Trane Technologies Future Growth

Future criteria checks 2/6

Trane Technologies is forecast to grow earnings and revenue by 8.8% and 6.2% per annum respectively. EPS is expected to grow by 9.5% per annum. Return on equity is forecast to be 30.7% in 3 years.

Key information

8.8%

Earnings growth rate

9.5%

EPS growth rate

Building earnings growth	11.2%
Revenue growth rate	6.2%
Future return on equity	30.7%
Analyst coverage	Good
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation

Nov 09

Trane Technologies Q3 2022 Earnings Preview

Nov 01

Trane Technologies declares $0.67 dividend

Oct 12

August sees sequential increase in Architectural Billings Index, expansionary mode for the 19th consecutive month

Sep 23

Trane Technologies: Total Return Is Good And Has The Right Product At The Right Time

Aug 17

Trane Technologies Q2 2022 Earnings Preview

Aug 02

We Believe Trane Technologies Is Finally In 'Buy' Territory

May 31

Apparently, It's Not So Hard To Stop A Trane

Feb 11

Earnings and Revenue Growth Forecasts

NYSE:TT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	21,515	2,836	2,841	3,022	9
12/31/2025	20,193	2,547	2,572	2,860	20
12/31/2024	19,000	2,320	2,343	2,675	22
12/31/2023	17,678	2,051	2,089	2,390	N/A
9/30/2023	17,327	1,982	1,909	2,215	N/A
6/30/2023	16,816	1,905	1,521	1,803	N/A
3/31/2023	16,302	1,823	1,407	1,701	N/A
12/31/2022	15,992	1,778	1,212	1,504	N/A
9/30/2022	15,487	1,660	867	1,171	N/A
6/30/2022	14,835	1,523	782	1,071	N/A
3/31/2022	14,474	1,477	886	1,140	N/A
12/31/2021	14,136	1,444	1,365	1,588	N/A
9/30/2021	13,746	1,364	1,609	1,788	N/A
6/30/2021	13,522	1,351	2,144	2,308	N/A
3/31/2021	12,831	1,162	1,867	2,023	N/A
12/31/2020	12,455	977	1,289	1,435	N/A
9/30/2020	12,459	941	1,532	1,675	N/A
6/30/2020	12,435	917	1,232	1,403	N/A
3/31/2020	12,914	1,051	1,453	1,645	N/A
12/31/2019	13,076	1,145	1,714	1,920	N/A
9/30/2019	13,787	1,184	1,298	1,564	N/A
6/30/2019	14,347	1,329	1,129	1,424	N/A
3/31/2019	15,087	1,374	1,060	1,421	N/A
12/31/2018	12,344	1,008	1,123	1,408	N/A
9/30/2018	15,391	1,601	1,225	1,548	N/A
6/30/2018	15,031	1,438	1,191	1,496	N/A
3/31/2018	14,582	1,334	1,262	1,501	N/A
12/31/2017	14,198	1,328	1,302	1,524	N/A
9/30/2017	13,938	1,037	N/A	1,278	N/A
6/30/2017	13,836	1,037	N/A	1,499	N/A
3/31/2017	13,615	1,441	N/A	1,486	N/A
12/31/2016	13,509	1,443	N/A	1,522	N/A
9/30/2016	13,476	1,478	N/A	1,715	N/A
6/30/2016	13,395	1,427	N/A	1,109	N/A
3/31/2016	13,307	756	N/A	969	N/A
12/31/2015	13,301	689	N/A	888	N/A
9/30/2015	13,215	667	N/A	729	N/A
6/30/2015	13,114	652	N/A	1,012	N/A
3/31/2015	13,056	880	N/A	970	N/A
12/31/2014	12,891	897	N/A	973	N/A
9/30/2014	12,750	762	N/A	707	N/A
6/30/2014	12,579	676	N/A	794	N/A
3/31/2014	12,434	633	N/A	978	N/A
12/31/2013	12,351	606	N/A	1,092	N/A
9/30/2013	10,675	505	N/A	1,328	N/A
6/30/2013	11,054	627	N/A	1,304	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TT's forecast earnings growth (8.8% per year) is above the savings rate (2.3%).

Earnings vs Market: TT's earnings (8.8% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: TT's earnings are forecast to grow, but not significantly.

Revenue vs Market: TT's revenue (6.2% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: TT's revenue (6.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TT's Return on Equity is forecast to be high in 3 years time (30.7%)

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Trane Technologies Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 8.1% to US$267

Trane Technologies plc Provides Revenue Guidance for the Full-Year 2023

Trane Technologies plc Provides Earnings Guidance for the Full-Year 2023

Trane Technologies plc Provides Earnings Guidance for the Full-Year 2023

Price target increased by 7.2% to US$185

Trane Technologies plc Provides Earning Guidance for Full-Year 2023

Recent updates

Fourth quarter dividend of US$0.84 announced

Trane Technologies plc to Report Q1, 2024 Results on Apr 30, 2024

Trane Technologies plc Declares Quarterly Dividend, Payable on June 28, 2024

Trane Technologies Announces Completely New Residential HVAC Product Portfolio

Trane Technologies: Strong Commercial HVAC Growth In FY24

Executive VP notifies of intention to sell stock

Upcoming dividend of US$0.84 per share

Price target increased by 8.1% to US$267

Fourth quarter dividend increased to US$0.84

Don't Be Afraid To Hop Aboard The Trane

Trane Technologies plc Increases Dividend, Payable on March 29, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Trane Technologies plc to Report Q4, 2023 Results on Feb 01, 2024

Trane Technologies plc Appoints Riaz Raihan as Chief Digital Officer

Trane Technologies: Good Growth Prospects And A Reasonable Valuation

Upcoming dividend of US$0.75 per share at 1.3% yield

Investor sentiment improves as stock rises 15%

Insider notifies of intention to sell stock

Trane Technologies plc (NYSE:TT) completed the acquisition of Nuvolo Technologies Corporation.

Trane Technologies plc Provides Revenue Guidance for the Full-Year 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Trane Technologies plc to Report Q3, 2023 Results on Nov 01, 2023

Trane Technologies Declares Quarterly Dividend, Payable on December 29, 2023

Trane Technologies’ Latest AI-Enabled Service Offering Propels Building Performance and Accelerates Decarbonization

Trane Technologies: Powering A Sustainable And Lucrative Future

Trane Technologies Advances Building Decarbonization with Industry-First Ice-Heating Solution

Trane Technologies: A Good Buy At Current Levels

Upcoming dividend of US$0.75 per share at 1.5% yield

Executive VP notifies of intention to sell stock

Trane Technologies plc Provides Earnings Guidance for the Full-Year 2023

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Trane Technologies plc to Report Q2, 2023 Results on Aug 02, 2023

Trane Technologies: Riding Energy Efficiency And Decarbonization

Trane Technologies plc Declares A Quarterly Dividend, Payable September 29, 2023

Upcoming dividend of US$0.75 per share at 1.8% yield

Executive VP & CFO notifies of intention to sell stock

Trane Technologies plc Provides Earnings Guidance for the Full-Year 2023

First quarter 2023 earnings: EPS exceeds analyst expectations

Executive VP notifies of intention to sell stock

Upcoming dividend of US$0.75 per share at 1.7% yield

Trane Technologies: Buy For Good Total Return, But A Bit Pricey At Present

Trane Technologies Increases Annual Dividend by 12%, Payable March 31, 2023

Trane Technologies lifts dividend by 12% to $0.75/share

Price target increased by 7.2% to US$185

Executive VP notifies of intention to sell stock

Trane Technologies plc Provides Earning Guidance for Full-Year 2023

Trane Technologies Q4 2022 Earnings Preview

Trane Technologies plc to Report Q4, 2022 Results on Feb 02, 2023

Executive VP of Supply Chain notifies of intention to sell stock

Trane Technologies, Launches the Th-350, an All-In-One Ultra-Thin Electric Refrigeration Unit

Chairman of the Board & CEO exercised options and sold US$1.9m worth of stock

Upcoming dividend of US$0.67 per share

Senior VP notifies of intention to sell stock

Insider notifies of intention to sell stock

Trane Technologies Reduces Carbon Impact of HVAC in Homes and Buildings Through Low-Carbon Steel

Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation

Third quarter 2022 earnings: Revenues exceed analyst expectations

Insider notifies of intention to sell stock

Trane Technologies plc Provides Earning Guidance for Full Year 2022

Trane Technologies Q3 2022 Earnings Preview

Trane Technologies to Debut and Feature Employee-Powered Social Innovation and Decarbonization Solutions at VERGE22

Trane Technologies plc Appoints Mark Majocha as Vice President, Principal Accounting Officer and Chief Accounting Officer, Effective December 1, 2022

Mark George and Melissa Schaeffer Joins Trane Technologies Board of Directors

Trane Technologies plc Declares Quarterly Dividend, Payable December 30, 2022

Trane Technologies plc to Report Q3, 2022 Results on Nov 02, 2022

Trane Technologies declares $0.67 dividend

Thermo King by Trane Technologies Accelerates Cold Chain Decarbonization Following Electric Trailer Trials with Walmart, Loblaws and Martin Brower

August sees sequential increase in Architectural Billings Index, expansionary mode for the 19th consecutive month

Upcoming dividend of US$0.67 per share