Trane Technologies plc (NYSE:TT) dominates commercial HVAC. Analysts highlight its service-led model and robust backlog. Market cap ~$100B, P/E 34.4. Stock trades above Bond.az Fair Value.
Commercial HVAC accounts for >60% of revenue. Bookings surged >20% by end-2025, providing visibility into 2027. Data centers and building efficiency drive demand. Analysts project ~8% organic growth through 2028.
Residential HVAC remains weak, pressuring overall growth. Q3 2025 adjusted EPS of $3.88 beat consensus. R4 2025 EPS of $2.86 matched estimates. FY2025 revenue $21.3B, EPS $13.06. For FY2026, revenue expected ~$23.5B, EPS ~$15.
Note: Data as of 2025-2026. This is not investment advice.
