Trane Technologies (TT) is trading down at $457.36 (-2.96%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
Analyst price targets on TT
One firm's current price target on Trane Technologies: $536 — 17% above the current $457. Each is tracked to its date and scored the same way a member's call is.
- Wells Fargo $454 → $536 by Sep 2027 Sep 25, 2026 via Investing.com · Wells Fargo's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Trane Technologies revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $13.5B | $14.2B | $12.3B | $13.1B | $12.5B | $14.1B | $16.0B | $17.7B | $19.8B | $21.3B |
| Growth (year over year) | +1.6% | +5.1% | −13.1% | +5.9% | −4.8% | +13.5% | +13.1% | +10.5% | +12.2% | +7.5% |
| Gross profit | $4.20B | $4.39B | $3.76B | $3.99B | $3.80B | — | — | — | — | — |
| Gross margin | 31.1% | 30.9% | 30.5% | 30.5% | 30.5% | — | — | — | — | — |
| Operating income | $1.60B | $1.67B | $1.51B | $1.67B | $1.53B | $2.02B | $2.42B | $2.89B | $3.50B | $3.97B |
| Operating margin | 11.9% | 11.7% | 12.2% | 12.8% | 12.3% | 14.3% | 15.1% | 16.4% | 17.6% | 18.6% |
| Net income | $1.48B | $1.30B | $1.34B | $1.41B | $854.9M | $1.42B | $1.76B | $2.02B | $2.57B | $2.92B |
| Net margin | 10.9% | 9.2% | 10.8% | 10.8% | 6.9% | 10.1% | 11.0% | 11.4% | 12.9% | 13.7% |
| EPS (diluted) | $5.65 | $5.05 | $5.35 | $5.77 | $3.52 | $5.87 | $7.48 | $8.77 | $11.24 | $12.98 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.71B | $1.52B | $878.4M | $1.28B | $3.29B | $2.16B | $1.22B | $1.10B | $1.59B | $1.76B |
| Total assets | $17.4B | $18.2B | $17.9B | $20.5B | $18.2B | $18.1B | $18.1B | $19.4B | $20.1B | $21.4B |
| Total liabilities | $10.7B | $11.0B | $10.9B | $13.2B | $11.7B | $11.8B | $12.0B | $12.4B | $12.7B | $12.8B |
| Long-term debt | $3.71B | $2.96B | $3.74B | $4.92B | $4.50B | $4.49B | $3.79B | $3.98B | $4.32B | $3.92B |
| Shareholders' equity | $6.64B | $7.14B | $7.02B | $7.27B | $6.41B | $6.26B | $6.09B | $7.00B | $7.46B | $8.58B |
| Cash flow | ||||||||||
| Operating cash flow | $1.52B | $1.52B | $1.41B | $1.92B | $1.44B | $1.59B | $1.50B | $2.39B | $3.15B | $3.19B |
| Capital expenditure | $182.7M | $221.3M | $284.7M | $205.4M | $146.2M | $223.0M | $291.8M | $300.7M | $370.6M | $383.0M |
| Free cash flow | $1.34B | $1.30B | $1.12B | $1.71B | $1.29B | $1.37B | $1.21B | $2.09B | $2.77B | $2.81B |
| Dividends paid | $348.6M | $430.1M | $479.5M | $510.1M | $507.3M | $561.1M | $620.2M | $683.7M | $757.5M | $837.3M |
| Share buybacks | $250.1M | $1.02B | $900.2M | $750.1M | $250.0M | $1.10B | $1.20B | $669.3M | $1.28B | $1.48B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $5.44B | $4.87B | $4.69B | $5.75B | $5.74B | $5.14B | $4.97B | $6.35B |
| Growth (year over year) | +11.4% | +10.2% | +11.2% | +8.3% | +5.5% | +5.5% | +6.0% | +10.6% |
| Gross profit | $1.97B | — | $1.68B | $2.16B | $2.12B | — | $1.73B | $2.26B |
| Gross margin | 36.3% | — | 35.8% | 37.6% | 36.9% | — | 34.8% | 35.6% |
| Operating income | $1.02B | $807.5M | $818.9M | $1.16B | $1.17B | $819.0M | $776.1M | $1.22B |
| Operating margin | 18.8% | 16.6% | 17.5% | 20.3% | 20.3% | 15.9% | 15.6% | 19.3% |
| Net income | $772.0M | $604.3M | $604.9M | $874.8M | $847.6M | $591.3M | $584.4M | $925.7M |
| Net margin | 14.2% | 12.4% | 12.9% | 15.2% | 14.8% | 11.5% | 11.8% | 14.6% |
| EPS (diluted) | $3.39 | $2.65 | $2.67 | $3.89 | $3.78 | $2.64 | $2.62 | $4.16 |
| Balance sheet | ||||||||
| Cash and equivalents | — | $1.59B | — | — | — | $1.76B | — | — |
| Total assets | $20.9B | $20.1B | $20.1B | $21.0B | $21.4B | $21.4B | $22.8B | $23.9B |
| Total liabilities | $13.3B | $12.7B | $12.6B | $13.1B | $13.0B | $12.8B | $14.1B | $15.3B |
| Long-term debt | $4.32B | $4.32B | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B |
| Shareholders' equity | $7.59B | $7.46B | $7.49B | $7.83B | $8.33B | $8.58B | $8.59B | $8.62B |
| Cash flow | ||||||||
| Operating cash flow | $1.30B | $899.9M | $339.5M | $692.1M | $1.00B | $1.16B | $626.2M | $1.09B |
| Capital expenditure | $88.3M | $125.6M | $118.9M | $89.9M | $68.4M | $105.8M | $79.7M | $76.4M |
| Free cash flow | $1.21B | $774.3M | $220.6M | $602.2M | $935.6M | $1.05B | $546.5M | $1.01B |
| Dividends paid | $189.4M | $188.7M | $209.9M | $210.1M | $209.1M | $208.2M | $231.5M | $231.7M |
| Share buybacks | $301.7M | $354.7M | $477.5M | $402.1M | $370.4M | $231.3M | $287.3M | $469.1M |
From Trane Technologies's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Trane Technologies
Trane Technologies plc is an American company domiciled in Ireland focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems. The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.
Source: Wikipedia — Trane Technologies
- Headquarters
- Co. Dublin, Ireland From SEC filings, Oct 2026
Recent News (15)
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Trane Technologies declares $1.05 quarterly dividend
Trane Technologies declares $1.05 quarterly dividend
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Trane demonstrates 800-volt DC cooling system for data centers
Trane demonstrates 800-volt DC cooling system for data centers
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Wells Fargo initiates Trane Technologies stock at Overweight on data center growth
Wells Fargo initiates Trane Technologies stock at Overweight on data center growth
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Trane Or Allegion: Which One Is The Cheaper Way In?
Trane Or Allegion: Which One Is The Cheaper Way In?
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Is Trane Technologies Stock Underperforming the Dow?
Is Trane Technologies Stock Underperforming the Dow?
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Data Centers Don't Just Need Power -- They Need Cooling. Trane and Carrier Sell It.
Data Centers Don't Just Need Power -- They Need Cooling. Trane and Carrier Sell It.
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Can Trane Technologies plc (TT) and Eaton Corporation, PLC (ETN) Become Major Winners from the AI Data Center Boom?
Can Trane Technologies plc (TT) and Eaton Corporation, PLC (ETN) Become Major Winners from the AI Data Center Boom?
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Data Centers Don't Just Need Power -- They Need Cooling. Trane and Carrier Sell It.
Data Centers Don't Just Need Power -- They Need Cooling. Trane and Carrier Sell It.
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Are Wall Street Analysts Predicting Trane Technologies Stock Will Climb or Sink?
Are Wall Street Analysts Predicting Trane Technologies Stock Will Climb or Sink?
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Analyst Report: Trane Technologies plc
Analyst Report: Trane Technologies plc
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Market Update: FIS, HIG, HON, TT, SON, BUD, ABBV, ANET
Market Update: FIS, HIG, HON, TT, SON, BUD, ABBV, ANET
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Trane managing capacity as commercial HVAC demand surges Trane managing capacity as commercial HVAC demand surges
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Trane Technologies (TT) Q2 2026 Earnings Call Transcript Trane Technologies (TT) Q2 2026 Earnings Call Transcript
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Trane Technologies plc Q2 2026 Earnings Call Summary Trane Technologies plc Q2 2026 Earnings Call Summary
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Trane Technologies stock leaps 7% on strong Q2 beat, raised guidance
Trane Technologies stock leaps 7% on strong Q2 beat, raised guidance
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