Is Trane Technologies Stock Outperforming the Dow?
/Trane%20Technologies%20plc%20logo%20on%20phone%20and%20website-by%20T_Schneider%20via%20Shutterstock.jpg)
With a market cap of $95.7 billion, Swords, Ireland-based Trane Technologies plc (TT) is a global climate innovator that designs, manufactures, sells, and services a wide range of heating, ventilation, air conditioning (HVAC), and transport refrigeration solutions. The company operates through three regional segments: Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific.
Companies valued at more than $10 billion are generally considered “large-cap” stocks, and Trane Technologies fits this criterion perfectly. Trane serves residential, commercial, and industrial customers with products and services that enhance energy efficiency, sustainability, and indoor environmental quality.
Shares of Trane Technologies have dipped 1.5% from its 52-week high of $436.61. Over the past three months, its shares have surged 24.8%, outperforming the broader Dow Jones Industrials Average's ($DOWI) marginal drop during the same period.
Longer term, TT stock is up 16.5% on a YTD basis, surpassing DOWI's marginal return. In addition, shares of Trane Technologies have increased 34.8% over the past 52 weeks, compared to DOWI’s 10.1% rise over the same time frame.
The stock has been in a bullish trend, consistently trading above its 50-day and 200-day moving averages since late April.
Shares of Trane Technologies soared 8.5% on Apr. 30 after the company reported a strong Q1 2025 performance, including an 11% year-over-year increase in both reported and organic revenues to $4.7 billion and a 26% rise in adjusted EPS to $2.45, significantly beating expectations. The company also reported a record $5.3 billion in bookings with a robust 113% book-to-bill ratio and raised confidence by reaffirming its full-year guidance, expecting performance toward the high end of its $12.70 - $12.90 adjusted EPS range.
However, TT stock has underperformed its rival, Johnson Controls International plc (JCI). JCI stock has climbed 31.5% YTD and 48.4% over the past 52 weeks.
Despite the stock’s outperformance relative to the Dow Jones, analysts remain cautiously optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from 20 analysts in coverage, and as of writing, TT is trading above the mean price target of $427.11.
On the date of publication, Sohini Mondal 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.