TT
NYSE · USDTrane Technologies plc
Industrials · Industrial - Machinery
CEO David S. Regnery
Employees 44,000
R&D / revenue 1.6%
Last price
$458.89+0.33%last session
Market cap
$101.0B
P/E (TTM)
34.5x
From 52w high
−9.3%
From 52w low
+31.8%
1-year return
+11.4%
RSI 14 · vs SMA200
49.8 · +2.0%
IS score
66.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
TT SPY XLI (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe67Profitability
50Growth
34Value
76Momentum
100Risk (safety)
79Quality
65Balance sheet
72Earnings quality
Flags
Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for TT (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Switching CostsPiotroski 6 / 9Altman Z 6.4Beta 1.202 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
4 open-market sales, $46.2M
Form 144 notices (12m): 17, $76.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-08-10
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 1987-03-31
Net change in institutional holders
+1
0 new holders, 0 closed
1 filers hold 0.0% · 0 added, 0 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+220
1,355 funds adding shares
1,135 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
49.3%
20-day avg 58.0%, 50-day avg 53.2%
Latest 8.7 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$21.3B
Revenue growth YoY+7.5%
Gross margin36.2%
Operating income$4.0B
Operating margin18.6%
Net income$2.9B
Net margin13.7%
EPS (diluted)$12.98
Cash flow
Operating cash flow$3.2B
Capital expenditure$383.0M
Free cash flow$2.8B
FCF conversion (FCF / OCF)88.0%
Stock-based compensation$0
FCF less SBC$2.8B
Buybacks$1.5B
Dividends$837.3M
Balance sheet & returns
Cash & short-term investments$1.8B
Total debt$4.6B
Net debt$2.9B
Shareholders' equity$8.6B
Goodwill & intangibles$9.7B
Debt / equity0.53
ROE (TTM)34.5%
ROIC (TTM)19.9%
Operating margin by fiscal year
Revenue $14.1B (FY2021) to $21.3B (FY2025), a 10.8% CAGR.
Valuation
P/E (TTM)34.5x
EV / EBITDA24.0x
Price / sales4.55x
Price / FCF28.5x
FCF yield3.51%
Buyback yield1.47%
SBC / revenue0.4%
Price / book11.73x
Forward P/E FY202630.0x
Forward P/E FY202725.9x
Forward P/E FY202822.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $528.67 across 3 analysts last quarter is theirs, not ours.
TT vs industry median
328 companies in Industrial - Machinery
TT (TTM)Industry median
Asset turnover 0.93 vs industry 0.76 · financial leverage 2.77
Earnings delivery
Next report 2026-10-29 · consensus EPS $4.73100%
beat rate, 12 of 12 quarters
+3.6%
median EPS surprise
12
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-07-30. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| TT Trane Technologies plc | $101.0B | 34.5x | 34.5% | 13.3% | +7.5% | +11.4% |
| EMR Emerson Electric Co. | $90.1B | 35.2x | 12.8% | 14.7% | +4.8% | +25.8% |
| PH Parker-Hannifin Corporation | $121.5B | 33.3x | 25.1% | 19.0% | +8.3% | +33.8% |
| ITW Illinois Tool Works Inc. | $77.5B | 24.6x | 104.7% | 18.9% | +4.3% | +10.3% |
| CMI Cummins Inc. | $73.1B | 27.0x | 22.0% | 9.9% | +2.9% | +26.2% |
| PCAR PACCAR Inc | $58.3B | 23.3x | 12.8% | 10.0% | −12.3% | — |
| ROK Rockwell Automation, Inc. | $47.4B | 39.9x | 34.5% | 17.6% | +11.3% | — |
| CARR Carrier Global Corporation | $45.3B | 37.8x | 8.8% | 7.9% | −1.6% | — |
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.
Recent 8-K filings
2026-07-30Earnings Release; Exhibits
2026-07-22Officer/Director Change; Exhibits
2026-06-10Officer/Director Change; Regulation FD; Exhibits
2026-06-05Shareholder Vote
2026-04-30Earnings Release; Exhibits
2026-04-24Material Agreement
Context
Shares outstanding220,023,177
Free float99.7%
Institutional ownership0.0%
Beta1.20
Dividend yield0.89%
Last dividend$1.05 on 2026-12-04
50 / 200-day average$455.46 / $451.35
Large-cap Industrials median P/E29.8x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where TT sits among 62 scored companies in Industrial - Machinery (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | TT | Industry percentile |
|---|---|---|
| P/E (TTM) | 34.2x | 70th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 1.95 | 55th |
| Price / sales | 4.5x | 82nd |
| Price / book | 11.7x | 92nd |
| Price / tangible book | — | |
| Price / free cash flow | 28.3x | 75th |
| Price / operating cash flow | 25.9x | 81st |
| Enterprise value | $104.3B | 97th |
| EV / sales | 4.7x | 82nd |
| EV / EBITDA | 24.0x | 88th |
| EV / EBIT | 26.4x | 74th |
| EV / free cash flow | 29.2x | 59th |
| Earnings yield | 2.9% | 38th |
| FCF yield | 3.5% | 31st |
| Operating cash flow yield | 3.9% | 23rd |
| Graham number (per share) | $107.64 | 83rd |
Profitability (TTM)
| Measure | TT | Industry percentile |
|---|---|---|
| Gross margin | 35.4% | 46th |
| EBITDA margin | 19.5% | 56th |
| Operating margin | 17.9% | 74th |
| EBIT margin | 17.8% | 69th |
| Net margin | 13.3% | 74th |
| NOPAT margin | 14.5% | 77th |
| FCF margin | 16.1% | 74th |
| Operating cash flow margin | 17.6% | 72nd |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 17.4% | 46th |
| Stock comp / revenue | 0.4% | 23rd |
| Effective tax rate | 19.0% | 27th |
Returns on capital
| Measure | TT | Industry percentile |
|---|---|---|
| ROE (on average equity) | 35.8% | 93rd |
| ROA | 13.1% | 87th |
| ROIC | 27.0% | 92nd |
| ROCE | 25.4% | 92nd |
| Return on tangible assets | 17.6% | 87th |
| Cash ROIC (OCF / invested capital) | 32.6% | 95th |
| Gross profitability (GP / assets) | 32.9% | 79th |
| ROIC, 3-yr average | 21.9% | 91st |
| ROIC, 5-yr average | 21.9% | 94th |
| ROE, 5-yr average | 32.0% | 96th |
| Incremental ROIC | 112.5% | 83rd |
Growth
| Measure | TT | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 7.0% | 48th |
| Revenue growth (QoQ) | 27.9% | 93rd |
| Revenue CAGR, 3 yr | 9.7% | 76th |
| Revenue CAGR, 5 yr | 10.4% | 75th |
| Gross profit CAGR, 3 yr | 13.5% | 81st |
| Operating income CAGR, 3 yr | 14.4% | 73rd |
| Net income growth (TTM YoY) | 3.3% | 55th |
| Net income CAGR, 3 yr | 16.2% | 76th |
| EPS growth (TTM YoY) | 4.5% | 59th |
| EPS CAGR, 3 yr | 17.5% | 76th |
| EPS CAGR, 5 yr | 19.1% | 87th |
| FCF growth (TTM YoY) | 27.0% | 69th |
| FCF CAGR, 3 yr | 32.9% | 79th |
| Operating cash flow CAGR, 3 yr | 29.3% | 81st |
| Book value CAGR, 3 yr | 12.5% | 64th |
| Dividend CAGR, 3 yr | 4.6% | 84th |
| Sustainable growth rate | 25.1% | 91st |
Margin history & stability
| Measure | TT | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 35.4% | 48th |
| Operating margin, 3-yr average | 17.8% | 77th |
| Net margin, 3-yr average | 13.1% | 78th |
| FCF margin, 3-yr average | 14.3% | 80th |
| Revenue stability (0-1) | 1.00 | 100th |
| Earnings stability (0-1) | 0.97 | 100th |
| Margin stability (0-1) | 0.94 | 57th |
Liquidity (latest quarter)
| Measure | TT | Industry percentile |
|---|---|---|
| Cash & short-term investments | $1.3B | 89th |
| Net cash (− = net debt) | −$3.3B | 15th |
| Working capital | $615.9M | 52nd |
| Current ratio | 1.07 | 7th |
| Quick ratio | 0.76 | 16th |
| Cash ratio (cash + ST investments / current liabilities) | 0.16 | 26th |
| Defensive interval (days) | 523 days | 61st |
Leverage & solvency (latest quarter)
| Measure | TT | Industry percentile |
|---|---|---|
| Total debt | $4.6B | 85th |
| Debt / equity | 0.53 | 47th |
| Net debt / equity | 0.38 | 48th |
| Debt / assets | 19.3% | 26th |
| Debt / capital | 34.8% | 47th |
| Debt / EBITDA | 1.06 | 16th |
| Net debt / EBITDA | 0.76 | 29th |
| Interest coverage (EBIT / interest) | 18.0x | 84th |
| Cash interest coverage | 17.7x | 86th |
| Debt payback (years of OCF) | 1.2 yrs | 19th |
| Liabilities / assets | 63.9% | 79th |
| IS credit model rating | AA+ | |
| Implied credit spread (bps) | 65 | 5th |
Efficiency
| Measure | TT | Industry percentile |
|---|---|---|
| Asset turnover | 0.99 | 70th |
| Fixed asset turnover | 9.28 | 87th |
| Inventory turnover | 5.8 | 92nd |
| Receivables turnover | 5.3 | 30th |
| Days sales outstanding | 68 days | 70th |
| Days inventory outstanding | 63 days | 8th |
| Days payables outstanding | 70 days | 82nd |
| Cash conversion cycle (days) | 62 days | 8th |
| Capex / revenue | 1.5% | 7th |
| Capex / depreciation | 0.84 | 67th |
| Operating expense ratio | 16.3% | 28th |
Cash flow & earnings quality
| Measure | TT | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 1.32 | 38th |
| FCF / net income | 1.21 | 49th |
| FCF / operating cash flow | 91.5% | 89th |
| Capex / operating cash flow | 8.5% | 11th |
| Accruals ratio | -4.2% | 36th |
| Sloan accruals ratio | -2.1% | 38th |
| Earnings quality score (0-1) | 1.00 | 25th |
Scores & forensic checks
| Measure | TT | Industry percentile |
|---|---|---|
| IS score | 66 | 79th |
| IS profitability | 67 | 84th |
| IS growth | 50 | 57th |
| IS value | 34 | 11th |
| IS momentum | 76 | 60th |
| IS risk (safety) | 100 | 48th |
| IS quality | 79 | 80th |
| IS balance sheet | 65 | 54th |
| IS earnings quality | 72 | 51st |
| IS cash flow | 76 | 85th |
| Piotroski F-score (0-9) | 6 | 36th |
| Altman Z-score | 6.4 | 84th |
| Beneish M-score | −2.56 | 47th |
| Ohlson O-score | −7.93 | 52nd |
| IS credit score | 90 | 92nd |
Size (TTM)
| Measure | TT | Industry percentile |
|---|---|---|
| Market cap | $101.0B | 97th |
| Revenue | $22.2B | 95th |
| EBITDA | $4.3B | 92nd |
| Net income | $2.9B | 95th |
| Free cash flow | $3.6B | 97th |
| Total assets | $23.9B | 90th |
| Shareholders' equity | $8.6B | 87th |
| Employees | 44,000 | 90th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-06 | Regnery David S Director, Chair and CEO |
Open-market sale | 48,091 | $480.00 | $23.1M | 96,951 |
| 2026-08-05 | Regnery David S Director, Chair and CEO |
Open-market sale | 43,778 | $475.00 | $20.8M | 96,950 |
| 2026-08-04 | Schaeffer Melissa N. Director |
Open-market sale | 145 | $472.27 | $68,479 | 1,950 |
| 2026-07-01 | Simmons Donald E. EVP & Chief Operating Officer |
Award / grant | 826 | — | — | 4,645 |
| 2026-07-01 | Simmons Donald E. EVP & Chief Operating Officer |
Award / grant | 3,085 | $484.58 | $1.5M | 3,085 |
| 2026-06-05 | Hayes John A Director |
Award / grant | 438 | — | — | 2,207 |
| 2026-06-05 | Hayes John A Director |
Tax withholding | 112 | $456.84 | $51,166 | 2,095 |
| 2026-06-05 | Arnold Kirk E Director |
Tax withholding | 112 | $456.84 | $51,166 | 5,970 |
| 2026-06-05 | Arnold Kirk E Director |
Award / grant | 438 | — | — | 6,408 |
| 2026-06-05 | De Jesus Assis Ana Paula Director |
Tax withholding | 224 | $456.84 | $102,332 | 567 |
| 2026-06-05 | De Jesus Assis Ana Paula Director |
Award / grant | 438 | — | — | 1,005 |
| 2026-06-05 | Berzin Ann C Director |
Tax withholding | 112 | $456.84 | $51,166 | 85,318 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 12 | 8,291 | $1.5M |
| Open-market sale | Disposed | 4 | 96,607 | $46.2M |
| Option exercise | Disposed | 1 | 4,593 | $828,807 |
| Option exercise | Acquired | 1 | 4,593 | $828,807 |
| Tax withholding | Disposed | 11 | 1,456 | $665,934 |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
12 months: 17 notices · 164,339 shares · $76.0M| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| 2026-10-06 | Regnery David S | 48,091 | $23.1M |
| 2026-08-05 | Regnery David S | 43,778 | $20.8M |
| 2026-08-04 | Melissa Schaeffer | 145 | $68,479 |
| 2026-04-30 | Simmons Donald E. | 4,593 | $2.3M |
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 2 trades (2 purchases) · Senate 2 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-08-10 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-07 |
| 2026-05-01 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-06-11 |
| 2026-03-27 | Alan Armstrong | Senate | Sale | $15,001 - $50,000 | 2026-07-21 |
| 2026-03-27 | Alan Armstrong | Senate | Sale (Full) | $15,001 - $50,000 | 2026-07-20 |
| 2025-09-22 | Val Hoyle | House | Sale (Full) | $1,001 - $15,000 | 2025-10-10 |
| 2025-05-11 | Jefferson Shreve | House | Sale (Full) | $50,001 - $100,000 | 2025-06-23 |
| 2023-06-20 | Thomas R. Carper | Senate | Purchase | $1,001 - $15,000 | 2023-06-30 |
| 2023-06-20 | Thomas R. Carper | Senate | Purchase | $1,001 - $15,000 | 2023-06-29 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| None on file. | |||
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| None on file. | ||||||
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| 2026-07-27 | SCHEDULE 13G/A | JPMORGAN CHASE & CO. | 5.6% | 12,451,325 |
| 2026-04-28 | SCHEDULE 13G | Vanguard Capital Management | 7.5% | 16,581,171 |
| 2026-03-26 | SCHEDULE 13G/A | The Vanguard Group | 0.0% | 0 |
| 2026-01-23 | SCHEDULE 13G/A | JPMORGAN CHASE & CO. | 7.3% | 16,405,164 |
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.14% | $3.2B |
| VSMPX | 0.14% | $3.2B |
| VTSAX | 0.14% | $3.2B |
| VTI | 0.14% | $3.2B |
| VFIAX | 0.15% | $2.6B |
| VFFSX | 0.15% | $2.6B |
Share structure
Shares outstanding220,023,177
Float219,418,113
Free float99.7%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $14.1B | $16.0B | $17.7B | $19.8B | $21.3B |
| Cost of revenue | $9.7B | $11.0B | $11.8B | $12.8B | $13.6B |
| Gross profit | $4.5B | $5.0B | $5.9B | $7.1B | $7.7B |
| R&D | $193.5M | $211.2M | $252.3M | $0 | $347.6M |
| SG&A | $2.4B | $2.3B | $3.0B | $3.6B | $3.7B |
| Operating income | $2.0B | $2.4B | $2.9B | $3.5B | $4.0B |
| EBITDA | $2.3B | $2.7B | $3.1B | $3.9B | $4.2B |
| Pretax income | $1.8B | $2.2B | $2.6B | $3.2B | $3.7B |
| Income tax | $333.5M | $375.9M | $498.4M | $627.6M | $705.9M |
| Net income | $1.4B | $1.8B | $2.0B | $2.6B | $2.9B |
| EPS, diluted | $5.87 | $7.48 | $8.77 | $11.24 | $12.98 |
| Diluted shares | 242.3M | 234.9M | 230.7M | 228.4M | 223.6M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $2.2B | $1.2B | $1.1B | $1.6B | $1.8B |
| Receivables | $2.4B | $2.8B | $3.4B | $3.1B | $3.2B |
| Inventory | $1.5B | $2.0B | $2.2B | $2.0B | $2.1B |
| Total current assets | $6.5B | $6.4B | $6.9B | $7.3B | $7.9B |
| PP&E, net | $1.4B | $1.5B | $2.3B | $2.0B | $2.3B |
| Goodwill & intangibles | $8.8B | $8.8B | $9.5B | $9.4B | $9.7B |
| Total assets | $18.1B | $18.1B | $19.4B | $20.1B | $21.4B |
| Accounts payable | $1.8B | $2.1B | $2.0B | $2.1B | $2.2B |
| Total current liabilities | $4.8B | $5.7B | $6.1B | $6.1B | $6.3B |
| Long-term debt | $4.5B | $3.8B | $4.0B | $4.3B | $3.9B |
| Total liabilities | $11.8B | $12.0B | $12.4B | $12.7B | $12.8B |
| Shareholders' equity | $6.3B | $6.1B | $7.0B | $7.5B | $8.6B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $1.5B | $1.8B | $2.1B | $2.6B | $3.0B |
| Depreciation & amortization | $299.4M | $323.6M | $348.1M | $379.4M | $376.3M |
| Stock-based compensation | $66.5M | $56.3M | $67.1M | $82.9M | $0 |
| Change in working capital | −$162.2M | −$421.1M | −$72.8M | $238.9M | −$281.6M |
| Operating cash flow | $1.6B | $1.5B | $2.4B | $3.1B | $3.2B |
| Capital expenditure | −$223.0M | −$291.8M | −$300.7M | −$370.6M | −$383.0M |
| Free cash flow | $1.4B | $1.2B | $2.1B | $2.8B | $2.8B |
| Investing cash flow | −$545.7M | −$540.4M | −$1.2B | −$562.9M | −$640.0M |
| Net debt issued / repaid | −$432.5M | −$9.6M | −$57.3M | −$9.0M | −$159.1M |
| Buybacks | −$1.1B | −$1.2B | −$669.3M | −$1.3B | −$1.5B |
| Dividends paid | −$561.1M | −$620.2M | −$683.7M | −$757.5M | −$837.3M |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 31.6% | 31.0% | 33.1% | 35.7% | 36.2% |
| Operating margin | 14.3% | 15.1% | 16.4% | 17.6% | 18.6% |
| Net margin | 10.1% | 11.0% | 11.4% | 12.9% | 13.7% |
| FCF margin | 9.7% | 7.6% | 11.8% | 14.0% | 13.3% |
| ROE | 22.4% | 28.4% | 30.9% | 35.5% | 36.4% |
| ROIC | 18.4% | 20.6% | 21.8% | 25.1% | 28.0% |
| ROA | 7.9% | 9.7% | 10.8% | 13.0% | 14.0% |
| Debt / equity | 0.77 | 0.79 | 0.68 | 0.72 | 0.54 |
| Interest coverage | 8.7x | 10.7x | 11.9x | 14.6x | 17.2x |
| Current ratio | 1.36 | 1.12 | 1.13 | 1.21 | 1.25 |
| Revenue growth | +13.5% | +13.1% | +10.5% | +12.2% | +7.5% |
| EPS growth | +69.0% | +27.8% | +16.5% | +28.3% | +15.5% |
| P/E at year end | 32.4x | 21.5x | 27.2x | 32.4x | 29.8x |
| EV / EBITDA at year end | 21.0x | 15.2x | 18.6x | 22.6x | 21.0x |
| FCF yield at year end | 2.96% | 3.21% | 3.80% | 3.33% | 3.26% |
| Dividend payout | 39.4% | 34.7% | 33.6% | 29.4% | 28.6% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Product | $9.5B | $10.9B | $12.0B | $13.3B | $14.0B |
| Service | $4.6B | $5.1B | $5.7B | $6.5B | $7.3B |
Revenue by region · FY2025
Americas$17.2B · 81%
EMEA$2.8B · 13%
Asia Pacific$1.4B · 6%
Street estimates by fiscal year
Next report 2026-10-29 · consensus EPS $4.73 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $23.8B | $23.1B – $24.0B | $15.28 | $15.21 – $15.47 | 14 | 30.0x |
| 2027 | $26.1B | $24.7B – $26.9B | $17.72 | $17.10 – $18.41 | 14 | 25.9x |
| 2028 | $28.5B | $26.9B – $29.9B | $20.38 | $19.27 – $21.73 | 9 | 22.5x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-07-30 | $4.27 | $4.31 | +0.9% | $6.2B | $6.4B | +2.5% |
| 2026-04-30 | $2.53 | $2.63 | +4.0% | $4.8B | $5.0B | +3.2% |
| 2026-01-29 | $2.81 | $2.86 | +1.8% | $5.1B | $5.1B | +1.1% |
| 2025-10-30 | $3.80 | $3.88 | +2.1% | $5.8B | $5.7B | −0.6% |
| 2025-07-30 | $3.79 | $3.88 | +2.4% | $5.8B | $5.7B | −0.5% |
| 2025-04-30 | $2.20 | $2.45 | +11.4% | $4.5B | $4.7B | +5.0% |
| 2025-01-30 | $2.52 | $2.61 | +3.6% | $4.8B | $4.9B | +1.8% |
| 2024-10-30 | $3.25 | $3.37 | +3.7% | $5.3B | $5.4B | +2.3% |
| 2024-07-31 | $3.08 | $3.30 | +7.1% | $5.1B | $5.3B | +3.5% |
| 2024-04-30 | $1.65 | $1.94 | +17.6% | $4.0B | $4.2B | +5.5% |
| 2024-02-01 | $2.13 | $2.17 | +1.9% | $4.0B | $4.4B | +10.9% |
| 2023-11-01 | $2.66 | $2.79 | +4.9% | $4.4B | $4.9B | +10.2% |
| 2023-08-02 | $2.56 | $2.68 | +4.7% | $4.8B | $4.7B | −2.1% |
| 2023-05-03 | $1.34 | $1.41 | +5.2% | $4.6B | $3.7B | −20.5% |
| 2023-02-02 | $1.64 | $1.82 | +11.0% | $3.6B | $4.1B | +12.0% |
| 2022-11-02 | $2.12 | $2.27 | +7.1% | $4.1B | $4.4B | +5.7% |
| 2022-08-03 | $2.10 | $2.16 | +2.9% | $4.1B | $4.2B | +1.7% |
| 2022-05-04 | $0.99 | $1.12 | +13.1% | $3.2B | $3.4B | +6.4% |
| 2022-01-31 | $1.31 | $1.36 | +3.8% | $3.5B | $3.6B | +0.8% |
| 2021-11-03 | $1.84 | $1.80 | −2.2% | $3.8B | $3.7B | −2.1% |
| 2021-08-04 | $1.90 | $1.92 | +1.1% | $3.8B | $3.8B | −0.0% |
| 2021-05-05 | $0.62 | $1.01 | +62.9% | $2.8B | $3.0B | +6.2% |
| 2021-02-05 | $0.92 | $1.03 | +12.0% | $2.8B | $3.2B | +13.6% |
| 2020-10-28 | $1.35 | $1.72 | +27.4% | $2.7B | $3.5B | +27.4% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $418.2M | 943,621 | 47,297 |
| 2026-08-24 | $630.4M | 1,386,407 | 49,996 |
| 2026-08-17 | $463.0M | 1,007,853 | 40,250 |
| 2026-08-10 | $438.9M | 912,049 | 44,539 |
| 2026-08-03 | $703.5M | 1,483,212 | 66,257 |
| 2026-07-27 | $1.6B | 3,455,716 | 92,487 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 49.3% | 450,028 | 912,737 |
| 2026-10-14 | 59.7% | 254,541 | 426,219 |
| 2026-10-13 | 65.0% | 289,932 | 446,229 |
| 2026-10-12 | 60.7% | 196,582 | 323,854 |
| 2026-10-09 | 58.5% | 246,277 | 421,270 |
| 2026-10-08 | 59.1% | 283,884 | 480,085 |
| 2026-10-07 | 56.3% | 383,664 | 681,846 |
| 2026-10-06 | 51.3% | 404,119 | 788,413 |
| 2026-10-05 | 76.5% | 402,303 | 526,199 |
| 2026-10-02 | 73.4% | 340,875 | 464,675 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +0.0% | 50% | 20 |
| Feb | +1.4% | 65% | 20 |
| Mar | +1.2% | 71% | 21 |
| Apr | +5.7% | 80% | 20 |
| May | +1.0% | 50% | 20 |
| Jun | −0.2% | 45% | 20 |
| Jul | +2.6% | 55% | 20 |
| Aug | +0.7% | 60% | 20 |
| Sep | −0.9% | 55% | 20 |
| Oct | +1.6% | 60% | 20 |
| Nov | +3.9% | 85% | 20 |
| Dec | +0.7% | 55% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1449.8
MFI63.1
ADX16.9
Stochastic %K / %D45.4 / 63.4
Williams %R-64.5
CCI9
TSI / signal15.6 / 12.2
Chaikin money flow0.13
ATR$12.55
Bollinger width12.3%
Volume vs 20-day avg1.20x
SupertrendUp
Moving averages and bands
level (price vs level)SMA 20$459.41 (−0.1%)
SMA 50$454.63 (+0.9%)
SMA 200$450.02 (+2.0%)
EMA 21$460.81 (−0.4%)
EMA 50$457.71 (+0.3%)
EMA 200$448.66 (+2.3%)
Bollinger upper$487.58 (−5.9%)
Bollinger lower$431.23 (+6.4%)
Parabolic SAR$480.99 (−4.6%)
Open the live chart, 110+ indicatorsAbout Trane Technologies plc
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
https://www.tranetechnologies.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| David S. Regnery | Chairman of the Board & Chief Executive Officer | $5.2M | 1963 |
| Christopher J. Kuehn | Executive Vice President & Chief Financial Officer | $2.3M | 1973 |
| Donald E. Simmons | Executive VP & COO | $1.6M | 1972 |
| Mauro Atalla | Senior VP, Chief Technology & Sustainability Officer | $1.6M | 1969 |
| Allen W. Ge | Group President of Asia Pacific | — | — |
| Carrie Amendum Ruddy | Senior Vice President, Chief Communications & Marketing Officer | — | — |
| Elizabeth Elwell | Vice President, Chief Accounting Officer & Principal Accounting Officer | — | 1974 |
| Mairead A. Magner | Senior Vice President & Chief Human Resources Officer | — | 1978 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| D. S. Regnery Chair and Chief Executive Officer | 2023 | $1.4M | $9.5M | $4.1M | $22.9M |
| C. J. Kuehn Executive Vice President and Chief Financial Officer | 2023 | $812,500 | $2.3M | $1.5M | $6.0M |
| P. A. Camuti Executive Vice President and Chief Technology and Sustainability Officer | 2023 | $662,500 | $1.2M | $903,002 | $3.7M |
| E. M. Turtz Senior Vice President and General Counsel | 2023 | $622,500 | $1.2M | $599,359 | $3.3M |
| R. D. Pittard Executive Vice President and Chief Integrated Supply Chain Officer | 2023 | $609,625 | $701,452 | $733,739 | $2.9M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-12-04 | $1.05 | 2026-12-31 |
| 2026-09-04 | $1.05 | 2026-09-30 |
| 2026-06-05 | $1.05 | 2026-06-30 |
| 2026-03-06 | $1.05 | 2026-03-31 |
| 2025-12-05 | $0.94 | 2025-12-31 |
| 2025-09-05 | $0.94 | 2025-09-30 |
| 2025-06-06 | $0.94 | 2025-06-30 |
| 2025-03-07 | $0.94 | 2025-03-31 |
Moat model
Narrow · Switching Costs · 2026-06-30Cost advantage67
Intangibles51
Switching costs76
Network effect45
Efficient scale76
Our component scores (0-100) and overall 63.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17