Price Target to $485
➖ NeutralShares of companies within the broader industrial sector are trading lower amid ongoing market uncertainty.
📉 NegativeFrequently Asked Questions about TT
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