TT Stock Analysis: Trane Technologies | NYSE
Building Products & Equipment | NYSE, USA | Market Cap: 106.803m USD | 12M Return: 12.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 693M
EPS Trend: 98.5%
Qual. Beats: 0
Rev. Trend: 99.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Trane Technologies plc (NYSE: TT) is a global manufacturer of heating, ventilation, air conditioning (HVAC), and refrigeration solutions serving residential, commercial, industrial, and transport end markets. Its portfolio spans air conditioners, chillers, heat pumps, coils, condensers, controls, building management systems, and transport and container refrigeration units, supported by installation, maintenance, rental, and digital/AI-enabled service offerings. The company operates within the Industrials sector (Building Products sub-industry) and addresses long-term demand drivers such as building decarbonization, energy efficiency, indoor air quality, and data center cooling.
Trane Technologies was founded in 1885 and is headquartered in Swords, Ireland. It was formerly known as Ingersoll-Rand Plc before rebranding to Trane Technologies plc in March 2020, reflecting its strategic focus on climate-related HVAC and refrigeration technologies.
- Data center cooling demand accelerates commercial HVAC segment orders
- EPA HFC phasedown regulation lifts low-GWP chiller pricing power
- Commercial construction weakness pressures new equipment bookings
| Net Income: 2.90b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -0.17 > 1.0 |
| NWC/Revenue: 3.22% < 20% (prev 2.79%; Δ 0.43% < -1%) |
| CFO/TA 0.15 > 3% & CFO 3.50b > Net Income 2.90b |
| Net Debt (3.54b) to EBITDA (4.26b): 0.83 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (223.1m) vs 12m ago -1.46% < -2% |
| Gross Margin: 35.92% > 18% (prev 35.93%; Δ -0.01% > 0.5%) |
| Asset Turnover: 100.8% > 50% (prev 101.0%; Δ -0.19% > 0%) |
| Interest Coverage Ratio: 17.27 > 6 (EBIT TTM 3.89b / Interest Expense TTM 225.0m) |
| A: 0.03 (Total Current Assets 8.00b - Total Current Liabilities 7.31b) / Total Assets 22.8b |
| B: 0.46 (Retained Earnings 10.5b / Total Assets 22.8b) |
| C: 0.18 (EBIT TTM 3.89b / Avg Total Assets 21.4b) |
| D: 0.61 (Book Value of Equity 8.61b / Total Liabilities 14.1b) |
| Altman-Z'' = 3.56 = A |
| DSRI: 1.12 (Receivables 3.77b/3.16b, Revenue 21.6b/20.3b) |
| GMI: 1.00 (GM 35.93% / 35.92%) |
| AQI: 0.99 (AQ_t 0.55 / AQ_t-1 0.55) |
| SGI: 1.06 (Revenue 21.6b / 20.3b) |
| TATA: -0.03 (NI 2.90b - CFO 3.50b) / TA 22.8b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at USD 480.35 with a total of 901,416 shares traded. Over the past week, the price has changed by -1.14%, over one month by +3.80%, over three months by +17.65% and over the past year by +12.38%.
Current recommended Stop Loss: 458.20 (which is 4.6% or 1.3 ATR below the current price).
Trane Technologies has received a consensus analysts rating of 3.80. Therefore, it is recommended to hold TT.
- StrongBuy: 10
- Buy: 3
- Hold: 10
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 521.5 | 8.6% |
P/E Trailing = 36.9099
P/E Forward = 32.7869
P/S = 4.9439
P/B = 12.4321
P/EG = 2.0549
Revenue TTM = 21.6b USD
EBIT TTM = 3.89b USD
EBITDA TTM = 4.26b USD
Long Term Debt = 3.92b USD (from longTermDebt, last quarter)
Short Term Debt = 693.1m USD (from shortTermDebt, last quarter)
Debt = 4.62b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.54b USD (calculated: Debt 4.62b - CCE 1.07b)
Enterprise Value = 110b USD (107b + Debt 4.62b - CCE 1.07b)
Interest Coverage Ratio = 17.27 (Ebit TTM 3.89b / Interest Expense TTM 225.0m)
EV/FCF = 34.92x (Enterprise Value 110b / FCF TTM 3.16b)
FCF Yield = 2.86% (FCF TTM 3.16b / Enterprise Value 110b)
FCF Margin = 14.63% (FCF TTM 3.16b / Revenue TTM 21.6b)
Net Margin = 13.42% (Net Income TTM 2.90b / Revenue TTM 21.6b)
Gross Margin = 35.92% ((Revenue TTM 21.6b - Cost of Revenue TTM 13.8b) / Revenue TTM)
Gross Margin QoQ = 34.77% (prev 34.09%)
Tobins Q-Ratio = 4.85 (Enterprise Value 110b / Total Assets 22.8b)
Interest Expense / Debt = 4.87% (Interest Expense 225.0m / Debt 4.62b)
Taxrate = 19.32% (707.3m / 3.66b)
NOPAT = 3.14b (EBIT 3.89b * (1 - 19.32%))
Current Ratio = 1.10 (Total Current Assets 8.00b / Total Current Liabilities 7.31b)
Debt / Equity = 0.54 (Debt 4.62b / totalStockholderEquity, last quarter 8.61b)
Debt / EBITDA = 0.83 (Net Debt 3.54b / EBITDA 4.26b)
Debt / FCF = 1.12 (Net Debt 3.54b / FCF TTM 3.16b)
Total Stockholder Equity = 8.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.52% (Net Income 2.90b / Total Assets 22.8b)
RoE = 34.71% (Net Income TTM 2.90b / Total Stockholder Equity 8.35b)
RoCE = 31.67% (EBIT 3.89b / Capital Employed (Equity 8.35b + L.T.Debt 3.92b))
RoIC = 20.81% (NOPAT 3.14b / Invested Capital 15.1b)
WACC = 9.39% (E(107b)/V(111b) * Re(9.63%) + D(4.62b)/V(111b) * Rd(4.87%) * (1-Tc(0.19)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -1.33%
[DCF] Terminal Value 73.42% ; FCFF base≈3.03b ; Y1≈3.33b ; Y5≈4.25b
[DCF] Fair Price = 232.4 (EV 54.9b - Net Debt 3.54b = Equity 51.4b / Shares 221.1m; r=9.39% [WACC]; 5y FCF grow 11.71% → 2.50% )
EPS Correlation: 98.51 | EPS CAGR: 20.49% | SUE: 0.56 | # QB: 0
Revenue Correlation: 99.15 | Revenue CAGR: 9.89% | SUE: 1.47 | # QB: 1
EPS next Quarter (2026-09-30): EPS=4.59 | Chg30d=+0.07% | Revisions=+18% | Analysts=21
EPS current Year (2026-12-31): EPS=14.90 | Chg30d=-0.01% | Revisions=+84% | GrowthEPS=+14.1% | GrowthRev=+9.6%
EPS next Year (2027-12-31): EPS=17.03 | Chg30d=-0.06% | Revisions=+65% | GrowthEPS=+14.3% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +84%