PerpEquities

Equity · Industrials

Is Trane Technologies (TT) tradable as a perp? Not yet

Trane Technologies designs, manufactures, sells, and services heating, ventilation, air conditioning, and transport refrigeration solutions.

Not yet listed on any perp exchange

No perpetual-futures venue lists TT yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NYSE:TT

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Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-29 · next report 2027-02-04 · Updated 85h ago
All financials →

Valuation & key figures

Market cap
$89.7B
Updated 85h ago
Revenue
$23.2B
Trailing 12 months
Revenue growth
+13%
Next fiscal year
Profit margin
+13.6%
P/E
28.8
Peer P/E 31.0
P/S
3.9
Peer P/E
31.0
Similar listed perps
Free cash flow
$3.8B
Trailing 12 months
Net income
$3.2B
Trailing 12 months
Revenue estimate
$24.1B
Next fiscal year
Earnings
2027-02-04
Revenue est. $6.1B · Updated 85h ago
Dividend
$1.05
2026-12-04
Revenue (TTM)$23.2B+10.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)17.9%-0.9 pp vs a year agoOperating income $4.16B
Net income (TTM)$3.15B+7.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$3.82B+50.7% vs a year agoCapex $370M
Diluted EPS (TTM)$14.16+8.9% vs a year agoSum of the last 4 quarters
Net cash-$2.99B+14.3% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-29): revenue beat by 3.9%, EPS beat by 2.7%Revenue $6.76B vs $6.5B expected (+3.9%); EPS $4.86 vs $4.73 (+2.7%).
  • Revenue growth accelerating: 17.7% year on yearQ3 '26 revenue $6.76B, against an average of 6.9% over the four quarters before.
  • Operating margin 17.9% (TTM), -0.9 pp on a year agoOperating income grew 5.2% while revenue grew 10.3%.
  • Capex 1.6% of revenue (a year ago 1.9%)$370M invested in the last 4 quarters (-8.1% on a year earlier). Free cash flow $3.82B = 121.1% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Climate$3.18B+6.1%76.7%
Industrial$967M+8.2%23.3%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 267 lines Trane Technologies plc reported to the SEC

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202615.28$24.1B+13%14
FY 202717.72$26.6B+25%15
FY 202820.35$28.9B+36%11
FY 202922.69$30.8B+45%4
FY 203024.63$33.2B+56%4
Q1 20273.17$5.6B+13%7

Company events

6
2027-02-04EarningsActual - / Estimate 3.51-
2026-12-04Dividend$1.05-
2026-10-29Earnings · Before market openActual 4.86 / Estimate 4.73Beat
2026-09-04Dividend$1.05-
2026-07-30EarningsActual 4.31 / Estimate 4.27Beat
2026-06-05Dividend$1.05-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
JCI$89.7B3.531.6+11.1%3VRT$89.5B6.842.5+16.0%14MMM$89.5B3.525.7+14.0%2WM$93.3B3.630.5+11.8%1PWR$93.5B2.555.5+4.5%2CSX$94.1B6.326.3+24.0%2EMR$95.1B5.035.6+14.1%2UPS$81.1B0.920.8+4.8%2

Analyst track record

How the analysts covering TT have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings110325
Analysts2530
Buy / hold / sell76 / 24 / 10136 / 126 / 63
Upgrades / downgrades / initiations6 / 0 / 58 / 4 / 8
Price targets hit / missed10 / 89 (10%)156 / 134 (54%)
Avg. return after a rating (TipRanks)-15.0%+12.4%
Best / worst call+16.5% / -26.3%+121.1% / -26.3%

After buy calls on this stock: median 21-day move -0.7% vs S&P 500 -2.4% (n = 132)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Andrew KaplowitzCiti79% hit rate on this stock · 14 targets measuredBuytarget $549Nov 2, 2026
  2. Julian MitchellJ.P. Morgan75% hit rate on this stock · 20 targets measuredBuytarget $550Oct 9, 2026
  3. Christopher SnyderMorgan Stanley70% hit rate on this stock · 10 targets measuredBuytarget $565Oct 19, 2026

Latest ratings

DateAnalystCallTarget
Nov 2, 2026Andrew KaplowitzCitiBuyMaintained$549article ↗
Nov 1, 2026Varun GovindarajBernsteinBuyMaintained$555
Nov 2, 2026Timothy WojsRobert W. BairdHoldReiterated$498article ↗
Oct 30, 2026Alexander VirgoEvercore ISIBuyMaintained$560article ↗
Oct 29, 2026Jeff ReiveRBC CapitalHoldReiterated$486article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$380$400$420$440$460$480$500$520$540Dec 25 · Buy 8 · Hold 7 · Sell 1Dec 25Jan 26 · Buy 10 · Hold 4 · Sell 1Feb 26 · Buy 9 · Hold 4 · Sell 1Feb 26Mar 26 · Buy 9 · Hold 4 · Sell 1Apr 26 · Buy 11 · Hold 5 · Sell 1Apr 26May 26 · Buy 11 · Hold 6 · Sell 1Jun 26 · Buy 13 · Hold 6 · Sell 1Jun 26Jul 26 · Buy 11 · Hold 6 · Sell 1Aug 26 · Buy 11 · Hold 6 · Sell 1Aug 26Sep 26 · Buy 14 · Hold 6 · Sell 1Oct 26 · Buy 17 · Hold 5 · Sell 1Oct 26Nov 26 · Buy 17 · Hold 5 · Sell 0Dec 25 · avg. target $483Jan 26 · avg. target $477Feb 26 · avg. target $480Mar 26 · avg. target $480Apr 26 · avg. target $489May 26 · avg. target $522Jun 26 · avg. target $526Jul 26 · avg. target $533Aug 26 · avg. target $534Sep 26 · avg. target $535Oct 26 · avg. target $532Nov 26 · avg. target $535Dec 25 · month-end close $389Jan 26 · month-end close $421Feb 26 · month-end close $462Mar 26 · month-end close $417Apr 26 · month-end close $493May 26 · month-end close $451Jun 26 · month-end close $491Jul 26 · month-end close $455Aug 26 · month-end close $444Sep 26 · month-end close $452Oct 26 · month-end close $410Nov 26 · month-end close $410

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 2, 2026 · 110 ratings