Trane Technologies stock price slips after earnings pop as traders size up 2026 targets
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.