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Trane Technologies Earnings Preview: What to Expect
Yahoo Finance· 2026-01-02 10:27
Company Overview - Trane Technologies plc (TT) is a global climate innovator and industrial technology company with a market cap of $92.2 billion, specializing in HVAC and refrigeration solutions for various applications [1] - The company is headquartered in Swords, Ireland, and operates under leading brands such as Trane and Thermo King, with a corporate lineage dating back to the 19th century [1] Earnings Expectations - Analysts expect TT to report a profit of $2.82 per share on a diluted basis for the fiscal fourth quarter, representing an 8.1% increase from $2.61 per share in the same quarter last year [2] - For the current fiscal year, analysts project TT's EPS to be $13.02, up 16% from $11.22 in fiscal 2024, with further growth expected to $14.80 in fiscal 2026, a year-over-year increase of 13.7% [3] Stock Performance - Over the past year, TT shares have increased by 5%, which is lower than the S&P 500 Index's 16.4% gains and the Industrial Select Sector SPDR Fund's 17.6% gains during the same period [4] Recent Acquisition - On December 2, Trane Technologies announced an agreement to acquire the Digital business of Stellar Energy International, enhancing its position in the data center thermal management market [5] - The acquisition includes Stellar Energy's digital operations, two assembly facilities, and a workforce of approximately 700 employees, which will strengthen Trane's modular design and engineering capabilities [5] Analyst Ratings - The consensus opinion on TT stock is moderately bullish, with a "Moderate Buy" rating overall; out of 22 analysts, eight recommend a "Strong Buy," 13 suggest a "Hold," and one advises a "Strong Sell" [6] - The average analyst price target for TT is $478.16, indicating a potential upside of 22.9% from current levels [6]