Trane Technologies plc - Ordinary Shares - Class A

Trane Technologies plc - Ordinary Shares - Class A

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Market Cap$100.57B
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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 A34.30.87%34%4.60.5

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Strong demand + record backlog driving visibility (key “good”): - Q2 enterprise organic bookings +37% YoY and record backlog of $12.1B (+70% YoY); organic revenue +9% YoY. - Commercial HVAC (Americas) standout: bookings +50% YoY, organic revenue low teens; pipeline remains “really, really strong” and still refilling (not just backlog building). - Applied bookings +130% YoY (4th straight quarter >100% growth); management says backlog is now ~90–95% commercial HVAC and ~$6B is slated for 2027 and beyond.
Guidance raised for 2026 (key forecast): - Full-year organic revenue growth ~9% (raised) and adjusted EPS guidance raised to $15.20–$15.30. - Q3 expectations: ~10% organic revenue growth and adjusted EPS ~ $4.70. - Management emphasized 2H acceleration supported by backlog/carry-through; incremental leverage improves after cost headwinds in earlier quarters.
Margins: improving after headwinds, but EMEA Middle East remains the main drag (good + bad): - Americas + Asia margins healthy, supported by operational excellence despite added investment for capacity/innovation/channel expansion. - EMEA affected by Middle East conflict; management took cost actions at end of June (rightsizing positions/infrastructure alignment). - They expect deleverage to be within gross margins into 2H and revenues down ~30% in EMEA (Middle East impact baked into the guide). - Margin trajectory guidance: management suggested ~50 bps YOY margin expansion in Q3 with >1.0 point margin expansion in Q4, led primarily by Americas; Asia small but improving.

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$545.00

Target Price by Analysts

19.8% upsideTrane Technologies plc Target Price DetailsTarget Price
$284.60

Current Fair Value

37.4% downside

Overvalued by 37.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$100.57 Billion
Enterprise Value$103.87 Billion
Dividend Yield$3.98 (0.87%)
Earnings per Share$13.09
Beta1.2
Outstanding Shares223,100,000

Return

Return on Equity34.11%ROE
Return on Assets12.33%
Return on Invested Capital25.34%

Valuation & Multiples

P/E Ratio34.31P/E Ratio
PEG0.09PEG
Price to Sales4.6Price to Sales
Price to Book Ratio11.97Price to Book Ratio
Enterprise Value to Revenue4.68
Enterprise Value to EBIT26.39
Enterprise Value to Net Income35
Total Debt to Enterprise0.04
Debt to Equity0.53Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$4.27
Average shareholder expectation
Revenue Estimate
$6.20 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$4.67
Average shareholder expectation
Revenue Estimate
$6.46 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 110.62%
Total Calls- 100.00%
Total Puts6,600 98.17%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %5.81% 79.99%
Total Invested$6.04B 92.42%
Investors Holding792 991.00%

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.