NYSE:TT 2 December 2025 - 30 January 2026

Trane Technologies shares fell nearly 2% to $417.60 by early Friday afternoon, erasing some gains from Thursday’s post-earnings rally. The company reported a record $7.8 billion backlog and forecast 2026 adjusted EPS of $14.65–$14.85 with revenue growth of up to 9.5%. Investors are watching order conversions and the next earnings report in May.

Trane Technologies shares surged 8% to $426.07 after reporting a 22% jump in organic bookings and a record $7.8 billion backlog for the fourth quarter. The company beat earnings estimates but flagged weak residential and transport demand, despite strong data-center cooling orders.

Trane Technologies shares rose 7.4% to $423.37 after Q4 adjusted EPS of $2.86 and revenue of $5.15 billion topped estimates. The company ended 2025 with a record $7.8 billion backlog, up 15% from a year earlier. Bookings jumped 22% in the quarter. Trane forecasts 2026 adjusted EPS between $14.65 and $14.85.

Trane Technologies shares closed Friday at $391.19, down 3.02%, ending a three-day rally and sitting nearly 18% below July’s 52-week high. Trading volume rose to 1.6 million shares as industrial stocks fell with the broader market. Trane recently announced a deal to acquire Stellar Energy Digital, a data center cooling specialist, with the transaction expected to close in early 2026. Financial terms were not disclosed.