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NYSE · US · Building Products & Equipment

TT Trane Technologies

Chillers and thermal systems

Tight + uptrend Its supply chain is tightening and the stock trades above its 50-day average. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$455.0
+2.27% today
1W
−2.2%
1M
+0.1%
3M
−3.0%
YTD
+17.7%
1Y
+7.6%
Off 52w high
−9.4%
Next earnings (est.): 2026-10-29
Market cap$97.89B
P/E (trailing)33.1Forward 25.2
EV / sales4.6×EV/EBITDA 23.7×
Revenue (TTM)$22.21BGrowth 10.6% y/y
Margins35.4%gross · op 19.2%
Free cash flow$3.12BCash $1.32B · debt $4.62B
Analyst target$529.1+16.3% upside · 23 analysts · buy
Riskβ 1.16Short 1.7% of float · yield 0.94%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

TT · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-30EarningsBeat / raise

    Reported EPS 4.31 vs 4.26 expected (+1.1% surprise).

  2. 7
    2026-04-30EarningsBeat / raise

    Reported EPS 2.63 vs 2.53 expected (+3.9% surprise).

  3. 6
    2026-01-29EarningsBeat / raise

    Reported EPS 2.86 vs 2.81 expected (+1.6% surprise).

  4. 5
    2025-10-30EarningsBeat / raise

    Reported EPS 3.88 vs 3.78 expected (+2.7% surprise).

  5. 4
    2025-07-30EarningsBeat / raise

    Reported EPS 3.88 vs 3.79 expected (+2.3% surprise).

  6. 3
    2025-04-30EarningsBeat / raise

    Reported EPS 2.45 vs 2.2 expected (+11.3% surprise).

  7. 2
    2025-01-30EarningsBeat / raise

    Reported EPS 2.61 vs 2.54 expected (+2.7% surprise).

  8. 1
    2024-10-30EarningsBeat / raise

    Reported EPS 3.37 vs 3.24 expected (+4.0% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-304.264.31+1.1%
2026-04-302.532.63+3.9%
2026-01-292.812.86+1.6%
2025-10-303.783.88+2.7%
2025-07-303.793.88+2.3%
2025-04-302.22.45+11.3%
2025-01-302.542.61+2.7%
2024-10-303.243.37+4.0%
2024-07-313.083.3+7.1%
2024-04-301.651.94+17.7%
2024-02-012.132.17+1.7%
2023-11-012.662.79+4.8%
2023-08-022.562.68+4.8%
2023-05-031.341.41+5.5%
2023-02-021.641.82+10.7%
2022-11-022.122.27+7.0%
2022-08-032.12.16+3.0%
2022-05-040.991.12+13.3%
2022-01-311.311.36+3.7%
2021-11-031.851.8−2.6%
2021-08-041.891.92+1.8%
2021-05-050.621.01+62.2%
2021-02-050.931.03+10.9%
2020-10-281.331.72+29.1%

About Trane Technologies

Website ↗

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 m…

44,000 employees · Swords, Ireland

Rack densities above ~100kW make direct-to-chip liquid cooling the default. CDUs, cold plates and heat rejection scale with GPU power.

Cold plate→CDU→Facility loop→Heat rejection

What would prove us wrong. Weakens if air-cooled designs reclaim high-density AI halls.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
VRT
Vertiv
Power and liquid-cooling chain for AI racks $200.1+2.98%−21.0%+23.6%
MOD
Modine Manufacturing
Data-centre chillers and CDUs $133.5+0.14%−32.6%+0.0%
NVT
nVent Electric
Liquid cooling and enclosures $131.0+4.47%−20.2%+29.3%
JCI
Johnson Controls
Building systems and data-centre cooling $148.1+2.85%−1.4%+24.7%
3017.TW
Asia Vital Components
Cold plates and liquid cooling modules NT$3,145.00.00%−7.9%+109.5%
3324.TWO
Auras Technology
Liquid-cooling components NT$1,360.00.00%−10.5%+36.2%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.