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

Trane Technologies (NYSE:TT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 15.200-15.300 for the period, compared to the consensus estimate of 14.900. The company issued revenue guidance of $23.8 billion-$23.8 billion, compared to the consensus revenue estimate of $23.4 billion.

Trane Technologies Stock Performance

Shares of TT stock opened at $446.90 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. The stock has a market cap of $98.79 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. The stock has a 50-day moving average of $470.96 and a 200-day moving average of $452.15. Trane Technologies has a one year low of $348.06 and a one year high of $505.87.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, sell-side analysts expect that Trane Technologies will post 14.89 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is currently 32.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. Evercore initiated coverage on shares of Trane Technologies in a research report on Monday, April 13th. They set an “outperform” rating and a $535.00 price target on the stock. BNP Paribas Exane assumed coverage on Trane Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $550.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Citigroup increased their price objective on Trane Technologies from $525.00 to $570.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $516.67.

Hedge Funds Weigh In On Trane Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after buying an additional 2,323 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Trane Technologies by 22.4% during the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of Trane Technologies in the second quarter worth $227,000. Nebula Research & Development LLC increased its holdings in Trane Technologies by 178.0% in the second quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock valued at $1,037,000 after purchasing an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Trane Technologies by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock worth $45,552,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Company Profile

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.