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Forecast

The analysts' average price target is €492.10 (+20.14%). The median is €497.99 (+21.58%).

Buy	13
Hold	13
Sell	1

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Trane Technologies sees record backlog as AI data centers drive cooling demand

Trane Technologies reported a record $12.1 billion backlog, up 70% year over year, driven by strong commercial orders for data-center cooling and a book-to-bill of 135%. Carrier also posted a record $8 billion backlog, with commercial orders up 65% and data-center orders surging 300%, highlighting rising demand for cooling infrastructure from AI deployments. Both stocks trade above their five-year valuation averages, reflecting market expectations for continued AI-driven growth. » More on finance.yahoo.com
Trane Technologies partners with Eaton for integrated AI data center design

Trane Technologies and Eaton unveiled a reference design that combines thermal management and power systems for AI data centers and is tuned for NVIDIA DSX platforms. Eaton supplies power distribution for the integrated Trane Continuum Rubin DSX and Eaton Beam Rubin DSX solution, which enables data exchange between power and cooling systems. The medium-voltage design is said to increase energy efficiency by up to 15%, reduce copper requirements by up to 80%, and cut installation costs by up to 30%, while supporting liquid cooling and DC architectures. » More on de.investing.com
Trane Technologies posts strong Q1 results, boosts outlook after robust commercial HVAC demand

Trane Technologies delivered strong quarterly results driven by robust commercial HVAC demand and a healthy backlog, which supported confidence in its outlook and competitive positioning. Shares have risen in the past month and year, and the company was highlighted as a top contributor in the Industrials sector by an institutional growth strategy. » More on finance.yahoo.com

Historical dividends Dividends

All dividend metrics All metrics

In 2026, Trane Technologies plc has already paid €2.76 in dividends. The last payout was in September.

Financials

In the last quarter, Trane Technologies plc had revenue of €5.57B and net profit of €811.11M

(EUR)	June 2026	YoY
Revenue	5.57B	14.19%
Gross profit	1.98B	8.01%
Net profit	811.11M	9.28%
EBITDA	1.16B	9.66%

Fundamentals

Metric	Value
Market capitalization	€87.83B
Number of shares	220.02M
52-week high/low	€453.91 - €312.31
Dividend yield	0.88%
Dividends TTM	€3.56
Beta	1.16
P/E ratio	33.45
PEG ratio	7.61
P/B ratio	11.37
P/S ratio	4.41

Company profile

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers in the United States; and through sales and service companies with a supporting chain of distributors worldwide. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

Name	Trane Technologies plc
CEO	David S. Regnery
Headquarters	Swords, du Ireland
Website	tranetechnologies.com/en/index.html
Sector	Industrials
Industry	Building Products
IPO	03/17/1980
Employees	44,000