Trane Technologies plc(TT)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
TT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Trane Technologies plc (TT), a Technology sector company. TT is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Trane Technologies plc reports quarterly revenue of $5.0B, net income of $584.4M, an operating margin of 15.6%. Top institutional holders of TT by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. TT trades on the NYSE exchange and files with the SEC under CIK 1466258. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Trane Technologies plc directly from SEC EDGAR.
Revenue
Q1 2026
$5.0B
Net Income
Q1 2026
$584.4M
Free Cash Flow
Q1 2026
$546.5M
Operating Margin
Q1 2026
15.6%
D/E Ratio
Q1 2026
0.54
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+12.2% YoYNet Income
+26.9% YoYOperating Income
+20.9% YoYEPS (Diluted)
+28.2% YoYTotal Assets
+3.9% YoYTotal Debt
-6.4% YoYOp. Cash Flow
+31.6% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $19.84B +12.2% | $17.68B +10.5% | $15.99B +13.1% | $14.14B +13.5% | $12.45B -4.8% | $13.08B |
| Net Income | $2.57B +26.9% | $2.02B +15.2% | $1.76B +23.4% | $1.42B +66.5% | $854.9M -39.4% | $1.41B |
| Operating Income | $3.50B +20.9% | $2.89B +19.6% | $2.42B +19.6% | $2.02B +32.0% | $1.53B -8.2% | $1.67B |
| EPS (Diluted) | $11.24 +28.2% | $8.77 +17.2% | $7.48 +27.4% | $5.87 +66.8% | $3.52 -39.0% | $5.77 |
| Total Assets | $20.15B +3.9% | $19.39B +7.2% | $18.08B +0.1% | $18.06B -0.5% | $18.16B -11.4% | $20.49B |
| Total Debt | $5.22B -6.4% | $5.58B -5.1% | $5.88B +13.3% | $5.19B -14.1% | $6.05B -2.8% | $6.22B |
| Operating Cash Flow | $3.15B +31.6% | $2.39B +58.9% | $1.50B -5.3% | $1.59B +10.7% | $1.44B -25.2% | $1.92B |
AI Insight: TT Financial Trends
Trane Technologies delivered strong 8.2% year-over-year revenue growth in Q1 2026 despite seasonal Q4-Q1 softness typical for HVAC companies.
• Revenue grew 8.2% year-over-year from $4,688M in Q1 2025 to $4,969M in Q1 2026.
• Total debt decreased from $5,268M in Q2 2024 to $4,616M in Q1 2026, improving balance sheet strength.
• Equity expanded from $6,947M in Q2 2024 to $8,591M in Q1 2026, reflecting retained earnings growth.
⚠ Operating income declined 5.3% year-over-year from $819M in Q1 2025 to $776M in Q1 2026.
⚠ Operating cash flow fell 84% year-over-year from $340M in Q1 2025 to $626M in Q1 2026.
AI Insight: TT Ratio Trends
Operating margin compressed 480bp from Q2 2025 peak of 20.3% to Q1 2026's 15.6%, with ROIC falling to 23.5%.
• Operating margin declined from 20.3% in Q2 2025 to 15.6% in Q1 2026, erasing prior year gains.
• ROIC dropped from 37.4% in Q2 2025 to 23.5% in Q1 2026, down 1,390bp over three quarters.
• Debt-to-equity improved from 0.76 in Q2 2024 to 0.54 in Q1 2026, showing deleveraging progress.
⚠ Q4 2025 and Q1 2026 show consistent margin weakness, suggesting structural rather than seasonal issues.
⚠ ROA fell to 10.3% in Q1 2026, the lowest level across the entire data period.
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Available Research
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Top Institutional Holders of TT
BlackRock, Inc.
$9.0B21,644,072 shVANGUARD CAPITAL MANAGEMENT LLC
$6.0B14,382,748 shSTATE STREET CORP
$4.2B10,104,859 shFMR LLC
$4.1B9,866,235 shMORGAN STANLEY
$2.2B5,302,761 shGEODE CAPITAL MANAGEMENT, LLC
$2.2B5,186,223 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.5B3,533,795 shUBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME
$1.2B2,822,174 shNuveen, LLC
$1.2B2,813,561 shNORDEA INVESTMENT MANAGEMENT AB
$1.1B2,627,610 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $9.0B | 21,644,072 |
| VANGUARD CAPITAL MANAGEMENT LLC | $6.0B | 14,382,748 |
| STATE STREET CORP | $4.2B | 10,104,859 |
| FMR LLC | $4.1B | 9,866,235 |
| MORGAN STANLEY | $2.2B | 5,302,761 |
| GEODE CAPITAL MANAGEMENT, LLC | $2.2B | 5,186,223 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.5B | 3,533,795 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | $1.2B | 2,822,174 |
| Nuveen, LLC | $1.2B | 2,813,561 |
| NORDEA INVESTMENT MANAGEMENT AB | $1.1B | 2,627,610 |
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Popular Research
Is TT a good stock to buy?
13F Pro's AI-powered analysis of Trane Technologies plc (TT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TT are available on the TT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own TT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Trane Technologies plc's investment landscape.