Can Trane Technologies' $12.1B Backlog Fuel Further Growth?
TT's $12.1B backlog, surging bookings and higher 2026 outlook signal strong demand visibility and momentum through the rest of the year.
Zacks Investment Research9/25/2026Positive
TT
Trane Technologies plcNYSEINDUSTRIALSBUILDING PRODUCTS & EQUIPMENT
Key Statistics
Market Cap
$99.99B
P/E Ratio
33.86
EPS
$13.42
Beta
1.20
52W High
$504.68
52W Low
$345.62
50-Day MA
$456.41
200-Day MA
$445.94
Dividend Yield
0.91%
Profit Margin
13.30%
Forward P/E
25.19
PEG Ratio
1.55
About Trane Technologies plc
Trane Technologies plc is an American Irish domiciled diversified industrial manufacturing company. It is headquartered near Dublin, Ireland.
Fundamentals
| Revenue (TTM) | $22.21B |
| Gross Profit (TTM) | $7.86B |
| EBITDA | $4.31B |
| Operating Margin | 19.30% |
| Return on Equity | 36.60% |
| Return on Assets | 11.00% |
| Revenue/Share (TTM) | $100.16 |
| Book Value | $39.14 |
| Price-to-Book | 11.17 |
| Price-to-Sales (TTM) | 4.50 |
| EV/Revenue | 4.479 |
| EV/EBITDA | 22.91 |
| Quarterly Earnings Growth (YoY) | 7.10% |
| Quarterly Revenue Growth (YoY) | 10.60% |
| Shares Outstanding | $220.02M |
| Float | $219.42M |
| % Insiders | 0.27% |
| % Institutions | 90.83% |
Historical Volatility
HV 10-Day
29.58%
HV 20-Day
22.95%
HV 30-Day
22.50%
HV 60-Day
24.85%
HV Rank
22.6%
Volatility is currently expanding
Analyst Ratings
Consensus ($527.40 target)
2
Strong Buy11
Buy11
HoldLatest News
GEN vs. TT: Which Stock Is the Better Value Option?
Investors looking for stocks in the Technology Services sector might want to consider either Gen Digital (GEN) or Trane Technologies (TT). But which of these two stocks presents investors with the better value opportunity right now?
Zacks Investment Research9/21/2026Neutral
Trane Technologies (TT) Suffers a Larger Drop Than the General Market: Key Insights
In the closing of the recent trading day, Trane Technologies (TT) stood at $426.01, denoting a -3.73% move from the preceding trading day.
Zacks Investment Research9/14/2026Negative
Here's Why You Should Add Trane Technologies Stock to Your Portfolio
TT's strong backlog, robust HVAC demand and rising earnings estimates highlight its growth prospects and financial flexibility.
Zacks Investment Research9/11/2026Positive
Trane Technologies (TT) is a Top-Ranked Growth Stock: Should You Buy?
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Zacks Investment Research9/8/2026Positive
Trane Technologies to Present at the Morgan Stanley Laguna Conference
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, today announced that company leadership will participate in a fireside chat at the Morgan Stanley Laguna Conference. They will speak at 10:45 a.m. PST on Tuesday, September 15, 2026. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days following the event. About.
Business Wire9/3/2026Neutral
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.
Zacks Investment Research8/24/2026Neutral
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.
Zacks Investment Research8/24/2026Positive
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.
Seeking Alpha8/20/2026Positive
Here's Why You Should Hold Trane Technologies Stock in Your Portfolio
TT's AI data center collaboration, sustainability push and shareholder returns support growth as geopolitical risks loom.
Zacks Investment Research8/18/2026Positive
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Data last updated: 9/26/2026