Trane Technologies (NYSE:TT) Shares Gap Up on Better-Than-Expected Earnings

Trane Technologies plc (NYSE:TT) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $394.20, but opened at $418.04. Trane Technologies shares last traded at $417.2710, with a volume of 977,966 shares.

The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same period in the prior year, the firm posted $2.61 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year.

More Trane Technologies News

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

Analyst Ratings Changes

TT has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group dropped their price objective on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday, January 5th. JPMorgan Chase & Co. lifted their target price on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada raised their price objective on Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $484.67.

Institutional Investors Weigh In On Trane Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Ethic Inc. raised its stake in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after buying an additional 1,672 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Trane Technologies in the 3rd quarter valued at approximately $6,571,000. Nordea Investment Management AB increased its holdings in shares of Trane Technologies by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock valued at $1,051,049,000 after acquiring an additional 57,774 shares during the last quarter. Boston Common Asset Management LLC acquired a new stake in shares of Trane Technologies during the 3rd quarter valued at approximately $9,546,000. Finally, Compass Wealth Management LLC lifted its stake in Trane Technologies by 3,785.4% during the third quarter. Compass Wealth Management LLC now owns 27,198 shares of the company’s stock worth $11,476,000 after purchasing an additional 26,498 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 1.3%

The stock has a market cap of $93.21 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21. The firm’s 50 day simple moving average is $396.23 and its two-hundred day simple moving average is $414.95. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

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.