Trane Technologies stock: Mizuho lifts target to USD 485.00 for Trane Technologies stock
Published on 10/19/2026 at 16:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and trading levels
- Mizuho raised its target to USD 485.00 from USD 475.00 on October 15, 2026.
- Trane Technologies stock was quoted at USD 461.91 on October 19, 2026, at 10:36 a.m. ET.
- Trane Technologies stock costs EUR 412.60 at Lang & Schwarz on October 19, 2026 at 4:32 p.m. CEST.
- Trane Technologies is scheduled to discuss third-quarter results on October 29, 2026.
Mizuho raised its price target for Trane Technologies from USD 475.00 to USD 485.00 while keeping a Neutral rating in a note dated October 15, 2026, according to Markets Insider. The new target stood 5.00 percent above the USD 461.91 NYSE price at 10:36 a.m. ET on October 19, 2026. Trane Technologies was trading at EUR 412.60 at Lang & Schwarz on October 19, 2026 at 4:32 p.m. CEST.
Second-quarter scale supports valuation
Trane Technologies reported USD 6.35 billion of revenue for the second quarter of 2026, while operating profit reached USD 1.22 billion and net income was USD 944.90 million. Diluted earnings per share came to USD 4.16, and the operating margin was 19.00 percent for the period.
The second-quarter revenue figure was 27.84 percent above the first quarter's USD 4.97 billion. Operating profit rose from USD 776.10 million in the first quarter to USD 1.22 billion in the second quarter, while net income increased from USD 599.50 million to USD 944.90 million.
Stock stays inside its yearly range
The NYSE price of USD 461.91 on October 19, 2026 stood 8.68 percent below the 52-week high of USD 505.87 and 32.71 percent above the low of USD 348.06. The price-to-earnings ratio was 34.98, and market capitalization was USD 101.6 billion on the same date.
Valuation and next reporting date
At 34.98 times earnings, Trane Technologies carried a higher price-to-earnings ratio than Johnson Controls at 25.62 and lower than Carrier Global at 38.17. The comparison uses the October 19, 2026 NYSE quotations, when Carrier traded at USD 54.98 and Johnson Controls at USD 147.21.
Trane Technologies scheduled its third-quarter 2026 results and conference call for October 29, 2026. The release and presentation are due before the call, which is scheduled for 10 a.m. ET.
Comparison with peers
Trane Technologies (NYSE, USD): P/E 34.98, market capitalization USD 101.6 billion
Carrier Global (NYSE, USD): minus 0.04 percent, P/E 38.17, market capitalization USD 45.3 billion
Johnson Controls (NYSE, USD): plus 1.19 percent, P/E 25.62, market capitalization USD 89.2 billion
Price and trading status
Trane Technologies stock was trading at EUR 412.60 at Lang & Schwarz on October 19, 2026 at 4:32 p.m. CEST. On the NYSE, the stock was trading at USD 461.91 at 10:36 a.m. ET on the same date.
The further course of trading is shown by the continuously updated real-time quote of Trane Technologies stock.
Trane Technologies stock facts
- Company: Trane Technologies plc
- ISIN: IE00BK9ZQ967
- Ticker: TT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 19, 2026, 4:32 p.m. CEST): EUR 412.60
- Market capitalization: USD 101.6 billion (as of October 19, 2026)
- 52-week range: USD 348.06-505.87 (as of October 19, 2026)
- Sector / Industry: Industrials / Industrial Machinery
- Index membership: S&P 500
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
