Company Dossier · Industrials
Trane Technologies
- S&P 500
- Russell 1000
What Trane Technologies is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $22.2 billion, up 7.0% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to September 30, 2025: $2.53 billion, down 11% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to September 30, 2025: $0.40 billion, up 21% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $1.48 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 30, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Guidance in the last 90 days: 4 outlook figures raised, 0 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 5, 2026): 1 risk factor added, 3 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $20.9 million on the open market.SEC Form 4
- 1,829 institutional managers reported a position at June 30, 2026 (+74 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 21 (23 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What Trane Technologies is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding ↔ Retrenching
Withheld: 50% of the evidence is readable at this date (needs 60%).
- Capital spending—
- Debt raised—
- Buybacks vs capex—
- Hiring filings53rd pct
- Deals and private raises48th pct
- Patent publications54th pct
Confident ↔ Hedging
Confident
- Call sentiment86th pct
- Call confidence87th pct
- Guidance changes91st pct
- Risk factors added27th pct
- Insider open-market trades82nd pct
- + Guidance changes
- + Call sentiment
- + Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver53rd pct
- Stress filings50th pct
Credit
How these are built →Trane Technologies's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$4.6B
- Due within a year $0.7B
- Longer term $3.9B
- Default point $2.7B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Jun 4, 2024 | $500M | 5.100% | 2034 (10y) | +82bp | 5.138% |
From the pricing term sheets Trane Technologies filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Trane Technologies, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralTrane Technologies plc declares $1.05 dividend (TT:NYSE)
seekingalpha.com · via Marketaux · Oct 7, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (BOUNDARY STONE PARTNERS)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (WILLIAMS AND JENSEN, PLLC)third_quarter 2026 · $0.0 million
- Oct 19, 2026LobbyingLobbying report (PELORUS CONSULTING LLC)third_quarter 2026 · $0.0 million
- Oct 6, 2026Patent
- Sep 29, 2026Patent
- Sep 29, 2026Patent
- Sep 22, 2026Patent
- Sep 22, 2026Patent
- Jul 22, 20268-KDirector or officer changeItem 5.02
- Jul 20, 2026LobbyingLobbying report (BOUNDARY STONE PARTNERS)second_quarter 2026 · $0.0 million
- Jul 20, 2026LobbyingLobbying report (WILLIAMS AND JENSEN, PLLC)second_quarter 2026 · $0.0 million
- Jul 18, 2026LobbyingLobbying report (ALPINE GROUP PARTNERS, LLC.)second_quarter 2026 · $0.0 million
- Jul 15, 2026LobbyingLobbying report (TRANE TECHNOLOGIES COMPANY LLC (FKA INGERSOLL RAND, TRANE, AMERICAN STANDARD))second_quarter 2026 · $0.1 million
- Jul 8, 2026LobbyingLobbying report (PELORUS CONSULTING LLC)second_quarter 2026 · $0.0 million
- Jun 10, 20268-KDirector or officer changeItem 5.02
- Jun 5, 20268-KShareholder vote resultsItem 5.07
- Apr 24, 20268-KMaterial agreement signedItem 1.01
- Feb 5, 202610-KAnnual report (10-K)1 risk factors added, 3 removed
- Jul 29, 2025Risk event
- Jun 6, 20258-KShareholder vote resultsItem 5.07
- May 28, 20258-KMaterial agreement signedItem 1.01
- May 28, 20258-KMaterial agreement terminatedItem 1.02
- May 28, 20258-KDirector or officer changeItem 5.02
- Feb 27, 2025Risk event
- Feb 6, 20258-KDirector or officer changeItem 5.02
- Feb 6, 202510-KAnnual report (10-K)1 risk factors added, 0 removed
- Nov 21, 20248-KDirector or officer changeItem 5.02
- Feb 8, 202410-KAnnual report (10-K)0 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Carrier Global CARR | $21.9B | $1.7B | Mar 31, 2026 |
| Johnson Controls JCI | $24.4B | $2.7B | Mar 31, 2026 |
| Builders FirstSource BLDR | $14.4B | $0.6B | Jun 30, 2026 |
| Owens Corning OC | $9.8B | $0.9B | Jun 30, 2026 |
| Masco MAS | $7.7B | $0.9B | Mar 31, 2026 |
| Lennox International LII | $5.3B | $0.7B | Mar 31, 2026 |
| Fortune Brands Innovations FBIN | $4.4B | $0.4B | Jun 27, 2026 |
| Allegion ALLE | $4.3B | $0.7B | Jun 30, 2026 |