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Swords, Ireland-based Trane Technologies plc (TT) designs, manufactures, sells and services climate control products for heating, ventilation, air conditioning and transport solutions. Valued at $77.2 billion by market cap, Trane employs nearly 45,000 people, with operations spanning various countries across the Americas, Indo-Pacific and EMEA.
The HVAC giant is set to announce its first-quarter results before the market opens on Wednesday, Apr. 30. Ahead of the event, Trane is expected to report a non-GAAP profit of $2.19 per share, up 12.9% from $1.94 per share reported in the year-ago quarter. Furthermore, the company has surpassed Wall Street’s bottom-line expectations in each of the past four quarters.
For the full fiscal 2025, Trane is expected to deliver an adjusted EPS of $12.66, up 12.8% from $11.22 in fiscal 2024. While in fiscal 2026, its earnings are expected to grow 10.8% year-over-year to $14.03 per share.
TT stock has soared 11.8% over the past 52 weeks, notably outpacing the Industrial Select Sector SPDR Fund’s (XLI) 2.4% uptick and the S&P 500 Index’s ($SPX) 4.4% gains over the same time frame.
Trane Technologies’ stock observed a marginal uptick after the release of its better-than-expected Q4 results on Jan. 30. Driven by solid momentum in organic revenues, the company’s overall topline surged 10.2% year-over-year to $4.9 billion, surpassing the Street’s expectations by 2.2%. Meanwhile, its adjusted EPS soared 20.3% year-over-year to $2.61, exceeding the consensus estimates by 2.8%. Moreover, fueled by growth from all geographies, Trane’s bookings in the quarter increased 2.8% year-over-year to $4.7 billion, providing solid footing for the company’s performance in fiscal 2025.
The consensus view on TT stock is cautiously optimistic, with a “Moderate Buy” rating overall. Of the 20 analysts covering the stock, opinions include six “Strong Buys,” 13 “Holds,” and one “Strong Sell.” Its mean price target of $406.06 suggests a 22.8% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
