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Trane Technologies TT

US equityMarket cap rank #166Building Products & Equipment
$438.88
+$1.79 (+0.41%)
Market open · Sep 24, 2:00 pm ET
After hours $437.09 0.00%
Open$433.01
Prev close$437.09
Day range$431.00 – $442.45
Volume425.2K
Market cap$96.56B
P/E (TTM)33.2
Dividend yield0.91%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

TT at a glance

Trane Technologies (TT) is trading at $438.88, up 0.41% on the day. Its market value of $96.56B makes it the 166th largest of the 300 companies we follow.

Over the past 52 weeks it has traded between $345.62 and $504.68, so it sits 13.0% below the top of that range. Holders are ahead 9.6% over twelve months, but down 8.9% across the last three months.

On the chart it has slipped under both the 50-day ($456.47) and 200-day ($443.87) moving averages; RSI is 47, and the last 30 sessions moved at roughly 20% annualized volatility.

For the quarter ended Jun 2026 it reported $6.35B in revenue, up 10.6% from a year earlier, with $935.30M of net profit (a 13.3% margin).

Buyers are paying 33.2 times trailing earnings, 9% above its five-year average of 30.5.

9 analysts follow the stock and the average call is "buy". The mean target, $545.25, sits 24.2% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Trane Technologies: the business

Trane Technologies makes heating and cooling equipment and refrigeration systems for buildings and transport.

What tends to move it. Data-center cooling, commercial building demand and service revenue drive growth.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+0.4%
1 week
+4.1%
1 month
-2.9%
3 months
-8.9%
6 months
+2.5%
Year to date
+13.6%
1 year
+9.6%
Day range
$431.00$442.45
52-week range
$345.62$504.68

Technical signals

Full technicals →
Trend readLeaning bearish

2 bullish · 5 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average0.0%Bearish
Price vs 50-day average-3.9%Bearish
Price vs 200-day average-1.1%Bearish
50-day vs 200-day50d above 200dBullish
RSI (14)46.5Bearish
MACD (12,26,9)-7.34Bullish
Bollinger band position50%Bearish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$438.51 / $438.88
Average price today$438.06
Volume425.2KAvg (90d) 1.21M
Turnover$186.27M
Turnover rate0.19%of shares outstanding
Volume ratio0.50vs. recent average pace
Day amplitude2.62%
Market cap$96.56B
Float market cap$96.30B
Shares outstanding219.42M
EPS (TTM)$12.98
P/E (TTM)33.22
P/B11.20
Book value / share$39.19
Earnings yield0.34%
Dividend (TTM)$3.98 / shareYield 0.91%
Net profit (TTM)$2.86B
Net assets$8.62B
30-day volatility19.7%annualized
Avg daily range (ATR)2.28%of price, 14 days
Max drawdown (1y)-16.0%-12.6% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How TT ranks on BeStock

Market value#166 of 300
P/E (cheapest = 1)#185 of 283
Dividend yield#182 of 244
Closeness to 52-week high#140 of 300
Dollar volume today#189 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026

Revenue$6.35B+10.6% YoY
Operating profit$1.22B+5.2% YoY
Net profit$935.30M+6.4% YoY
Diluted EPS$4.16+6.9% YoY
Free cash flow$1.01B+67.9% YoY
Operating cash flow$1.09B

Revenue, last 8 quarters

$5.4BSep '24$4.9BDec '24$4.7BMar '25$5.7BJun '25$5.7BSep '25$5.1BDec '25$5.0BMar '26$6.4BJun '26

Net profit, last 8 quarters

$777.9MSep '24$611.9MDec '24$609.1MMar '25$878.9MJun '25$850.8MSep '25$596.9MDec '25$589.5MMar '26$935.3MJun '26

Profitability & balance sheet

Gross margin35.4%
Operating margin17.9%
Net margin13.3%
Return on equity35.8%
Return on assets13.1%
Return on invested capital24.3%
Current ratio1.07
Liabilities / assets63.9%
Cash & investments$1.32B
Total debt$4.62B
Net cash (debt)-$3.30B
Free cash flow / sales16.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Equipment$4.28B 67.4%
  • Services$2.07B 32.6%
Average move on report day±4.9%last 16 reports
Closed higher12 of 1675% of the time
Best reaction+12.2%
Worst reaction-8.4%

Stock move on the day after each report

-3.9%2024/Q3+0.6%2024/Q4+8.5%2025/Q1-8.4%2025/Q2+4.4%2025/Q3+8.1%2025/Q4+2.7%2026/Q1-1.5%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings32.0x
CheapRich

Around its usual level · 53rd percentile, 5-year average 30.5x

#2152 of 2974 stocks by PE (1 = cheapest)

Price / book10.8x
CheapRich

Above its usual level · 62nd percentile, 5-year average 9.1x

#4875 of 5302 stocks by PB (1 = cheapest)

Price / sales4.2x
CheapRich

Above its usual level · 66th percentile, 5-year average 3.6x

#3605 of 5141 stocks by PS (1 = cheapest)

P/E over five years

20x27x34x41xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$422.00
Price vs. fair value+4.0%Close to the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyMedium

Analyst view

All ratings →
ConsensusBuy
Analysts9
Average target$545.25+24.2% vs. price
  • Buy 78%
  • Hold 22%
Low $496.00Now $438.88Avg $545.25High $575.00

Latest rating actions

  • 3 Sep 2026BernsteinBUY · PT $575.00
  • 2 Sep 2026Morgan StanleyBUY · PT $565.00
  • 20 Aug 2026BernsteinBUY · PT $575.00
  • 14 Aug 2026BernsteinBUY · PT $575.00
  • 13 Aug 2026BernsteinBUY · PT $555.00

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership90.0%-0.03 pts vs. prior quarter
Institutions holding2,168-9 vs. prior quarter
Insider trades (recent)11 buys / 14 sellsNet selling
Short interest1.36% of floatDays to cover 3.1 · as of 31 Aug 2026
Short-sale volume share15.0%5-day average of daily volume

Short-sale volume as % of daily volume

10%13%16%20%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$80.55M (5 inflow days, 15 outflow days).

Dividends

Dividend yield (TTM)0.91%
Last dividend$1.05Ex-date 4 Sep 2026
Next-to-last$1.05
Payments on file28

Dividends paid per share, by year

2.1220202.3620212.6820223.0020233.3620243.762025

Across the full calendar years shown, the annual payout grew by roughly 12.1% a year.

Latest headlines

More news →
  • Bernstein Maintains Trane Technologies(TT.US) With Buy Rating, Maintains Target Price $575Market news · 3 Sep 2026
  • Morgan Stanley Maintains Trane Technologies(TT.US) With Buy Rating, Maintains Target Price $565Market news · 2 Sep 2026

TT stock: common questions

What is TT's latest share price?

$438.88 is the latest print for TT, a move of +0.41% against yesterday's close of $437.09. Today's low and high so far: $431.00 and $442.45.

How large is Trane Technologies by market value?

Equity value comes to $96.56B at the current price. By that measure it is number 166 of the 300 names in our coverage.

How is Trane Technologies valued against its profits?

Buyers pay 33.2 times the last twelve months of profit (EPS $12.98). Averaged over five years the multiple has been 30.5, and today's level ranks in the 53rd percentile of its own history.

Where does TT sit in its 52-week range?

The year's floor is $345.62 and the ceiling $504.68. Shares are 13.0% away from that ceiling.

Does TT send cash back through a dividend?

It does. Payouts over the past twelve months work out to a 0.91% yield; the latest ex-dividend date was September 4, 2026.

What is the analyst view on Trane Technologies?

Of 9 analysts, 78% say buy, 22% hold and 0% sell. Price targets average $545.25, with the most cautious at $496.00 and the most optimistic at $575.00.

What does Trane Technologies do?

Trane Technologies makes heating and cooling equipment and refrigeration systems for buildings and transport.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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