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

Trane Technologies (NYSE:TT) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 14.650-14.850 for the period, compared to the consensus earnings per share estimate of 14.790. The company issued revenue guidance of $23.1 billion-$23.4 billion, compared to the consensus revenue estimate of $22.9 billion.

Wall Street Analysts Forecast Growth

TT has been the subject of several research analyst reports. Oppenheimer upped their target price on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research report on Friday. Barclays increased their price objective on Trane Technologies from $505.00 to $507.00 and gave the company an “overweight” rating in a report on Friday. UBS Group decreased their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday, January 5th. Citigroup increased their price target on shares of Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada raised their price target on shares of Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $484.67.

Trane Technologies Stock Down 1.3%

Shares of NYSE:TT opened at $420.34 on Friday. Trane Technologies has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $396.23 and a two-hundred day moving average of $414.95. The stock has a market cap of $93.21 billion, a P/E ratio of 32.38, a PEG ratio of 2.14 and a beta of 1.21.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 EPS. On average, research analysts expect that Trane Technologies will post 12.83 earnings per share for the current year.

Key Stories Impacting Trane Technologies

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q4 results: TT reported better-than-expected Q4 revenue and adjusted EPS, highlighted record bookings and a growing backlog that management says provides strong visibility into 2026. This is the main fundamental driver behind today’s bullish analyst moves. BusinessWire: Q4 Results
• Positive Sentiment: Citigroup raised its price target to $525 with a Buy rating (largest implied upside among brokers noted), signalling strong buy-side conviction following the quarter. Benzinga: Citi PT Raise
• Positive Sentiment: Barclays lifted its target to $507 and kept an Overweight call, another bullish endorsement supporting upside potential. Benzinga: Barclays PT Raise
• Positive Sentiment: Oppenheimer bumped its target to $468 and maintained an Outperform view, reinforcing the upgrade momentum from sell?side analysts. Benzinga: Oppenheimer PT Raise
• Neutral Sentiment: Guidance: TT updated FY?2026 guidance to EPS 14.65–14.85 (roughly in line with consensus) and raised revenue guidance to ~$23.1–23.4B (slightly above consensus) — supportive but not a large surprise. TT FY2026 Guidance
• Neutral Sentiment: RBC raised its target to $470 but kept a “sector perform” rating — a modest endorsement that’s positive for price targets but not a clear buy signal. Benzinga: RBC PT Raise
• Neutral Sentiment: JPMorgan increased its target to $460 but kept a Neutral rating, signaling respect for the quarter without upgrading conviction. Benzinga: JPM PT Raise
• Negative Sentiment: Wells Fargo moved its target to $400 and retained an Underweight call, the notable bearish voice among brokers and a likely contributor to intraday selling pressure. Benzinga: Wells Fargo Call

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in Trane Technologies by 4.1% in the third quarter. Invesco Ltd. now owns 1,776,055 shares of the company’s stock valued at $749,424,000 after buying an additional 70,172 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Trane Technologies by 0.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,641,551 shares of the company’s stock valued at $692,668,000 after acquiring an additional 8,324 shares during the period. Corient Private Wealth LLC raised its position in Trane Technologies by 135.4% in the 2nd quarter. Corient Private Wealth LLC now owns 735,589 shares of the company’s stock valued at $321,757,000 after purchasing an additional 423,090 shares during the last quarter. Man Group plc boosted its stake in Trane Technologies by 5.8% during the 3rd quarter. Man Group plc now owns 662,850 shares of the company’s stock worth $279,696,000 after purchasing an additional 36,595 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Trane Technologies by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 358,227 shares of the company’s stock worth $156,692,000 after purchasing an additional 2,537 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

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.