Industrials · Industrial - Machinery
Price
$477.89
Market Cap
$105.6B
Employees
44,000
Beta
1.21
Avg Volume
1,418,201
CEO
David S. Regnery
Business Description
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.
Business History
Price Overview
Last updated: Jun 28, 2026 5:26am (just now)$477.89
-25.57 (-5.08%)
Day Range
$474.37 – $499.00
52-Week Range
$348.06 – $505.87
50-Day MA
$470.50
200-Day MA
$432.55
Volume
2,964,208.00
Analyst Price Targets
Low
$450.00
Consensus
$525.00
High
$585.00
(59 analysts)
Share Structure
Outstanding
221,055,000.00
Float
220,330,160.66
Free Float
99.7%
High free float
— 99.7% of shares trade freely, ~0.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
36.79
Stock Price: $477.89
EPS (Diluted): 13.09
EPS (Diluted): 13.09
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
10.12
Stock Price: $477.89
Total Equity: $8.60B
Shares: 223,600,000
Total Equity: $8.60B
Shares: 223,600,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
25.60
Market Cap: $105.64B
Total Debt: $4.62B
Cash: $1.76B
EBITDA: $4.17B
Total Debt: $4.62B
Cash: $1.76B
EBITDA: $4.17B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$89.9B
Market Cap: $105.64B
Total Debt: $4.62B
Cash: $1.76B
Total Debt: $4.62B
Cash: $1.76B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
36.2%
Gross Profit: $7.71B
Revenue: $21.32B
Revenue: $21.32B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
18.6%
Operating Income: $3.97B
Revenue: $21.32B
Revenue: $21.32B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
13.7%
Net Income: $2.92B
Revenue: $21.32B
Revenue: $21.32B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
34.7%
Net Income: $2.92B
Total Equity: $8.60B
Total Equity: $8.60B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
19.6%
Operating Income: $3.97B
Tax Rate: 19.2%
Equity: $8.60B
Total Debt: $4.62B
Cash: $1.76B
Tax Rate: 19.2%
Equity: $8.60B
Total Debt: $4.62B
Cash: $1.76B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.25
Current Assets: $7.86B
Current Liabilities: $6.29B
Current Liabilities: $6.29B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.54
Short-Term Debt: $693.00M
Long-Term Debt: $3.92B
Total Debt: $4.62B
Total Equity: $8.60B
Long-Term Debt: $3.92B
Total Debt: $4.62B
Total Equity: $8.60B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$95.36
Revenue: $21.32B
Shares: 223,600,000
Shares: 223,600,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$38.47
Total Equity: $8.60B
Shares: 223,600,000
Shares: 223,600,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$12.57
Operating CF: $3.19B
CapEx: -$383.00M
Shares: 223,600,000
CapEx: -$383.00M
Shares: 223,600,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.0%
Last Dividend: N/A
Stock Price: $477.89
Stock Price: $477.89
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.92B
Net Income: $2.92B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 28, 2026 5:26am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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 |
| Operating Expenses | $2.4B | $2.5B | $3.0B | $3.6B | $3.7B |
| Operating Income | $2.0B | $2.4B | $2.9B | $3.5B | $4.0B |
| Net Income | $1.4B | $1.8B | $2.0B | $2.6B | $2.9B |
| EBITDA | $2.3B | $2.7B | $3.1B | $3.9B | $4.2B |
| EPS | $5.96 | $7.55 | $8.85 | $11.44 | $13.09 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 28, 2026 5:26am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.2B | $1.2B | $1.1B | $1.6B | $1.8B |
| Total Current Assets | $6.5B | $6.4B | $6.9B | $7.3B | $7.9B |
| Total Assets | $18.1B | $18.1B | $19.4B | $20.1B | $21.4B |
| 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 |
| Total Equity | $6.3B | $6.1B | $7.0B | $7.5B | $8.6B |
| Retained Earnings | $8.4B | $8.3B | $9.1B | $9.8B | $10.4B |
Cash Flow (Annual)
Last updated: Jun 28, 2026 5:26am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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 |
| Acquisitions (net) | -$269.2M | -$234.7M | -$862.8M | -$180.3M | -$276.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.1B | -$1.2B | -$669.3M | -$1.3B | -$1.5B |
| Net Change in Cash | -$1.1B | -$938.7M | -$125.2M | $494.8M | $173.2M |
Analyst Estimates (Annual)
Last updated: Jun 28, 2026 5:26am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$25.3B $24.4B – $25.7B
|
$27.5B $27.4B – $27.5B
|
$30.3B $29.6B – $30.8B
|
$33.5B $32.7B – $34.1B
|
| EBITDA |
$6.0B $5.8B – $6.1B
|
$6.5B $6.5B – $6.5B
|
$7.2B $7.0B – $7.3B
|
$8.0B $7.8B – $8.1B
|
| Net Income |
$3.8B $3.7B – $3.9B
|
$4.4B $4.1B – $4.6B
|
$5.1B $4.9B – $5.2B
|
$5.9B $5.7B – $6.0B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 28, 2026 5:26am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +13.1% | +10.5% | +12.2% | +7.5% |
| Gross Profit Growth | +11.1% | +18.0% | +20.9% | +8.9% |
| Operating Income Growth | +19.6% | +19.6% | +20.9% | +13.4% |
| Net Income Growth | +23.4% | +15.2% | +26.9% | +13.7% |
| EBITDA Growth | +17.1% | +16.0% | +22.5% | +8.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-05 | HAYES JOHN A | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | HAYES JOHN A | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-03-05 | HAYES JOHN A | P-Purchase | 400.00 | $430.44 | $172,176 |
| 2026-06-05 | Arnold Kirk E | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | Arnold Kirk E | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-06-05 | de Jesus Assis Ana Paula | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | de Jesus Assis Ana Paula | F-InKind | 224.00 | $456.84 | $102,332 |
| 2026-06-05 | BERZIN ANN C | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | BERZIN ANN C | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-06-05 | Miller Boise April | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | Miller Boise April | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-06-05 | George Mark R | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | George Mark R | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-06-05 | Lee Myles P | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | Lee Myles P | F-InKind | 224.00 | $456.84 | $102,332 |
| 2026-06-05 | Pine Matthew Francis | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | Pine Matthew Francis | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-06-05 | Schaeffer Melissa N. | A-Award | 438.00 | $0.00 | $0 |
| 2026-06-05 | Schaeffer Melissa N. | F-InKind | 112.00 | $456.84 | $51,166 |
| 2026-06-05 | SURMA JOHN P | A-Award | 438.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 28, 2026 5:26am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-09-04 | $1.05 | 2026-06-05 | 2026-09-04 | 2026-09-30 |
| 2026-06-05 | $1.05 | 2026-04-01 | 2026-06-05 | 2026-06-30 |
| 2026-03-06 | $1.05 | 2026-02-04 | 2026-03-06 | 2026-03-31 |
| 2025-12-05 | $0.94 | 2025-10-08 | 2025-12-05 | 2025-12-31 |
| 2025-09-05 | $0.94 | 2025-06-05 | 2025-09-05 | 2025-09-30 |
| 2025-06-06 | $0.94 | 2025-04-03 | 2025-06-06 | 2025-06-30 |
| 2025-03-07 | $0.94 | 2025-01-05 | 2025-03-07 | 2025-03-31 |
| 2024-12-06 | $0.84 | 2024-10-09 | 2024-12-06 | 2024-12-31 |
| 2024-09-06 | $0.84 | 2024-06-07 | 2024-09-06 | 2024-09-30 |
| 2024-06-07 | $0.84 | 2024-04-04 | 2024-06-07 | 2024-06-28 |
| 2024-02-29 | $0.84 | 2024-02-07 | 2024-03-01 | 2024-03-29 |
| 2023-11-30 | $0.75 | 2023-10-04 | 2023-12-01 | 2023-12-29 |
| 2023-08-31 | $0.75 | 2023-06-02 | 2023-09-01 | 2023-09-29 |
| 2023-06-01 | $0.75 | 2023-04-06 | 2023-06-02 | 2023-06-30 |
| 2023-03-02 | $0.75 | 2023-02-09 | 2023-03-03 | 2023-03-31 |
| 2022-12-01 | $0.67 | 2022-10-12 | 2022-12-02 | 2022-12-30 |
| 2022-09-01 | $0.67 | 2022-06-02 | 2022-09-02 | 2022-09-30 |
| 2022-06-02 | $0.67 | 2022-04-08 | 2022-06-03 | 2022-06-30 |
| 2022-03-03 | $0.67 | 2022-02-03 | 2022-03-04 | 2022-03-31 |
| 2021-12-02 | $0.59 | 2021-10-06 | 2021-12-03 | 2021-12-31 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TT — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30