Trane Technologies plc (TT)
Summary
Is TT Stock Worth Buying as Growth Runs Into a Premium Valuation?
Trane Technologies has record bookings, a $12.1B backlog and rising earnings estimates, but premium valuation and margin pressure temper the buy case.
Can TT's Raised 2026 Outlook Hold as HVAC Backlog Reaches a Record?
Trane Technologies raises its 2026 outlook as record HVAC backlog boosts visibility, but inflation and EMEA weakness test profit conversion.
2 Quality Stocks Showing An Entry Point: Trane Technologies And AltaGas
Trane's dividend triangle is strong. Revenue has grown 9.8% a year over five years, earnings per share 18.75%, and the dividend 12.2%. The moat sits in the installed base. AltaGas' Q2 2026 was another record. Normalized EBITDA rose 14% to CA$391M and normalized earnings per share rose 15% to CA$0.31, with Midstream up 33% on record LPG exports of 144,420 barrels a day to Asia. Both names are on my list because I see a play in each, and price is part of that play. Let me be clear about the size of it. Neither one is a big bargain.
Trane Technologies plc Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KH Kevin Heal ARGUS INVESTORS' COUNSEL Inc. | 7,618 | $2.34M | $3.47M | $1.13M | 48.15% |
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 6,062 | $1.9M | $2.76M | $862,392.94 | 45.5% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 13 | $4,471 | $5,914.35 | $1,443.35 | 32.28% |
 Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 1,586 | $561,787.78 | $756,506.14 | $194,718.36 | 34.66% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 235 | $94,662.8 | $106,913.25 | $12,250.45 | 12.94% |
Trane Technologies plc Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| VG Varun Govindaraj Bernstein | 55.6 | $26,684.07 | $26,684.07 | - | - |
Trane Technologies plc (TT) FAQ
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Trane Technologies plc Profile
| Industrial Conglomerates Industry | Industrials Sector | David S. Regnery CEO | NYSE Exchange | G8994E106 CUSIP |
| IE Country | 44,000 Employees | 4 Sep 2026 Last Dividend | 2 Mar 2020 Last Split | 1 Jul 1985 IPO Date |
Overview
Trane Technologies plc, headquartered in Swords, Ireland, stands as a pivotal entity in the designing, manufacturing, selling, and servicing of heating, ventilation, air conditioning (HVAC), and transport refrigeration solutions. Formerly known as Ingersoll-Rand Plc, the company underwent a name change in March 2020, continuing its legacy since its inception in 1885. Operating under the renowned brands Trane and Thermo King, Trane Technologies serves a global clientele through its comprehensive network of sales offices, distributors, dealers in the United States, and sales and service companies backed by distributors worldwide.
Products and Services
Trane Technologies offers an extensive portfolio of products and services designed to meet a wide array of heating, cooling, and refrigeration needs across various sectors. Key offerings include:
In addition to products, Trane Technologies provides services such as energy and facility management, installation and performance contracting, repair and maintenance, and rental services, supporting the lifecycle of HVAC and refrigeration systems.
