TT
Trane Technologies
$491.59
▲ 1.7%Updated Today 7:15 PM ET
▲ Up 15.1% over the last 12 months
Market Cap
$106.86B
P/E
36.65x
Forward P/E (est.)
34.08x
ROE
34.8%
Revenue Growth
6.4%
EPS Growth
7.5%
Profit Margin
13.4%
FCF Yield
2.1%
Debt / Equity
0.54x
ROIC
24.0%
Interest Coverage
17.5x
Current Ratio
1.1x
Dividend Yield
0.9%
Implied Growth (rev. DCF)
6.2%
Rating Score
53/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TT's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TT trades near $491.59, above its 50-day average ($467.85) and 200-day average ($430.33). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 60 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. TT's is $13.64 (~2.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month TT found buyers near $439.42 (support) and sellers near $484.41 (resistance); its 52-week range is $348.06–$503.47. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.6× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Trane Technologies (TT) is a large-cap company in the Building Products industry, part of the Industrials sector of the S&P 500, with a market value around $106.86B.
In its latest reported year it generated about $21.32B in revenue and $2.92B in net profit.
Our model rates TT Neutral (53/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
10.8%
Revenue moved from $14.14B in 2021 to $21.32B in 2025, a 10.8% compound annual growth rate. The most recent year grew a steady 6.4% year over year. Slower, mature growth is common for established businesses.
Gross Margin
35.9%
Operating Margin
18.6%
Net Margin
13.7%
ROE
34.8%
Trane Technologies keeps about 13.4% of each sales dollar as net profit, with a 35.9% gross margin and 18.6% operating margin. Return on equity is 34.8% and return on invested capital about 24.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$4.62B
Net Debt
$2.85B
Net Debt / EBITDA
0.72x
Debt / Equity
0.54x
Leverage: debt-to-equity is 0.5x, and operating profit covers interest about 17.5x, with a current ratio of 1.1x. That is a moderate, manageable debt load for most businesses. It carries roughly $4.62B of total debt against $1.76B of cash.
Operating CF
$3.19B
Free Cash Flow
$2.81B
FCF Margin
13.2%
In the latest year Trane Technologies produced about $3.19B of operating cash flow and $2.81B of free cash flow after capital spending. That is a free-cash-flow yield of about 2.1% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
36.65x
P/S
4.9x
P/B
10.23x
EV / EBITDA
24.73x
TT trades at 36.7x trailing earnings (about 34.1x on estimated forward earnings), 4.9x sales, and 10.2x book value. Reverse-engineering today's price implies the market expects roughly 6.2% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How TT stacks up against its Industrials peers — valuation, profitability, and growth versus the sector median.
In the Industrials sector (80 S&P 500 companies), TT ranks #36 of 80 by our overall rating. It trades at a premium versus the sector on earnings (36.7x P/E vs. 30x median) with a higher return on equity (34.8% vs. 24.7%) and faster revenue growth (6.4% vs. 5.0%).
P/E vs sector
36.7x
median 30x
ROE vs sector
34.8%
median 24.7%
Growth vs sector
6.4%
median 5.0%
Sector rank
#36
of 80 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Industrials companies by sub-industry and size. Sector median is across all 80 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$397.56 – $668.63
vs. $491.59 today · expected CAGR -4% – 6%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $22.60B | $23.96B | $25.39B | $26.92B | $28.53B |
| Net income | $3.16B | $3.35B | $3.56B | $3.77B | $3.99B |
| EPS | $14.31 | $15.17 | $16.08 | $17.05 | $18.07 |
| Share price (low) | $314.91 | $333.80 | $353.83 | $375.06 | $397.56 |
| Share price (high) | $529.61 | $561.39 | $595.08 | $630.78 | $668.63 |
| CAGR (low–high) | -36% / 8% | -18% / 7% | -10% / 7% | -7% / 6% | -4% / 6% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for TT:
- Strong return on equity (34.8%) shows capital is put to work well.
- As an established S&P 500 member in Industrials, it brings scale and a long operating history.
The case against TT:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 36.7x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Trane Technologies is a large-cap industrials business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 36.7x earnings, which our model scores Neutral (53/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.