Trane Technologies (TT)
Industrials · NYSE · US
Price as at 1 Oct 2026, 19:47 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Trane Technologies trades at $460.29, which is 58% above the $191.88 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 68 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 36.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TT dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.05 | 1 |
| 2025 | $0.940 | 1 |
| 2024 | $3.36 | 4 |
| 2023 | $3.00 | 4 |
| 2022 | $2.68 | 4 |
| 2021 | $2.36 | 4 |
| 2020 | $2.12 | 4 |
| 2019 | $1.64 | 4 |
| 2018 | $1.52 | 4 |
| 2017 | $1.32 | 4 |
| 2016 | $1.06 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TT earnings and analyst estimates
Recommendation mix, 24 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Trane Technologies
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TT passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Politician trades in TT
We hold 9 disclosed trades in TT by members of Congress and executive-branch officials. The latest 5:
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 23 Jun 2026 · disclosed 22 Aug 2026
- Donald J Trump · Executive branchSell · $50,001 - $100,000 · traded 12 Jun 2026 · disclosed 22 Aug 2026
- Alan Armstrong · SenateSell · $15,001 - $50,000 · traded 27 Mar 2026 · disclosed 21 Jul 2026
- Daniel Goldman · HouseSell · $15,001 - $50,000 · traded 10 Jul 2023 · disclosed 13 Aug 2023
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 9 Oct 2020 · disclosed 5 Nov 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
TT peers
The largest companies in the same industry, then in the same sector.
- ATCO-A.ST Atlas Copco
- VOLV-B.ST Volvo AB
- SAND.ST Sandvik
- DSV.CO DSV
- ASSA-B.ST Assa Abloy
- CAT Caterpillar Inc.
- CYATY CONTEMPORARY AMPEREX TECHNOLOGY
- GE GE Aerospace
Every industrials company we cover is on the Industrials hub.
Common questions
Is Trane Technologies (TT) undervalued?
Against our fair value estimate of $191.88, TT at $460.29 is 58% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is TT's P/E ratio?
TT trades at 36.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Trane Technologies (TT) pay a dividend?
Yes. Trane Technologies yields 0.89% at the current share price. It has paid $1.05 per share over the trailing twelve months. It has paid a dividend in each of the last 43 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TT data?
Fundamentals for TT come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 19:47 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TT, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.