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

Trane Technologies (NYSE:TT) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 14.650-14.850 for the period, compared to the consensus EPS 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 Stock Performance

Shares of NYSE:TT opened at $420.34 on Friday. The business has a fifty day moving average of $396.23 and a 200-day moving average of $414.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.25. Trane Technologies has a twelve month low of $298.15 and a twelve month high of $476.18. The firm has a market cap of $93.21 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. On average, equities research analysts predict that Trane Technologies will post 12.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TT has been the subject of a number of research reports. UBS Group lowered their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday, January 5th. Morgan Stanley lowered their target price on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Monday, December 15th. JPMorgan Chase & Co. raised their price target on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $484.67.

Trane Technologies News Roundup

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q4 results: TT reported better-than-expected Q4 revenue and adjusted EPS, highlighted record bookings and a growing backlog that management says provides strong visibility into 2026. This is the main fundamental driver behind today’s bullish analyst moves. BusinessWire: Q4 Results
• Positive Sentiment: Citigroup raised its price target to $525 with a Buy rating (largest implied upside among brokers noted), signalling strong buy-side conviction following the quarter. Benzinga: Citi PT Raise
• Positive Sentiment: Barclays lifted its target to $507 and kept an Overweight call, another bullish endorsement supporting upside potential. Benzinga: Barclays PT Raise
• Positive Sentiment: Oppenheimer bumped its target to $468 and maintained an Outperform view, reinforcing the upgrade momentum from sell‑side analysts. Benzinga: Oppenheimer PT Raise
• Neutral Sentiment: Guidance: TT updated FY‑2026 guidance to EPS 14.65–14.85 (roughly in line with consensus) and raised revenue guidance to ~$23.1–23.4B (slightly above consensus) — supportive but not a large surprise. TT FY2026 Guidance
• Neutral Sentiment: RBC raised its target to $470 but kept a “sector perform” rating — a modest endorsement that’s positive for price targets but not a clear buy signal. Benzinga: RBC PT Raise
• Neutral Sentiment: JPMorgan increased its target to $460 but kept a Neutral rating, signaling respect for the quarter without upgrading conviction. Benzinga: JPM PT Raise
• Negative Sentiment: Wells Fargo moved its target to $400 and retained an Underweight call, the notable bearish voice among brokers and a likely contributor to intraday selling pressure. Benzinga: Wells Fargo Call

Institutional Trading of Trane Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. JPL Wealth Management LLC bought a new position in Trane Technologies during the 3rd quarter worth approximately $32,000. Johnson Financial Group Inc. bought a new position in shares of Trane Technologies during the third quarter worth $57,000. Sunbelt Securities Inc. grew its holdings in shares of Trane Technologies by 29.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 275 shares of the company’s stock valued at $116,000 after buying an additional 62 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Trane Technologies by 14.5% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 315 shares of the company’s stock valued at $133,000 after buying an additional 40 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in Trane Technologies during the 2nd quarter worth $227,000. 82.97% of the stock is owned by 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.