Trane Technologies stock: Mizuho raises target for Trane Technologies stock to USD 485.00
Published on 10/23/2026 at 17:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Mizuho raised its Trane Technologies target from USD 475.00 to USD 485.00 on October 15, 2026.
- Second-quarter 2026 revenue reached USD 6.35 billion, up 10.60 percent year over year.
- Trane Technologies stock costs EUR 398.25 at Lang & Schwarz on October 23, 2026 at 5:02 p.m. CEST, up 0.06 percent versus the Tradegate close of October 22, 2026.
Trane Technologies (IE00BK9ZQ967) received a higher Mizuho price target of USD 485.00 on October 15, 2026, up from USD 475.00, while the firm kept a Neutral rating, MarketBeat reported. The target stands 8.67 percent above the USD 446.32 primary-market price at 11:05 a.m. ET on October 23, 2026. Trane Technologies stock was trading at EUR 398.25 at Lang & Schwarz on October 23, 2026 at 5:02 p.m. CEST, up 0.06 percent versus the Tradegate close of October 22, 2026 at EUR 398.00.
Revenue growth meets margin pressure
The latest reported operating picture is mixed beneath the strong demand headline. In the second quarter of 2026, revenue rose 10.60 percent year over year to USD 6.35 billion, while operating income increased 5.20 percent to USD 1.22 billion, according to Financial Report Insights. The operating margin was 19.30 percent, down from 20.30 percent a year earlier. Bookings reached USD 7.82 billion, up 39.00 percent, and backlog rose 70.00 percent to USD 12.10 billion.
Stock sits below its yearly high
The primary-market quote was USD 446.32 on October 23, 2026 at 11:05 a.m. ET, compared with a 52-week range of USD 348.06 to USD 505.87. The current level is 11.77 percent below the yearly high. Market capitalization was USD 98.2 billion, and the price-to-earnings ratio was 33.79.
October 29 brings the next test
Trane Technologies will discuss its third-quarter 2026 results on October 29, 2026, at 10:00 a.m. ET. The company announced the date in an October 8, 2026 release, Trane Technologies said. Analysts surveyed in a recent MarketBeat report expect third-quarter revenue of USD 6.50 billion and earnings per share of USD 4.73, compared with full-year guidance of USD 15.20 to USD 15.30 in adjusted earnings per share.
Comparison with peers
Trane Technologies: up 0.06 percent, price-to-earnings ratio 33.79, market capitalization USD 98.2 billion.
Carrier Global Corporation (NYSE, USD): down 1.09 percent, price-to-earnings ratio 38.78, market capitalization USD 46.1 billion.
Lennox International (NYSE, USD): down 0.83 percent, price-to-earnings ratio 16.97, market capitalization USD 13.0 billion.
What the target signals
Mizuho's move leaves the target below the broader consensus target of USD 539.42 cited by MarketBeat, but the valuation already reflects a premium to Lennox International's multiple. The next earnings release will put the focus on whether backlog growth can translate into margin stability.
Price and next date
The further course of trading is shown by the continuously updated real-time quote of Trane Technologies stock.
Trane Technologies market facts
- Company: Trane Technologies plc
- ISIN: IE00BK9ZQ967
- Ticker: TT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 5:02 p.m. CEST): EUR 398.25
- Change versus Tradegate close: plus 0.06 percent
- Tradegate close (October 22, 2026): EUR 398.00
- Market capitalization: USD 98.2 billion (as of October 23, 2026)
- 52-week range: USD 348.06-505.87 (as of October 23, 2026)
- Sector / Industry: Industrials / Industrial Machinery
Market context: Market report S&P 500.
