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

Trane Technologies (NYSE:TT) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 14.650-14.850 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

TT has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday. Citigroup increased their price objective on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, January 21st. Morgan Stanley decreased their price target on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Finally, Oppenheimer boosted their price objective on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a research note 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, Trane Technologies has an average rating of “Moderate Buy” and an average target price of $482.07.

Trane Technologies Trading Down 1.7%

NYSE:TT traded down $7.40 on Friday, reaching $418.67. 1,286,123 shares of the company’s stock were exchanged, compared to its average volume of 2,063,713. The firm has a market capitalization of $92.84 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. 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 1.20 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $396.04 and a 200-day moving average of $415.08.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.81 by $0.05. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the firm posted $2.61 EPS. Trane Technologies’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that Trane Technologies will post 12.83 earnings per share for the current year.

Key Headlines Impacting Trane Technologies

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

• Positive Sentiment: Q4 beats and record bookings — TT posted adjusted Q4 EPS of $2.86 (beat) and revenue of $5.15B (beat); bookings jumped ~24% YoY and backlog provides strong visibility into 2026. This is the main earnings-side catalyst supporting the stock. BusinessWire: Q4 Results
• Positive Sentiment: Revenue guidance lifted above Street — FY2026 revenue guide of $23.1B–$23.4B is modestly above the consensus (~$22.9B), signalling demand strength and supporting forward top-line expectations.
• Neutral Sentiment: EPS guidance essentially in-line — FY2026 EPS guidance of $14.65–$14.85 lines up with the consensus (~$14.79), so while not a downside surprise it gives investors mixed signals on upside to estimates.
• Neutral Sentiment: Analyst commentary and momentum narratives are active — multiple outlets and the full earnings transcript/slides are circulating, supporting continued investor attention but also adding short-term volatility. Seeking Alpha: Q4 Call Transcript
• Negative Sentiment: Profit-taking and valuation pressure — after recent gains and a high P/E (~32), some investors likely locked in profits despite the beats; the EPS guide being only in-line reduced upside surprise potential and contributed to the intraday pullback. AAII: Why TT Stock Is Up

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC increased its position in Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after acquiring an additional 305 shares during the period. Schnieders Capital Management LLC. purchased a new stake in Trane Technologies during the 2nd quarter valued at approximately $227,000. Nebula Research & Development LLC lifted its position in Trane Technologies by 178.0% during the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock worth $1,037,000 after acquiring an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Trane Technologies by 0.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock valued at $45,552,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.