Aristotle Capital Management LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT – Free Report) by 26.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,555 shares of the company’s stock after selling 88,000 shares during the period. Aristotle Capital Management LLC owned approximately 0.11% of Trane Technologies worth $102,333,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc raised its holdings in Trane Technologies by 12.2% in the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after buying an additional 22 shares during the period. Fiduciary Family Office LLC raised its position in Trane Technologies by 1.5% in the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock valued at $612,000 after purchasing an additional 23 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Trane Technologies by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after purchasing an additional 23 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Trane Technologies by 1.6% in the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after buying an additional 24 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in shares of Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
Insider Activity at Trane Technologies In other Trane Technologies news, insider Donald E. Simmons sold 4,593 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the sale, the insider owned 3,819 shares in the company, valued at approximately $1,909,500. This trade represents a 54.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.
Trane Technologies Price Performance Shares of NYSE TT opened at $481.09 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. The firm has a market capitalization of $106.35 billion, a PE ratio of 37.21, a P/E/G ratio of 2.21 and a beta of 1.19. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. The business’s fifty day moving average price is $470.13 and its two-hundred day moving average price is $449.87.
Trane Technologies (NYSE:TT – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts expect that Trane Technologies plc will post 14.89 EPS for the current year.
Trane Technologies Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio is 32.48%.
Analyst Ratings Changes Several equities analysts recently commented on the company. Evercore assumed coverage on Trane Technologies in a research report on Monday, April 13th. They set an “outperform” rating and a $535.00 price target on the stock. Citigroup lifted their price objective on shares of Trane Technologies from $525.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Barclays upped their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada raised their target price on Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $516.67.
View Our Latest Analysis on Trane Technologies
About Trane Technologies (Free Report)
Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.
In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.
Further Reading Five stocks we like better than Trane Technologies AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding TT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trane Technologies plc (NYSE:TT – Free Report).
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In the latest trading session, Trane Technologies (TT - Free Report) closed at $479.71, marking a +1.29% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 1.21% for the day. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The manufacturer's stock has dropped by 1.98% in the past month, falling short of the Business Services sector's gain of 3.63% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Trane Technologies in its upcoming release. The company plans to announce its earnings on July 30, 2026. The company is forecasted to report an EPS of $4.27, showcasing a 10.05% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.18 billion, up 7.49% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.89 per share and revenue of $23.24 billion, indicating changes of +14.01% and +8.98%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Trane Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.11% higher. Right now, Trane Technologies possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Trane Technologies currently has a Forward P/E ratio of 31.81. Its industry sports an average Forward P/E of 16.57, so one might conclude that Trane Technologies is trading at a premium comparatively.
Meanwhile, TT's PEG ratio is currently 2.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Wall Street expects a year-over-year increase in earnings on higher revenues when Trane Technologies (TT - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis manufacturer is expected to post quarterly earnings of $4.27 per share in its upcoming report, which represents a year-over-year change of +10.1%.
Revenues are expected to be $6.18 billion, up 7.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.09% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Trane Technologies?For Trane Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.64%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Trane Technologies will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Trane Technologies would post earnings of $2.53 per share when it actually produced earnings of $2.63, delivering a surprise of +3.95%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Trane Technologies appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
ABN Amro Investment Solutions acquired a new stake in shares of Trane Technologies plc (NYSE:TT – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 171,433 shares of the company’s stock, valued at approximately $71,443,000. Trane Technologies makes up approximately 0.9% of ABN Amro Investment Solutions’ portfolio, making the stock its 20th biggest holding. ABN Amro Investment Solutions owned about 0.08% of Trane Technologies as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc increased its position in shares of Trane Technologies by 12.2% in the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after acquiring an additional 22 shares during the period. Fiduciary Family Office LLC raised its stake in shares of Trane Technologies by 1.5% in the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after purchasing an additional 23 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Trane Technologies by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after purchasing an additional 23 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of Trane Technologies by 1.6% during the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after purchasing an additional 24 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after buying an additional 24 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of equities analysts have issued reports on TT shares. Sanford C. Bernstein set a $555.00 price target on shares of Trane Technologies in a research report on Thursday, July 9th. BNP Paribas Exane initiated coverage on shares of Trane Technologies in a report on Tuesday, April 14th. They set an “outperform” rating and a $550.00 target price for the company. Barclays boosted their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research report on Friday. Finally, Royal Bank Of Canada lifted their price objective on Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus target price of $516.67.
Get Our Latest Analysis on TT
Insider Activity at Trane Technologies In other news, insider Donald E. Simmons sold 4,593 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $500.00, for a total transaction of $2,296,500.00. Following the completion of the transaction, the insider directly owned 3,819 shares of the company’s stock, valued at $1,909,500. This represents a 54.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.
Trane Technologies Trading Up 0.5% Shares of Trane Technologies stock opened at $470.42 on Wednesday. The firm has a 50-day simple moving average of $469.78 and a two-hundred day simple moving average of $448.47. The company has a market cap of $103.99 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10.
Trane Technologies (NYSE:TT – Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.10. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. As a group, equities analysts predict that Trane Technologies plc will post 14.89 earnings per share for the current fiscal year.
Trane Technologies Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s payout ratio is 32.48%.
Trane Technologies Profile (Free Report)
Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.
In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.
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Boston Common Asset Management LLC lifted its holdings in Trane Technologies plc (NYSE:TT – Free Report) by 8.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 19,467 shares of the company’s stock after buying an additional 1,490 shares during the quarter. Boston Common Asset Management LLC’s holdings in Trane Technologies were worth $8,113,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in Trane Technologies during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in Trane Technologies in the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC bought a new position in shares of Trane Technologies during the third quarter valued at approximately $32,000. Physician Wealth Advisors Inc. grew its holdings in shares of Trane Technologies by 192.6% during the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Trane Technologies during the 1st quarter worth approximately $33,000. 82.97% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes Several brokerages recently issued reports on TT. Evercore assumed coverage on Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 price target on the stock. Royal Bank Of Canada increased their target price on Trane Technologies from $440.00 to $501.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Citigroup raised their target price on Trane Technologies from $525.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Sanford C. Bernstein set a $555.00 price target on shares of Trane Technologies in a report on Thursday, July 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and an average price target of $516.67.
View Our Latest Stock Analysis on TT
Trane Technologies Stock Performance TT opened at $469.59 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $469.88 and its 200-day moving average is $447.36. The stock has a market cap of $103.80 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87.
Trane Technologies (NYSE:TT – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the company posted $2.45 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Trane Technologies plc will post 14.89 earnings per share for the current year.
Trane Technologies Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. Trane Technologies’s dividend payout ratio (DPR) is 32.48%.
Insider Buying and Selling at Trane Technologies In related news, insider Donald E. Simmons sold 4,593 shares of Trane Technologies stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $500.00, for a total transaction of $2,296,500.00. Following the sale, the insider directly owned 3,819 shares in the company, valued at $1,909,500. The trade was a 54.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.
Trane Technologies Company Profile (Free Report)
Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.
In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.
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Key Takeaways TT is benefiting from strong commercial HVAC demand and accelerating enterprise bookings growth.TT's Stellar Energy integration added nearly $1 billion to its backlog, boosting modular cooling leadership.TT continues returning capital through dividends and buybacks while maintaining strong liquidity. Shares of Trane Technologies plc (TT - Free Report) have had a decent run over the past three months. The stock has risen 3.8% compared with the industry's 6.6% growth. The Zacks S&P 500 composite rose 7.8% during the said time frame.
TT has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.
The company’s second-quarter 2026 earnings are expected to increase 9.5% year over year. Earnings for 2026 and 2027 are projected to rise 13.6% and 13.9% year over year, respectively. Revenues are expected to increase 9% in 2026 and 8.4% in 2027.
Factors That Bode Well for TTTrane Technologies benefits from robust demand for its customer-centric solutions, especially commercial HVAC. Rising global energy demand and the need for high-performance buildings support strong long-term growth for the company. TT is driving growth by catering to this demand with its energy-efficient HVAC systems, smart controls and sustainable climate solutions. TT reported that enterprise organic bookings growth was 24% year over year in the first quarter of 2026. Commercial HVAC bookings in the Americas rose approximately 40% year over year during the same period.
The company is also driving growth from rising data center demand as clients build out specialized cooling and infrastructure to power the rapid growth of artificial intelligence (AI) and cloud computing. During the latest quarterly earnings conference, management stated that the February 2026 integration of Stellar Energy Americas, Inc. boosted the backlog by nearly $1 billion and solidified Trane Technologies’ market leadership in the rapidly expanding modular cooling sector.
The company has demonstrated a strong commitment to its shareholders through consistent dividend payments and share repurchases, despite the fluctuations in its cash position. TT paid dividends of $683.7 million, $757.5 million and $837.3 million, while repurchasing shares worth $669.3 million, $1.3 billion and $1.5 billion in 2023, 2024 and 2025, respectively. This consistency underscores its dedication to creating long-term value for investors.
TT had a current ratio (a measure of liquidity) of 1.1 in the first quarter of 2026, which improved marginally from the preceding quarter's 1.09 due to an increase in cash reserves. A current ratio above 1 enables the company to pay off short-term obligations efficiently.
Key Risks to WatchTrane Technologies relies on its supply chain for essential commodities, mainly steel and non-ferrous metals. Thus, rising commodity prices, such as steel costs, can inflate expenses, squeeze profit margins and erode revenues and cash flow.
Global technology service providers operate in a fiercely competitive landscape. TT faces stiff competition in the HVAC market from firms such as Honeywell International, Siemens and Carrier. This competition fuels innovation across the industry while driving pricing pressures. Ongoing technology investments increase the challenge of maintaining profitability while competing for growth.
Trane Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to ConsiderA couple of better-ranked stocks in the Technology Services industry are Coherent Corp. (COHR - Free Report) and V2X, Inc. (VVX - Free Report) .
Coherent Corp. sports a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 46.8%. COHR’s earnings beat estimates in three of the last four reported quarters and matched once, with an average surprise of 6.2%.
V2X, Inc. also flaunts a Zacks Rank of 1 at present. It has a long-term earnings growth expectation of 20.4%. VVX delivered a trailing four-quarter earnings surprise of 22.8%, on average.
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its second quarter 2026 financial results on Thursday, July 30, 2026, at 10 a.m. ET. The company will issue its second quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be broadcast live over the internet. Individuals wi.
Trane Technologies plc (NYSE: TT), a global climate innovator, will host a conference call to discuss its second quarter 2026 financial results on Thursday, Jul
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Trane Technologies (TT - Free Report) , which belongs to the Zacks Technology Services industry.
This manufacturer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.69%.
For the last reported quarter, Trane Technologies came out with earnings of $2.63 per share versus the Zacks Consensus Estimate of $2.53 per share, representing a surprise of 3.95%. For the previous quarter, the company was expected to post earnings of $2.82 per share and it actually produced earnings of $2.86 per share, delivering a surprise of 1.42%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Trane Technologies. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Trane Technologies currently has an Earnings ESP of +0.60%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Trane Technologies?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Trane Technologies (TT - Free Report) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $4.30 a share 27 days away from its upcoming earnings release on July 29, 2026.
Trane Technologies' Earnings ESP sits at +0.60%, which, as explained above, is calculated by taking the percentage difference between the $4.30 Most Accurate Estimate and the Zacks Consensus Estimate of $4.27. TT is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
TT is just one of a large group of Business Services stocks with a positive ESP figure. Coherent (COHR - Free Report) is another qualifying stock you may want to consider.
Coherent, which is readying to report earnings on August 12, 2026, sits at a Zacks Rank #1 (Strong Buy) right now. Its Most Accurate Estimate is currently $1.65 a share, and COHR is 41 days out from its next earnings report.
For Coherent, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.62 is +2.12%.
Because both stocks hold a positive Earnings ESP, TT and COHR could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Trane Technologies (TT - Free Report) Founded in 1885 and headquartered in Swords, Ireland, Trane Technologies is a designer, manufacturer, seller and servicer of climate control products for HVAC and transport solutions. The company distributes its products through branch sales offices, dealers and distributors in the United States and through subsidiary sales and service companies in other parts of the world. Trane generated around 81% of its revenues from the United States and the rest from more than 100 other countries. With no customer accounting for more than 10% of revenues, the company’s business does not suffer on account of any single customer of group of customers.
TT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. TT has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.6% for the current fiscal year.
For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $14.84 per share. TT boasts an average earnings surprise of +2.7%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TT should be on investors' short list.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Trane Technologies (TT - Free Report) Founded in 1885 and headquartered in Swords, Ireland, Trane Technologies is a designer, manufacturer, seller and servicer of climate control products for HVAC and transport solutions. The company distributes its products through branch sales offices, dealers and distributors in the United States and through subsidiary sales and service companies in other parts of the world. Trane generated around 81% of its revenues from the United States and the rest from more than 100 other countries. With no customer accounting for more than 10% of revenues, the company’s business does not suffer on account of any single customer of group of customers.
TT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Business Services stock. TT has a Momentum Style Score of B, and shares are up 7% over the past four weeks.
For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $14.84 per share. TT boasts an average earnings surprise of +2.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TT should be on investors' short list.
Trane Technologies (TT - Free Report) closed at $491.16 in the latest trading session, marking a +2.25% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.79%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 1.52%.
Coming into today, shares of the manufacturer had gained 7.11% in the past month. In that same time, the Business Services sector lost 0.14%, while the S&P 500 lost 1.82%.
Investors will be eagerly watching for the performance of Trane Technologies in its upcoming earnings disclosure. On that day, Trane Technologies is projected to report earnings of $4.27 per share, which would represent year-over-year growth of 10.05%. At the same time, our most recent consensus estimate is projecting a revenue of $6.16 billion, reflecting a 7.22% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.83 per share and revenue of $23.25 billion, indicating changes of +13.55% and +9.05%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Trane Technologies. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Trane Technologies is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Trane Technologies is presently being traded at a Forward P/E ratio of 32.39. This indicates a premium in contrast to its industry's Forward P/E of 17.1.
We can additionally observe that TT currently boasts a PEG ratio of 2.22. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry had an average PEG ratio of 1.46 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
I give Trane Technologies a Buy rating with a $571 price target, implying 21% upside, from the current price level of $472. My main growth drivers are commercial HVAC and Stellar Energy, services and aftermarket revenue, and a recovery in residential HVAC and transport refrigeration. I estimate $3.17 incremental EPS from these growth drivers. This leads to a 2028 adjusted EPS estimate of $18.02.
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, has been named to TIME’s 2026 list of the World’s Most Sustainable Companies, ranking 19th. Published in collaboration with Statista, the annual list highlights global companies that are embedding sustainability into core business strategy and delivering measurable environmental and social impact.
“We are honored to be recognized by TIME as one of the World’s Most Sustainable Companies for the third consecutive year,” said Mauro Atalla, Senior Vice President and Chief Technology and Sustainability Officer, Trane Technologies. “This recognition reflects the dedication of our teams worldwide and the impact of our strategy as we help customers reduce emissions, lower operating costs and build resilience while advancing our 2030 Sustainability Commitments.”
In its recently released 2025 Sustainability Report, Scaling Sustainability, Trane Technologies highlighted the company’s continued, measurable progress in emissions reductions, energy efficiency, circularity, workforce development and community impact. Notable sustainability achievements in 2025 include:
Reduced 331 million metric tons of CO2e from customers’ carbon footprints since 2019, advancing toward its Gigaton Challenge goal to reduce one billion metric tons of customer emissions by 2030. Reduced operational greenhouse gas emissions by 59% since 2019, exceeding the pace needed to meet its science-based 2030 target. Met 84% of global electricity needs with renewable energy sources in 2025. Improved energy intensity by 38% from its 2019 baseline. Reduced total global water use by 49% since 2019 and achieved zero waste to landfill at 80% of global sites. Increased circularity, with 44% recycled content in primary materials used in products in 2025. Grew revenue from remanufactured products and services to $282 million, up 31% from 2024. Invested $348 million in R&D and introduced 110 new products and services to help customers decarbonize in 2025. TIME’s recognition adds to Trane Technologies’ strong record of external sustainability honors. In 2026, the company was also named to Financial Times’ Europe’s Climate Leaders list for the sixth consecutive year, CDP’s annual ‘A List’ for climate change for the fourth consecutive year and Corporate Knights’ inaugural USA 25 Most Sustainable Corporations list.
To learn more about Trane Technologies’ sustainability strategy, priorities and progress, read the company’s 2025 Sustainability Report at Trane Technologies Sustainability Reports.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit tranetechnologies.com.
Trane Technologies (TT - Free Report) closed at $483.40 in the latest trading session, marking a +2.3% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.09% for the day. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
Coming into today, shares of the manufacturer had gained 4.61% in the past month. In that same time, the Business Services sector lost 1.18%, while the S&P 500 gained 0.29%.
Market participants will be closely following the financial results of Trane Technologies in its upcoming release. On that day, Trane Technologies is projected to report earnings of $4.27 per share, which would represent year-over-year growth of 10.05%. At the same time, our most recent consensus estimate is projecting a revenue of $6.16 billion, reflecting a 7.22% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $14.83 per share and revenue of $23.25 billion, indicating changes of +13.55% and +9.05%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Trane Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.16% fall in the Zacks Consensus EPS estimate. As of now, Trane Technologies holds a Zacks Rank of #3 (Hold).
In the context of valuation, Trane Technologies is at present trading with a Forward P/E ratio of 31.86. For comparison, its industry has an average Forward P/E of 15.73, which means Trane Technologies is trading at a premium to the group.
We can additionally observe that TT currently boasts a PEG ratio of 2.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Technology Services industry had an average PEG ratio of 1.42 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TT in the coming trading sessions, be sure to utilize Zacks.com.
Key Takeaways DAVE is among five tech services stocks with double-digit YTD gains despite 2026 macro pressures.TT benefits from HVAC demand, decarbonization efforts, and projected 9.1% revenue growth this year.PRTH expects 20.4% earnings growth, with the consensus earnings estimate up 6% in 60 days. The technology services industry is mature, with demand for services in good shape. The global shift toward digitization creates opportunities in various markets, including 5G and artificial intelligence (AI).
Companies are adopting generative AI, agentic AI, machine learning (ML) and data science faster to gain a competitive advantage. Elevated demand for enterprise software, which is ramping up productivity and improving the decision-making process, is a key catalyst.
However, this space has lost momentum in 2026 due to several macroeconomic concerns and geopolitical conflicts. Despite these headwinds, we have narrowed our search to five technology services stocks with a favorable Zacks Rank that have provided double-digit returns year to date.
These companies are: Trane Technologies plc (TT - Free Report) , Dave Inc. (DAVE - Free Report) , V2X Inc. (VVX - Free Report) , Priority Technology Holdings Inc. (PRTH - Free Report) and Enpro Inc. (NPO - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Trane Technologies plcZacks Rank #2 Trane Technologies has benefited from a strong heating, ventilation, and air conditioning market as the demand for customer-centric solutions and government-mandated decarbonization efforts increases. TT’s shareholder-friendly policies boost investor morale, thereby increasing confidence in its business. TT’s healthy liquidity position is positive for investors, driven by the rise in accounts receivable.
Trane Technologies has an expected revenue and earnings growth rate of 9.1% and 13.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.5% over the last 60 days.
Dave Inc.Zacks Rank #1 Dave provides banking apps to build products in the financial playing field in the United States. DAVE offers Budget, a personal financial management tool that helps members anticipate upcoming transactions and receive notifications by utilizing historical bank account data to identify recurring charges.
DAVE also provides ExtraCash, a form of a discretionary overdraft to bridge liquidity gaps between paychecks, Side Hustle, a job application portal to find supplemental or temporary work and Dave Checking, a digital demand deposit account.
DAVE has an expected revenue and earnings growth rate of 28.8% and 22.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 4.6% over the last 30 days.
V2X Inc.Zacks Rank #2 V2X is a provider of critical mission solutions and support to defense clients. VVX delivers a comprehensive suite of integrated solutions across operations and logistics, aerospace, training and technology markets to national security, defense, civilian and international clients.
VVX has an expected revenue and earnings growth rate of 10.3% and 17.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.5% over the last 30 days.
Priority Technology Holdings Inc.Zacks Rank #1 Priority Technology is a solutions provider in Payments and Banking as a Service operating with customers across its SMB, B2B and Enterprise channels. PRTH operates through three segments: Merchant Solutions, Payables and Treasury Solutions.
PRTH’s purpose-built technology enables clients to collect, store, borrow and send while providing customers acceptance of AP payment applications and Passport financial tools that best optimize their cash flow and maximize working capital.
Priority Technology has an expected revenue and earnings growth rate of 8.5% and 20.4%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 6% over the last 60 days.
Enpro Inc.Zacks Rank #2 Enpro is an industrial technology company focused on critical applications across many end-markets, including semiconductor, photonics, industrial process, aerospace, food, pharma and life sciences.
NPO operates in two segments, Sealing Technologies and Advanced Surface Technologies. NPO offers its products in the United States, Europe, Asia Pacific, and internationally. NPO offers its products under the Garlock, Gylon, Blue-Gard, ONE-UP, Bio-Pro, Tuf-Steel, Detectomer, and LINK-SEAL brand names.
Enpro has an expected revenue and earnings growth rate of 11.6% and 15.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 2.9% over the last 60 days.
Key Takeaways TT posted Q1 adjusted EPS of $2.63 on $4.97B revenues, beating consensus estimates.Organic bookings surged 24% and backlog reached a record $10.7B, boosting visibility for 2026.TT lifted 2026 guidance to ~9.5% reported revenue growth and $14.75-$14.95 EPS. Trane Technologies plc (TT - Free Report) delivered a solid first quarter of 2026, with adjusted earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.53 by 4%. Revenues came in at $4.97 billion, topping the consensus mark of $4.79 billion by 3.8%, while both metrics improved year over year.
Demand was a key tailwind. Organic bookings rose 24%, and the company exited the quarter with a record backlog of $10.7 billion, up more than 30% versus year-end 2025, underscoring strong visibility for the balance of the year.
TT Shows Revenue Gains Despite Margin HeadwindsTT’s reported revenues increased 6% year over year, while organic revenues grew 3%. The company benefited from volume growth and positive prices, though these positives were offset by inflationary pressures and elevated reinvestment levels across the business.
Profitability was mixed. GAAP operating income declined to $776.1 million from $818.9 million a year ago, and GAAP operating margin compressed to 15.6% from 17.5%. On an adjusted basis, operating income improved to $794.7 million, and adjusted operating margin was 16.0%, reflecting the impact of certain non-GAAP items on comparability.
Trane Technologies Rides Commercial HVAC StrengthCommercial HVAC demand stood out again, helping push enterprise book-to-bill to 135% for the quarter. Management highlighted exceptional momentum in Americas Commercial HVAC, where bookings increased approximately 40%, supported by strength in applied equipment.
That momentum is translating into backlog growth and improved forward visibility. The company pointed to a robust project environment and sustained services strength, with global services revenues growing at a double-digit rate, reinforcing the longer-cycle, higher-value opportunity tied to the installed base.
TT’s Regional Results Highlight Uneven Profit TrendsThe Americas segment remained the largest contributor, generating revenues of $4.00 billion, up 5% year over year on a reported basis and up 4% organically. Adjusted operating margin in the region improved 10 basis points to 17.9%, supported by operating execution, even as residential results created some offsetting pressure.
Results were less favorable in Europe, the Middle East, and Africa. EMEA revenues rose 12% to $639.5 million, aided by foreign exchange and acquisitions, but organic revenues dipped 1%. Adjusted operating margin fell to 11.9% from 14.5%, reflecting a tougher profitability backdrop. Asia Pacific revenues increased 5% to $331.5 million, while GAAP and adjusted operating margin improved to 22.1%, pointing to better incremental performance in the region.
Trane Technologies Delivers Stronger Cash GenerationCash generation strengthened meaningfully. Cash from continuing operating activities rose to $636.2 million through March 31, 2026, compared with $345.5 million in the prior-year period. Free cash flow increased to $573.3 million from $230.2 million, supported by improved working-capital performance.
Capital deployment stayed active. Year to date through April, the company deployed or committed about $0.9 billion, including dividends, share repurchases and M&A. On the balance sheet, cash ended March at $1.07 billion, and total debt was $4.62 billion, reflecting a continued focus on liquidity and balance-sheet flexibility.
TT Raises 2026 Guidance on Demand VisibilityManagement raised its full-year 2026 outlook, now calling for reported revenue growth of roughly 9.5% and organic revenue growth of about 7% versus 2025. The company also guided to GAAP and adjusted continuing earnings of approximately $14.75 to $14.95 per share for the year, signaling confidence in execution and demand carryover.
The earnings presentation added modeling detail, including expectations for second-quarter organic revenue growth of around 5% and adjusted earnings of roughly $4.20-$4.25 per share. Other framework items include about $235 million of interest expense, an adjusted effective tax rate near 20%, roughly 222 million diluted shares, and higher capital spending expectations of 2%-3% of 2026 revenues, reflecting stepped-up investment levels.
TT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings SnapshotsEquifax Inc. (EFX - Free Report) reported better-than-expected first-quarter 2026 results. EFX’s adjusted earnings per share of $1.86 beat the Zacks Consensus Estimate by 10.1% and increased 21.6% from the year-ago quarter. EFX’s revenues of $1.6 billion surpassed the consensus estimate by 2.3% and improved 14.4% year over year.
Rollins, Inc. (ROL - Free Report) posted impressive first-quarter 2026 results. ROL’s adjusted earnings of 24 cents per share matched the consensus mark and rose 9.1% from the year-ago quarter. ROL’s total revenues of $906.4 million surpassed the consensus mark by 1.3% and increased 10.2% year over year.
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 Bank of America Industrials, Transportation & Airlines Key Leaders Conference. They will speak at 11:05 a.m. ET on Wednesday, May 13, 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 avail.
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 Wolfe Research Global Transportation & Industrials Conference. They will speak at 9:15 a.m. ET on Wednesday, May 20, 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.
I reiterate my buy rating on Trane Technologies (TT) as commercial HVAC demand and order momentum continue to strengthen, supporting future topline growth. Q1 saw Americas orders accelerate to 29%, with Commercial HVAC up >40% and Applied orders up >160%, boosting growth visibility into 2H26 and beyond. TT's strong domestic manufacturing footprint minimizes tariff risks, enhancing its competitive position and pricing power amid recent Section 232 tariff updates.
Investors looking for stocks in the Technology Services sector might want to consider either JBT Marel (JBTM) or Trane Technologies (TT). But which of these two stocks is more attractive to value investors?
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today unveiled the BrainBox AI Trane Technologies AI Lab and showroom in Montréal, Canada. The grand opening marks the latest milestone in the company's strategy to accelerate the development of next-generation, AI-driven solutions that dramatically reduce energy consumption and carbon emissions in the built environment. Located in one of the world's leading AI innovation hubs, the Montréal-based facili.
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Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Stock to Watch: Trane Technologies (TT - Free Report) Founded in 1885 and headquartered in Swords, Ireland, Trane Technologies is a designer, manufacturer, seller and servicer of climate control products for HVAC and transport solutions. The company distributes its products through branch sales offices, dealers and distributors in the United States and through subsidiary sales and service companies in other parts of the world. Trane generated around 81% of its revenues from the United States and the rest from more than 100 other countries. With no customer accounting for more than 10% of revenues, the company’s business does not suffer on account of any single customer of group of customers.
TT is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. TT has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.11 to $14.86 per share. TT boasts an average earnings surprise of +2.7%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TT should be on investors' short list.
Key Takeaways Trane Technologies' shares have risen 11.6% over the past six months against the industry's 3.3% decline.TT recently reported a record backlog of $10.7B, with Americas commercial HVAC bookings up 40% year over year.TT sees strong demand for AI & cloud infrastructure cooling systems, boosted by the Stellar Energy buyout. Trane Technologies plc (TT - Free Report) , a designer, manufacturer, seller and servicer of climate control products for heating, ventilation and air conditioning ("HVAC") and transport solutions, has delivered an impressive performance over the past few months and shows potential to sustain its momentum in the near term. Therefore, if you have not taken advantage of the share price appreciation yet, you should add the stock to your portfolio.
What Makes TT an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had a decent run over the past six months. Shares of Trane Technologies have risen 11.6% against 3.3% decline in the industry it belongs to.
Solid Rank: TT currently carries a Zacks Rank #2 (Buy). Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or #2 offer attractive investment opportunities for investors.
Northward Estimate Revisions: Over the past 60 days, five earnings estimates for 2026 have moved northward, reflecting analysts’ confidence in the company. The Zacks Consensus Estimate for 2026 earnings has increased 0.5% during this period.
Impressive Earnings Surprise History: TT has an impressive earnings surprise history. The company's earnings have outpaced the Zacks Consensus Estimate in each of the past four quarters, delivering an average surprise of 2.7%.
Strong Growth Prospects: The Zacks Consensus Estimate for Trane Technologies’ second-quarter 2026 earnings is pegged at $4.27 per share, indicating 10.1% year-over-year growth. For 2026, the consensus estimate is pegged at $14.83 per share, implying 13.6% year-over-year growth.
Growth Factors: Trane Technologies’ growth is primarily driven by the strong demand for its commercial HVAC, energy-efficient solutions and data center cooling infrastructure. Rising global energy demand, sustainability trends and digitalization further support long-term growth. Robust demand in the commercial HVAC business, particularly in the Americas, is accelerating revenue generation. TT reported Enterprise organic bookings growth of 24% year over year in the first quarter of 2026, while total backlog climbed to a record $10.7 billion, up more than 30% from year-end 2025. Commercial HVAC bookings in the Americas rose approximately 40% year over year during the same period.
TT also highlighted strong demand from data centers, where customers require advanced cooling technologies and highly engineered systems designed to support rapidly expanding artificial intelligence ("AI") and cloud infrastructure. During the latest quarterly earnings conference, management stated that the acquisition of Stellar Energy Americas, Inc. in February 2026 added nearly $1 billion to the backlog and further strengthened Trane Technologies’ position in the fast-growing modular cooling market.
Past acquisitions, such as Brainbox AI, have enabled TT to achieve measurable reductions in energy consumption and improvements in sustainability by lowering carbon emissions, thereby adding considerable value to HVAC services provided to buildings.
The company’s operational excellence offsets inflation and tariff pressures. Trane Technologies reported 3% year-over-year Enterprise organic revenue growth in the last quarter, while adjusted earnings per share rose 7%. TT expects to further mitigate tariff and inflationary pressures through operational excellence initiatives, productivity improvements and pricing actions.
Trane Technologies had a current ratio (a measure of liquidity) of 1.1 in the first quarter of 2026, which improved marginally from the preceding quarter's 1.09 due to an increase in cash reserves. A current ratio of above 1 enables the company to pay off short-term obligations efficiently.
Other Stocks to ConsiderSome other top-ranked stocks in the broader Zacks Business Services sector are FactSet Research Systems Inc. (FDS - Free Report) and TransUnion (TRU - Free Report) .
FactSet Research Systems carries a Zacks Rank #2 at present. It has a long-term earnings growth expectation of 6.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
FDS' earnings beat estimates in two of the last four reported quarters and missed twice, delivering an average surprise of 0.4%.
TransUnion also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 13.5%.
TRU's earnings beat estimates in each of the last four quarters, with the surprise being 6.3%, on average.
Trane Technologies is positioned to lead the data center cooling market with its LiquidStack acquisition and immersion cooling technology. TT's immersion cooling slashes water use and power overhead, addressing regulatory and community resistance to AI infrastructure expansion. The market undervalues TT as a traditional HVAC company, overlooking its potential as a critical AI infrastructure enabler.
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE:TT), a global climate innovator, has been recognized for continued leadership in sustainability and climate innovation through inclusion on the Dow Jones Best-in-Class World and North American Indices and the Financial Times Europe's Climate Leaders 2026 list. The Dow Jones Best-in-Class Indices are among the longest-running global benchmarks for corporate sustainability performance. Trane Technologies has been named to the World Index.
Trane Technologies (TT - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Trane Technologies basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Trane Technologies imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Trane TechnologiesFor the fiscal year ending December 2026, this manufacturer is expected to earn $14.83 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Trane Technologies. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.7%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Trane Technologies to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
SWORDS, Ireland--(BUSINESS WIRE)--The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $1.05 per ordinary share, or $4.20 per share annualized. The dividend is payable on September 30, 2026, to shareholders of record as of September 4, 2026. Since March of 2020, Trane Technologies has raised the quarterly dividend by more than 98 percent. Trane Technologies has paid consecutive quarterly cash dividends on its common shares sinc.
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, is advancing sustainable and energy-efficient solutions for buildings, industry and the cold chain while continuing to strengthen its own operations. Through electrification, digital innovation and circular strategies, the company is helping customers improve efficiency, reduce emissions, lower operating costs and build resilience. In its newly released 2025 Sustainability Report, Scaling Sustainability.
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced the appointment of Donny Simmons as Chief Operating Officer (COO), reporting to Chair and CEO Dave Regnery, effective July 1, 2026. In this expanded role, Simmons will oversee the company's regional business units and operations, driving tighter business and operational alignment and accelerating execution of the company's growth strategy. Since launching as a pure-play climate innovatio.
Trane Technologies (TT - Free Report) closed the most recent trading day at $460.14, moving +2.45% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.75%. Elsewhere, the Dow gained 1.86%, while the tech-heavy Nasdaq added 2.54%.
Heading into today, shares of the manufacturer had lost 4.65% over the past month, lagging the Business Services sector's loss of 1.26% and the S&P 500's loss of 1.63%.
Market participants will be closely following the financial results of Trane Technologies in its upcoming release. The company's earnings per share (EPS) are projected to be $4.27, reflecting a 10.05% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.16 billion, up 7.22% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.83 per share and revenue of $23.25 billion, which would represent changes of +13.55% and +9.05%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Trane Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.04% rise in the Zacks Consensus EPS estimate. Trane Technologies is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Trane Technologies currently has a Forward P/E ratio of 30.29. This represents a premium compared to its industry average Forward P/E of 16.08.
Meanwhile, TT's PEG ratio is currently 2.08. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Technology Services industry was having an average PEG ratio of 1.32.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
