Here's why investors should hold TT stock in their portfolios now
Trane Technologies plc TT benefits from sustained heating, ventilation and air conditioning (HVAC) demand, a record backlog ...
Model output · Signal date 2026-10-16
Trane Technologies Plc (TT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
▼ Bearish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Bottom 35%
of 5171 stocks scored
Rank correlation · 90D
37.0%
Spearman, 357 dates
Market Cap
$100.63B
large-cap
Summary
Trane Technologies Plc (TT) stock forecast summary
Our AI ranks Trane Technologies Plc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Trane Technologies Plc is a large-cap company with a market capitalization of $100.63B.
For TT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 37.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 21.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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TT price chart and AI forecast
Cross-section · 2026-10-16
How TT ranks among 5171 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Trane Technologies Plc (TT) fundamentals
Trailing twelve months.
Valuation & Market
| Metric | TT | Rank |
|---|---|---|
| Market Cap | $100.63B | – |
| P/E Ratio | 34.65x | – |
| P/B Ratio | 11.73x | – |
| Dividend Yield | 0.87% | – |
| EPS | $13.20 | – |
| Book Value/Share | $38.99 | – |
| Revenue/Share | $100.94 | – |
| FCF/Share | $16.12 | – |
Profitability & Margins
| Metric | TT | Rank |
|---|---|---|
| ROE | 30.6% | – |
| Gross Margin | 34.5% | – |
| Operating Margin | 18.8% | – |
| Net Margin | 12.4% | – |
| EBT Margin | 17.6% | – |
| Tax Rate | 19.0% | – |
Financial Health
| Metric | TT | Rank |
|---|---|---|
| Current Ratio | 1.07x | – |
| Quick Ratio | 0.76x | – |
| D/E Ratio | 1.49x | – |
| Interest Coverage | 23.1x | – |
| Working Capital | $616M | – |
Cash Flow
| Metric | TT | Rank |
|---|---|---|
| Operating Cash Flow | $3.88B | – |
| Free Cash Flow | $3.55B | – |
| Capital Spending | -$330M | – |
| OCF Growth YoY | 19.9% | – |
| FCF Growth YoY | 26.1% | – |
| FCF/Sales | 16.0% | – |
| CapEx/Sales | 1.5% | – |
Operational Efficiency
| Metric | TT | Rank |
|---|---|---|
| Receivables Turnover | 5.2x | – |
| Inventory Turnover | 5.6x | – |
| Fixed Assets Turnover | 9.3x | – |
| Days Sales Outstanding | 70 days | – |
| Days Inventory | 66 days | – |
| Payables Period | 75 days | – |
| Cash Conversion Cycle | 61 days | – |
Income Statement
| Metric | TT | Rank |
|---|---|---|
| Total Revenue | $22.21B | – |
| Operating Income | $3.98B | – |
| Net Income | $2.62B | – |
| SG&A Expense | $3.88B | – |
| Cost of Goods Sold | $14.55B | – |
Dividend & Shareholder Information
| Metric | TT | Rank |
|---|---|---|
| Dividends Per Share | $4.00 | – |
| Payout Ratio | 30.3% | – |
| Shares Outstanding | 220M | – |
| Net Income Growth | -8.2% | – |
| EPS Growth | 4.8% | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $9.01B | 42.0% of assets |
| Cash & Short-term Investments | $1.32B | 6.2% of assets |
| Accounts Receivable | $4.23B | 19.8% of assets |
| Inventory | $2.62B | 12.2% of assets |
| Total Liabilities | $12.82B | 59.8% of assets |
| Short-term Debt | $5.41B | 25.3% of assets |
Quarterly Financial Reports
TT quarterly financials and insider trading
Industry Peers · Auto Controls For Regulating Residential & Comml Environments
Trane Technologies Plc (TT) industry peers
Companies classified under the same SEC industry code as Trane Technologies Plc (Auto Controls For Regulating Residential & Comml Environments): 1 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| TT Trane Technologies Plc | ▼ | $100.63B |
Where TT sits on the market map
Industrial Applications and Services · Auto Controls For Regulating Residential & Comml Environments
News
Trane Technologies Plc (TT) stock news
Earnings preview: What to expect from Trane Technologies' report
Swords, Ireland-based Trane Technologies plc (TT) designs, manufactures, sells, and services solutions for heating, ...
Trane Technologies (TT) Provides Exposure to Heating, Cooling, and Building Efficiency
Guinness Global Investors recently released its “Guinness Sustainable Energy Fund” Q3 2026 investor letter. A copy of the letter can be downloaded here. The fund faced a challenging third-quarter 2026 ...
FAQ
Trane Technologies Plc (TT) stock forecast FAQ
What is the Trane Technologies Plc (TT) stock forecast?
Our AI ranks Trane Technologies Plc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Trane Technologies Plc stock predictions?
For TT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 37.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 21.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Trane Technologies Plc forecasts updated?
Trane Technologies Plc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.