NYSE: TT

Trane Technologies (TT) Stock Analysis & Forecast

Trane Technologies plc. Producer manufacturing sector, industrial machinery industry. Market cap $94.41B.

$429.11+5.78 (+1.4%)

Close on Sep 18, 2026. Page updated Sep 19, 9:15 pm ET.

Gekko Brief

AI summary

Trane Technologies (TT) closes at $429.11, up 1.4%, with the stock sitting between its 50-day average of $459.94 and 200-day average of $445.35, reflecting a mixed trend. Over the past month the shares are down 5.8%, though they remain up 7.6% over one year. The GekkoIndex reads 68.3, placing TT in the Accumulation zone, while the price sits 6.7% above Gekko Fair Value of $402.12.

Recent coverage centers on Trane's fundamentals rather than a single catalyst. A presentation at Morgan Stanley's Laguna Conference on 15 September drew attention, alongside a note on 11 September highlighting the company's backlog, HVAC demand and earnings estimate trends as growth drivers. One report on 14 September flagged a sharper-than-market drop, with shares closing at $426.01, a 3.73% daily move. These follow an earnings call on 30 July in which management cited a record $12.1 billion backlog, roughly $6 billion of which is slated for 2027 and beyond, alongside organic revenue growth near 9% and adjusted EPS growth near 11%.

The next earnings report is set for 29 October, 39 days out, beyond a typical 20-trading-day holding window. Over the last 90 days, Congress recorded 1 buy and 0 sells, and two Trailblazer holders are noted. Seasonally, the next 20 trading days have averaged a 0.1% return over 5 years, positive in 3 of them. Analyst consensus among 10 firms stands at 8 buy and 2 hold ratings, with a consensus target of $526.99. The gap to Gekko Fair Value bears watching alongside the approaching earnings date.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $429.11200-day averageGekko Fair Value $402.12

Key stats

Market cap
$94.41B
P/E ratio
31.5
Forward P/E
24.2
EPS, TTM
$13.46
Revenue, TTM
$22.21B
Profit margin
13.3%
Dividend yield
0.94%
Beta
1.20
Volume
2.07M avg 1.03M
1-year return
+7.6%
Typical daily move
±2.3%
Typical 20-day move
±5%
50-day average
$459.94
200-day average
$445.35
Next earnings
Oct 29
Shares outstanding
220.0M
52-week range
$348.06$505.87

Trane Technologies swing-trade checklist

Trane Technologies scores 4 supportive, 1 mixed and 1 headwind across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $429.11 sits between the 50-day ($459.94) and 200-day ($445.35) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    68.3, Accumulation

    Reading 68.3 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valueheadwind

    6.7% above

    Price is 6.7% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: Congress 1 buy / 0 sales.

    See smart money
  • Earnings risksupportive

    Reports in 39 days

    Next report Oct 29, 2026, 39 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +0.1% on average

    From this point in the calendar, the next 20 trading days averaged +0.1% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Trane Technologies stock chart and price history

Trane Technologies closed at $429.11 on Sep 18, 2026, +7.6% over the past year, inside a 52-week range of $348.06 to $505.87.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−5.8%
3 months
−11.2%
6 months
+1.4%
1 year
+7.6%
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About Trane Technologies

Trane Technologies makes and services equipment used to heat, cool and ventilate buildings, as well as refrigeration systems used in moving goods. Its equipment lineup takes in units for climate control in homes and commercial spaces plus cooling systems built for trucks, trailers, rail cars and shipping containers, supported by thermostats, sensors and other controls that keep this equipment running.

Beyond selling hardware, the company handles installation work, upkeep and repairs, and runs programs aimed at cutting energy use, water use and carbon output for its customers. Its equipment and services reach a mix of settings, from apartments and offices to data centers, cold storage facilities, hospitals, and buses and trains, and it also sells replacement parts both for its own products and for other manufacturers' equipment.

Trane Technologies traces back to 1885 and operates out of Swords, Ireland. It previously carried the name Ingersoll-Rand Plc, switching to its present name in March 2020. Its stock trades on the NYSE under the ticker TT.

Listed
NYSE
Sector
Producer manufacturing
Industry
Industrial machinery
Website
tranetechnologies.com

Trane Technologies GekkoIndex: the smart money zone

Trane Technologies’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 68.3, in the Accumulation zone, up 2.8 points over five sessions.

010068.3Accumulation

Up 2.8 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying16+1.4%+2.2%+3.2%−1.2%
Accumulation (current zone)196+0.5%+1.3%+3.2%+7.7%
Neutral392+0.4%+0.6%+1.3%+3.1%
Distribution53+1.1%+2.3%+2.2%+8.0%
Selling5Too few readings yet

Average TT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the TT price, zone by zone.Track TT in Gekko

Is Trane Technologies stock overvalued? Gekko Fair Value

Trane Technologies trades 6.7% above Gekko Fair Value of $402.12, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what Trane Technologies shares are worth, recalculated every trading day.

$402.12

Gekko Fair Value, Sep 19, 2026

6.7% Overvalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open TT in Gekko

Trane Technologies insider and Congress trading

No open-market insider purchases were filed for Trane Technologies, and members of Congress disclosed 1 purchase and 0 sales, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for TT in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every TT insider filing, plotted on the chart in Gekko.Open TT in Gekko

Congress trades last 90 days

1trade disclosed: 1 purchase and 0 sales.

MemberTypeAmountDisclosed
Ro Khanna
House, CA, purchase
Purchase$1,001 - $15,000Sep 7
traded Aug 10

From congressional disclosures, which report amounts as ranges.

Buybacks

Trane Technologies has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$287.3M
As a share of market cap
0.30%
Trailing four quarters
$1.70B

From company filings.

Hedge funds and billionaires quarter ended Jun 30

2of the funds Gekko tracks hold TT.

1added0opened1trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

Trane Technologies earnings: next date and track record

Trane Technologies reports on Oct 29, 2026 (39 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±4.8%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

−5.2%Oct ’24−0.3%Jan ’25+11.1%Apr ’25−7.0%Jul ’25+5.0%Oct ’25+6.7%Jan ’26+1.5%Apr ’26+1.8%Jul ’26

Last earnings call, Jul 30, 2026 AI summary

What they said
Trane Technologies reported a strong Q2 2026 driven by substantial bookings growth, record backlog, and continued revenue and EPS expansion. Enterprise organic bookings rose materially (management cited +37%), producing a record backlog of $12.1 billion (up ~70% year-over-year) with roughly $6 billion slated for 2027 and beyond. Organic revenue grew ~9% and adjusted EPS increased ~11%, led by commercial HVAC (especially Americas) and services. Applied bookings surged (~+130%), and management highlighted broad-based strength across many verticals (including data centers). The company raised its full-year outlook and provided discrete guidance for Q3. Management emphasized investments in capacity, innovation and their business operating system, while maintaining a balanced capital allocation plan (dividend increase, ongoing buybacks, targeted $2.8–$3.3B deployment).
Guidance
Trane raised its full-year guidance. Key items provided on the call: - Full-year organic revenue growth outlook increased to approximately 9% - Full-year adjusted EPS guidance increased to $15.20–$15.30 - Q3 organic revenue growth expected to be approximately 10% - Q3 adjusted EPS expected to be approximately $4.70 - CapEx guidance of ~2%–3% of revenue for 2026 - Target capital deployment $2.8–$3.3 billion for the year - Dividend increased 12% to $4.20 per share annualized; $840 million repurchased YTD with $3.8 billion remaining authorization - Management expects to deploy 100% of excess cash over time
Risks flagged
Key risk items discussed: - Middle East conflict is negatively impacting EMEA performance (Middle East represents ~15% of EMEA segment and management expects revenues in that part of EMEA to be down ~30% and has taken cost actions) - Inflation and price-versus-cost pressure (management is offsetting via supply chain, productivity, and selective pricing) - Supply-chain and capacity constraints as volumes expand (management states constraints are manageable and they are expanding capacity) - Potential timing/commissioning issues for data center projects (power hookups, site construction) - Backlog conversion timing and the risk of schedule slips
ReportedEPSSurpriseRevenueSurpriseMove
Jul 30, 2026$4.31
est $4.27
+0.9%$6.35B
est $6.20B
+2.5%+1.8%
Apr 30, 2026$2.63
est $2.55
+3.1%$4.97B
est $4.81B
+3.2%+1.5%
Jan 29, 2026$2.86
est $2.81
+1.8%$5.14B
est $5.09B
+1.1%+6.7%
Oct 30, 2025$3.88
est $3.81
+1.8%$5.74B
est $5.77B
−0.6%+5.0%
Jul 30, 2025$3.88
est $3.79
+2.4%$5.75B
est $5.77B
−0.5%−7.0%
Apr 30, 2025$2.45
est $2.20
+11.4%$4.69B
est $4.46B
+5.0%+11.1%
Jan 30, 2025$2.61
est $2.54
+2.8%$4.87B
est $4.79B
+1.8%−0.3%
Oct 30, 2024$3.37
est $3.24
+4.0%$5.44B
est $5.32B
+2.3%−5.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Trane Technologies stock forecast and analyst price targets

Analysts’ average 12-month price target for Trane Technologies is $526.99, +22.8% from the last close, from 10 firms rating the stock in the last 90 days.

$526.99consensus 12-month target, +22.8% from the last close
Low $496High $575
Buy8
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 10 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 3BernsteinBuy, maintained$575+34.0%
Sep 2Morgan StanleyBuy, maintained$565+31.7%
Sep 2Morgan StanleyBuy, reiterated$565+31.7%
Aug 14BernsteinBuy, reiterated$575+34.0%
Aug 3Bank of America SecuritiesBuy, maintained
+3.2%average 20-day move after past Accumulation readings
+0.1%average move over the next 20 trading days in the last 5 years
±2.3%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Trane Technologies seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Trane Technologies averaged +0.1% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−4.0%2021−7.4%2022+3.0%2023+4.9%2024+2.3%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.3%2 of 5
Next 10 trading days−0.8%2 of 5
Next 15 trading days−0.4%3 of 5
Next 20 trading days+0.1%3 of 5
Next 30 trading days+0.9%3 of 5

For scale, TT’s typical 20-trading-day move in either direction is about 5%.

Trane Technologies market cap and key statistics

Trane Technologies’s market cap is $94.41B, with a P/E ratio of 31.5 and revenue of $22.21B over the last twelve months.

Valuation

Market cap
$94.41B
P/E ratio
31.5
Forward P/E
24.2
EPS, TTM
$13.46
Gekko Fair Value
$402.12

Trading

Volume
2.07M
Avg volume, 20 days
1.03M
52-week high
$505.87
52-week low
$348.06
Shares outstanding
220.0M

Financials

Revenue, TTM
$22.21B
Profit margin
13.3%
Return on equity
36.6%
Quarterly earnings growth, YoY
+7.1%

Risk and income

Beta
1.20
Typical daily move
±2.3%
Typical 20-day move
±5%
Dividend yield
0.94%

Trane Technologies stock news this week

3 headlines about Trane Technologies from the past week, newest first, each linking to the publisher.

Trane Technologies peers

Trane Technologies’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
LRCXLam Research+5.0%Accumulation0.3% below
AMATApplied Materials+5.4%Accumulation20.2% below
PHParker-Hannifin+2.0%Accumulation1.9% above
JCIJohnson Controls International+1.6%Accumulation8.6% above
CARRCarrier Global−1.4%Buying10.3% below
JBLJabil+0.1%Accumulation1.6% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Trane Technologies stock FAQ

What is Trane Technologies’s market cap?

Trane Technologies’s market cap is $94.41B at the Sep 18, 2026 close of $429.11, with 220.0M shares outstanding. The shares trade on a P/E ratio of 31.5.

What is the Trane Technologies stock forecast?

The consensus analyst 12-month price target for Trane Technologies is $526.99, +22.8% from the last close. Of the 10 firms that rated the stock in the last 90 days, 8 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Trane Technologies stock overvalued or undervalued?

On Gekko’s estimate Trane Technologies is overvalued: the Sep 18, 2026 close of $429.11 is 6.7% above Gekko Fair Value of $402.12. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Trane Technologies report earnings next?

Trane Technologies is expected to report on Oct 29, 2026 (39 days away). Analysts expect earnings of $4.74 per share on revenue of $6.48B. Trane Technologies beat the earnings estimate in 8 of its last 8 reports, moving 4.8% on average across the report.

What is Trane Technologies’s 52-week high and low?

Trane Technologies’s 52-week high is $505.87 and its 52-week low is $348.06; it closed at $429.11 on Sep 18, 2026, +7.6% over the past year.

Is Trane Technologies stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (gekkoindex, smart money, earnings risk and seasonality), 1 as mixed (trend) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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