Trane Technologies (TT)
Industrials · Building HVAC and refrigeration products · NYSE
A global leader in climate control solutions, providing sustainable HVAC and refrigerated transport technologies for homes, buildings, and critical supply chains.
What Trane Technologies does
Trane Technologies is a global climate innovator focused on providing heating, ventilation, and air conditioning (HVAC) systems and transport refrigeration solutions. The company designs and manufactures high-performance, energy-efficient products and services for residential, commercial, and industrial buildings as well as for the transport of food and temperature-sensitive goods.
Themes: energy efficiency, cold chain logistics, building automation, sustainable infrastructure, decarbonization
Fundamentals
- Price$461.42 as of 2026-10-20 close
- Market cap$101.5B as of 2026-07-24 (share count; price 2026-10-20)
- 1-year return+10.3% 2025-10-20 close $418.37 → 2026-10-20 close $461.42
- P/E34.93 as of 2026-10-20
- Net margin+13.7% FY2025, SEC XBRL
- ROE+33.9% FY2025, SEC XBRL
- ROIC+29.1% NOPAT / (debt + equity - cash), average capital — 10-K FY2025 (year ended 2025-12-31)
- Debt / equity0.54 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue growth (YoY)+7.5% FY2025, SEC XBRL
- Revenue CAGR (3y)+10.1% SEC XBRL
- Beta0.98 as of 2026-09-02
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +1.0%; at least 16 years of non-decreasing per-share dividends (SEC XBRL) — a stock split inside this window left the earlier years on a different per-share basis, so the real streak may be longer.
How TT compares in its sector
- price-to-earnings ratiotop 25% 321 covered Industrials peers, as of 2026-10-20
- net profit margintop 25% 419 covered Industrials peers, as of 2026-09-02
- operating margintop 25% 394 covered Industrials peers, as of 2026-09-02
- return on equitytop 10% 434 covered Industrials peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 430 covered Industrials peers
- indicated dividend yieldmiddle range 243 covered Industrials peers, as of 2026-09-02
- free cash flow (absolute dollars, latest fiscal year)top 10% 419 covered Industrials peers, as of FY2025
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
TT is not currently in any published Top 10 list. Its scores are below.
Top 10 score
57.9 #302 of 1,265 scored · #37 of 230 in Industrials
Profitability 79th (return on equity 33.9%, operating margin 18.6%) and capital return 75th (consecutive years of dividend increases 16 years, net share count bought back over the year 1.5); weakest is valuation (18th, price to book 11.8, price to earnings 34.9).
Scores as of 20 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, TT's dividend was covered by reported results (earnings payout 29%, free-cash-flow payout 30%). This describes past coverage, not a forecast.
- Earnings payout29% dividends / net income
- Free-cash-flow payout30% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
Quarterly results
| Quarter | Revenue | Operating income | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|---|
| Q2 FY2026 2026-06-30 | $6.4B | $1.2B | $926M | $4.16 | $1.1B† |
| Q1 FY2026 2026-03-31 | $5.0B | $776M | $584M | $2.62 | $636M |
| Q4 FY2025 2025-12-31 | $5.1B† | $819M† | $591M† | $2.65† | $1.2B† |
| Q3 FY2025 2025-09-30 | $5.7B | $1.2B | $848M | $3.78 | $1.0B† |
| Q2 FY2025 2025-06-30 | $5.7B | $1.2B | $875M | $3.89 | $698M† |
| Q1 FY2025 2025-03-31 | $4.7B | $819M | $605M | $2.67 | $346M |
| Q4 FY2024 2024-12-31 | $4.9B† | $808M† | $604M† | $2.65† | $906M† |
| Q3 FY2024 2024-09-30 | $5.4B | $1.0B | $772M | $3.39 | $1.3B† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Total debt$4.6B borrowings only; leases excluded
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How Trane Technologies looks technically
Trane Technologies (TT) is trading 2.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 152 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 51, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 3 trading days ago (its momentum flipped negative). It made a new 20-day high about 6 trading days ago.
Trend
9
| Distance from the 200-day | it is trading 2.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +2.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $454.41 | $454.41 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $450.96 | $450.96 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 11 calendar days ago — the swings before that are what the structure reading is measured on | 11 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 484.13. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 152 trading days ago — a "golden cross", a bullish long-term signal | 152 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 2.3% above | +2.3% |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend) | 16.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 51, neither overbought (above 70) nor oversold (below 30) | 51.2 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($445.00 to $484.13) — its "stochastic" reading is 42 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 42.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 3 trading days ago (its momentum flipped negative) | 3 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $505.87 | $505.87 |
|---|---|---|
| From the 52-week high | it is 8.8% below its 52-week high (its highest price of the past year) | -8.8% |
| Above the 52-week low | it is 32.6% above its 52-week low (its lowest price of the past year) | +32.6% |
| Below the 52-week high | it is 8.8% below its highest point of the past year | 8.8% |
| Since a 20-day breakout | it made a new 20-day high about 6 trading days ago | 6 sessions |
| Since a 55-day breakout | it made a new 55-day low about 25 trading days ago | 25 sessions |
| All-time high | its highest closing price on record is $505.87 (set on 2026-06-25) | $505.87 |
| Given back of the 52-week move | over the past year its closes ranged ($376.43 to $503.46), and it has given back roughly a third of its rise from last year’s low — 33% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $420.89 to $424.96. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 33.1% |
| From the all-time high | it is 8.8% below its all-time high | -8.8% |
| Nearest price level | it is sitting right on a resistance level at $463.33 — a price it turned at six times since 2025-10-30, most recently on 2026-08-27. Since 2024-10-21 it has 7 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.4% |
| All-time low | its lowest closing price on record is $7.10 (set on 2009-03-06) | $7.10 |
| Above the all-time low | it is 6397.8% above its all-time low | +6,398% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 39th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $12.38 between its high and its low — about 2.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $12.38 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $438.91 and $485.43 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $438.91 – $462.17 – $485.43 |
| Typical daily range (% of price) | its price moves about 2.7% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.7% |
| Stretch from the 200-day average | it is trading 0.8 daily ranges above its 200-day average price (2.3% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.8 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.88× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 0.3% since the prior reading | +0.3% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has improved toward "buy" since the prior reading | 0.08 toward buy |
Candlestick patterns
2
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|---|---|
| Since a bullish engulfing | 8 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 8 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-20 0.9% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.9% |
|---|---|---|
| Gap filled | a 2.2% gap up opened on 2026-09-17 has been "filled" 23 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 23 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 6.6 percentage points (the stock gained 7.5% while the market gained 1.0%) | +6.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 5.1 percentage points (the stock lost 1.4% while the market gained 3.6%) | -5.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 11.8 percentage points (the stock lost 3.3% while the market gained 8.5%) | -11.8% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 4.3 percentage points (the stock gained 10.3% while the market gained 14.6%) | -4.3% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.5% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 2.8% of the share price. | +0.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 3% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $447.41 — a volume-weighted average of daily closes over 197 sessions, not a true tick-by-tick VWAP. | +3.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% above the average price paid since it last reported on 2026-07-30 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $455.32 — a volume-weighted average of daily closes over 58 sessions, not a true tick-by-tick VWAP. | +1.3% |
Price levels it has turned at before
TT last closed at $461.42 on 2026-10-20. Since 2024-10-21 it has turned at 7 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $463.33 | Resistance | 0.4% above the last close | turned there six times · 2025-10-30 to 2026-08-27 |
| $479.90 | Resistance | 4.0% above the last close | turned there three times · 2025-07-28 to 2026-10-09 |
| $441.13 | Support | 4.4% below the last close | turned there twice · 2025-08-13 to 2026-06-01 |
| $434.37 | Support | 5.9% below the last close | turned there 7 times · 2025-05-27 to 2026-09-02 |
| $491.01 | Resistance | 6.4% above the last close | turned there three times · 2026-07-14 to 2026-08-12 |
| $419.24 | Support | 9.1% below the last close | turned there 13 times · 2024-11-13 to 2026-09-15 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $484.13.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $355.11 and $404.39 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $484.13.
This reading has stood for 3 trading days, since 2026-10-16.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Trading above the 50-day moving average · Tested and reclaimed 200-day support · MACD just crossed bearish (12/26/9) · trendless / choppy (low ADX) · lagging the market | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.85 mean, 1=Strong Buy…5=Strong Sell) — 23 analysts
- Mean price target$529.12 range $422.00 – $575.00; median $536.00
Analyst estimates, as of 2026-10-20. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for TT
- Consensus EPS estimate$4.73 next reporting period, as of 2026-10-20
- Estimate change, 30 days+$0.0127 (+0.3%) from $4.72, on 2026-09-15, 35-day window
- Readings revised upward50% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Potential disruption to global supply chains and availability of raw materials or components.","Exposure to macroeconomic conditions impacting residential and commercial construction activity.","Risks associated with international operations, including currency fluctuations and geopolitical instability."]
What changed in the latest 10-Q
AI-assisted comparison of TT's 10-Q filed 2026-04-30 against the prior one filed 2025-10-30.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 6 days since 2026-10-16 have not been checked yet.
- Last 30 days · read to 2026-10-160 buys · 1 sell ($23M) — 1 selling insider
- Last 90 days · read to 2026-10-160 buys · 3 sells ($44M) — 2 selling insiders
- Last 180 days · read to 2026-10-160 buys · 4 sells ($46M) — 3 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-10-06. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 9 matched disclosures for TT from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Short interest (FINRA)
TT had 3,771,092 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
TT had 1.71% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.02 days to cover at the same settlement.
- Reported short interest (shares) 3,771,092
- Short interest (% of shares outstanding) 1.71%
- Prior settlement (shares) 3,346,015
- Reported change 12.7%
- Days to cover (reported) 3.02
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Carrier (CARR)
- Johnson Controls (JCI)
- Lennox International (LII)
- Daikin Industries
- Ingersoll Rand (IR)
- Emerson Electric (EMR)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare TT vs…
Trane Technologies is found in…
Frequently asked questions
What does Trane Technologies (TT) do?
Trane Technologies is a global climate innovator focused on providing heating, ventilation, and air conditioning (HVAC) systems and transport refrigeration solutions. The company designs and manufactures high-performance, energy-efficient products and services for residential, commercial, and industrial buildings as well as for the transport of food and temperature-sensitive goods.
What sector is Trane Technologies (TT) in?
Trane Technologies (TT) is classified in the Industrials sector. Its industry is Building HVAC and refrigeration products. It trades on NYSE.
Does TT pay a dividend?
Yes — Trane Technologies (TT) pays a dividend, with an indicated yield of about 0.98% and at least 16 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — a stock split inside this window left the earlier years on a different per-share basis, so the real streak may be longer (market data, as of 2026-09-02). Informational only — not financial advice.
Who are Trane Technologies's (TT) competitors?
Notable peers of Trane Technologies (TT) include Carrier, Johnson Controls, Lennox International, Daikin Industries and Ingersoll Rand. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in TT?
Yes — we hold 9 matched STOCK Act disclosures for TT from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Trane Technologies (TT) overbought or oversold right now?
Trane Technologies (TT) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 51, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TT come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.