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NYSE: TT
Trane Technologies PLC Stock Forecast, Predictions & Price Target

Analyst price target for TT

Based on 12 analysts offering 12 month price targets for Trane Technologies PLC.
Min Forecast
$246.00-25.37%
Avg Forecast
$323.58-1.84%
Max Forecast
$380.00+15.28%

Should I buy or sell TT stock?

Based on 12 analysts offering ratings for Trane Technologies PLC.
Hold
Strong Buy
4 analysts 33.33%
Buy
0 analysts 0%
Hold
6 analysts 50%
Sell
0 analysts 0%
Strong Sell
2 analysts 16.67%

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TT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-06-04
lockedlocked$00.00+00.00%2024-06-03
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-05-01
TD Cowen
Top 7%
94
Strong BuyMaintains$360.00+9.21%2024-05-01
Goldman Sachs
Top 8%
93
HoldMaintains$326.00-1.10%2024-05-01
Mizuho
Top 8%
93
HoldMaintains$325.00-1.41%2024-05-01
Stephens & Co.
Top 13%
88
HoldMaintains$320.00-2.92%2024-05-01
Baird
Top 23%
78
HoldMaintains$344.00+4.36%2024-05-01

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Forecast return on equity

Is TT forecast to generate an efficient return?
Company
43.02%
Industry
-36.8%
Market
63.02%
TT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is TT forecast to generate an efficient return on assets?
Company
15.32%
Industry
13.37%
TT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

TT earnings per share forecast

What is TT's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$10.46+10.82%
Avg 2 year Forecast
$11.59+22.77%
Avg 3 year Forecast
$13.09+38.71%
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

TT revenue forecast

What is TT's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$19.1B+5%
Avg 2 year Forecast
$20.4B+12.05%
Avg 3 year Forecast
$22.0B+20.95%
TT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

TT earnings growth forecast

How is TT forecast to perform vs Building Products & Equipment companies and vs the US market?
Company
11.27%
Industry
22.15%
Market
20.28%
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
TT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

TT revenue growth forecast

How is TT forecast to perform vs Building Products & Equipment companies and vs the US market?
Company
6.12%
Industry
5.51%
Market
9.27%
TT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
TT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

TT vs Building Product & Equipment Stocks

TickerPricePrice TargetUp/downsideConsensus
TT$329.64$323.58-1.84%Hold
CARR$64.35$66.86+3.90%Buy
JCI$69.43$63.11-9.10%Hold
CSL$405.30$447.50+10.41%Strong Buy
LII$534.00$507.55-4.95%Buy

Trane Technologies Stock Forecast FAQ

Is Trane Technologies Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: TT) stock is to Hold TT stock.

Out of 12 analysts, 4 (33.33%) are recommending TT as a Strong Buy, 0 (0%) are recommending TT as a Buy, 6 (50%) are recommending TT as a Hold, 0 (0%) are recommending TT as a Sell, and 2 (16.67%) are recommending TT as a Strong Sell.

If you're new to stock investing, here's how to buy Trane Technologies stock.

What is TT's earnings growth forecast for 2024-2026?

(NYSE: TT) Trane Technologies's forecast annual earnings growth rate of 11.27% is not forecast to beat the US Building Products & Equipment industry's average forecast earnings growth rate of 22.15%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.28%.

Trane Technologies's earnings in 2024 is $2,153,100,000.On average, 8 Wall Street analysts forecast TT's earnings for 2024 to be $2,368,031,280, with the lowest TT earnings forecast at $2,333,693,615, and the highest TT earnings forecast at $2,392,545,249. On average, 8 Wall Street analysts forecast TT's earnings for 2025 to be $2,623,243,651, with the lowest TT earnings forecast at $2,501,194,418, and the highest TT earnings forecast at $2,727,546,854.

In 2026, TT is forecast to generate $2,963,994,608 in earnings, with the lowest earnings forecast at $2,961,527,367 and the highest earnings forecast at $2,965,216,912.

What is TT's revenue growth forecast for 2024-2026?

(NYSE: TT) Trane Technologies's forecast annual revenue growth rate of 6.12% is forecast to beat the US Building Products & Equipment industry's average forecast revenue growth rate of 5.51%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.27%.

Trane Technologies's revenue in 2024 is $18,227,200,000.On average, 5 Wall Street analysts forecast TT's revenue for 2024 to be $4,332,029,346,306, with the lowest TT revenue forecast at $4,278,966,450,144, and the highest TT revenue forecast at $4,372,330,039,421. On average, 5 Wall Street analysts forecast TT's revenue for 2025 to be $4,623,080,325,440, with the lowest TT revenue forecast at $4,559,869,823,220, and the highest TT revenue forecast at $4,699,836,436,488.

In 2026, TT is forecast to generate $4,990,062,587,345 in revenue, with the lowest revenue forecast at $4,965,129,413,815 and the highest revenue forecast at $5,033,000,739,045.

What is TT's forecast return on assets (ROA) for 2024-2026?

(NYSE: TT) forecast ROA is 15.32%, which is higher than the forecast US Building Products & Equipment industry average of 13.37%.

What is TT's Price Target?

According to 12 Wall Street analysts that have issued a 1 year TT price target, the average TT price target is $323.58, with the highest TT stock price forecast at $380.00 and the lowest TT stock price forecast at $246.00.

On average, Wall Street analysts predict that Trane Technologies's share price could fall to $323.58 by Jun 4, 2025. The average Trane Technologies stock price prediction forecasts a potential downside of 1.84% from the current TT share price of $329.64.

What is TT's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: TT) Trane Technologies's current Earnings Per Share (EPS) is $9.44. On average, analysts forecast that TT's EPS will be $10.46 for 2024, with the lowest EPS forecast at $10.31, and the highest EPS forecast at $10.57. On average, analysts forecast that TT's EPS will be $11.59 for 2025, with the lowest EPS forecast at $11.05, and the highest EPS forecast at $12.05. In 2026, TT's EPS is forecast to hit $13.09 (min: $13.08, max: $13.10).

What is TT's forecast return on equity (ROE) for 2024-2026?

(NYSE: TT) forecast ROE is 43.02%, which is considered strong.
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