Trane Technologies (TT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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 con.
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.