Trane Technologies plc - Ordinary Shares - Class A

Trane Technologies plc - Ordinary Shares - Class A

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Market Cap$106.86B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Trane Technologies plc - Ordinary Shares - Class ATrane Technologies plc - Ordinary Shares - Class A37.20.82%24%6.90.5

Earnings Call Q1 2026

April 30, 2026 - AI Summary

Strong Performance and Growth in Bookings: Trane Technologies reported a remarkable 24% increase in organic bookings, reaching a record backlog of $10.7 billion, a 30% increase compared to year-end 2025. Commercial HVAC bookings, particularly in the Americas, increased by approximately 40% year-over-year, highlighting robust demand across various sectors, including data centers.
Revenue and EPS Growth Expectations: The company achieved 3% organic revenue growth, with adjusted EPS growing by 7%. For Q2 2026, management forecasts approximately 5% organic revenue growth, while expecting revenue growth to accelerate to low teens in the latter half of the year, supported by strong backlog and effective execution.
Acquisition Impact and Market Outlook: The recent acquisition of Stellar Energy contributed significantly to the backlog, with around $1 billion from this acquisition alone. Incorporating Stellar is expected to bolster Trane’s capabilities in modular data center cooling solutions, positioning the company strongly in a growing sector.

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$543.89

Target Price by Analysts

10.6% upsideTrane Technologies plc Target Price DetailsTarget Price
$290.09

Current Fair Value

41% downside

Overvalued by 41% based on the discounted cash flow analysis.

Share Statistics

Market cap$106.86 Billion
Enterprise Value$110.40 Billion
Dividend Yield$3.98 (0.82%)
Earnings per Share$13.09
Beta1.21
Outstanding Shares223,100,000

Return

Return on Equity23.52%ROE
Return on Assets8.90%
Return on Invested Capital17.62%

Valuation & Multiples

P/E Ratio37.21P/E Ratio
PEG-1098.05PEG
Price to Sales6.92Price to Sales
Price to Book Ratio12.94Price to Book Ratio
Enterprise Value to Revenue6.96
Enterprise Value to EBIT40.55
Enterprise Value to Net Income54
Total Debt to Enterprise0.04
Debt to Equity0.54Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$2.53
Average shareholder expectation
Revenue Estimate
$4.80 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$4.27
Average shareholder expectation
Revenue Estimate
$6.19 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1062 46.30%
Total Calls326,700 11.12%
Total Puts361,400 91.12%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %85.80% 0.15%
Total Invested$79.64B 6.53%
Investors Holding1,779 47.00%

ESG Score

No data

About Trane Technologies plc

CEO: Michael Lamach

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, capital investment credits, and the overall tax burden on Trane Technologies.

Finance

As the most powerful economic committee, its control over taxation and trade policy directly impacts Trane Technologies' corporate profitability, investment decisions, and the cost of importing/exporting components and finished goods globally.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the precise funding for government buildings, infrastructure projects, and defense programs, which are significant markets and revenue streams for Trane Technologies.

Banking, Housing, and Urban Affairs

This committee's regulation of real estate markets and policies for Housing and Urban Development (HUD) directly impacts new construction and renovation activity, which are primary drivers of demand for Trane Technologies' residential and commercial products.

Energy and Natural Resources

This committee oversees national energy policy and the Department of Energy. Decisions on building energy efficiency standards, renewable energy integration, and grid modernization directly impact demand and technological requirements for Trane Technologies' products and solutions.

Environment and Public Works

This committee regulates the EPA, which sets crucial environmental and energy efficiency standards for HVAC systems and refrigerants. Its role in driving infrastructure spending directly benefits construction and building modernization, key markets for Trane Technologies.

Homeland Security and Governmental Affairs

As the primary oversight body for the executive branch and federal contracting, this committee's decisions on government procurement and efficiency directly impact Trane Technologies, a major supplier of HVAC and building management systems for government facilities and federal projects.