Morgan Stanley keeps USD 565 target for Trane Technologies stock

Published on 10/21/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept its Buy rating and USD 565.00 target on October 19, 2026. Trane Technologies stock costs EUR 412.70 on October 21, 2026.

Analyst view and report timing

Morgan Stanley maintained a USD 565.00 target on October 19, 2026.
Second-quarter revenue reached USD 6.35 billion, up 10.60 percent year over year.
Trane Technologies stock traded at EUR 412.70 at 9:35 a.m. CEST on October 21, 2026.
Third-quarter results are scheduled for October 29, 2026.

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Trane Technologies (ISIN IE00BK9ZQ967) was trading at EUR 412.70 at Lang & Schwarz on October 21, 2026 at 9:35 a.m. CEST. Morgan Stanley kept its Buy rating and USD 565.00 target on October 19, 2026, according to Gekko. The next earnings report is scheduled for October 29.

Target holds at USD 565.00

The latest analyst action keeps attention on Trane Technologies before its third-quarter update. Morgan Stanley maintained its Buy rating and USD 565.00 price target on October 19, 2026, as reported by Gekko. The target is stated in US dollars and is separate from the euro quotation used for German investors.

The company reported second-quarter 2026 revenue of USD 6.35 billion, up 10.60 percent from the same period a year earlier. Operating margin was 19.00 percent in the quarter, while adjusted earnings per share reached USD 4.31, according to Financial Report Insights. The comparison matters because demand growth has been accompanied by pressure from costs and capacity needs.

Three dated developments

On July 30, 2026, Trane Technologies reported USD 6.35 billion in second-quarter revenue. On October 7, 2026, it declared a quarterly dividend of USD 1.05 per ordinary share, or USD 4.20 annualized, according to Business Wire. On October 19, 2026, Morgan Stanley maintained its USD 565.00 target, according to Gekko.

What dates matter next?

Trane Technologies will discuss third-quarter 2026 results on October 29, 2026, at 10:00 a.m. ET, according to its Trane Technologies release. The USD 1.05 dividend is payable on December 31, 2026, to shareholders of record on December 4, 2026, as reported by Business Wire.

Euro quote before results

The NYSE-listed company is entering its next reporting date with second-quarter revenue growth of 10.60 percent and an analyst target of USD 565.00. At Lang & Schwarz, the stock was trading at EUR 412.70 on October 21, 2026 at 9:35 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Trane Technologies stock.