B of A Securities has upgraded Trane Technologies PLC (TT) to a Buy rating from Neutral, effective November 12, 2025. The current price of the stock stands at $414.85.
This upgrade reflects an improved outlook on Trane Technologies’ prospects, suggesting enhanced fundamentals or better-than-expected business performance. With a market capitalisation of $92.3 billion and a P/E ratio of 31.48, the company operates in the building industry, providing climate solutions through its brands Trane and Thermo King.
Trane Technologies employs approximately 45,000 full-time staff and serves customers across North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Its diverse portfolio includes commercial and residential heating, cooling, and ventilation systems, as well as energy services. The company is also advancing in autonomous building technology and generative artificial intelligence.
The upcoming earnings report is scheduled for January 25, 2026, with an estimated EPS of $2.90 and revenue of $5.3 billion. Recent earnings performance has shown mixed results, with a slight miss in Q3 2025, where EPS was reported at $3.88 against an estimate of $3.89.
Analyst consensus indicates a total of 34 ratings, comprising 6 Strong Buy, 8 Buy, 19 Hold, and 1 Sell, reflecting a general positive sentiment towards the company. The recent upgrade by B of A Securities underscores a shift in analyst sentiment that could influence investor perceptions moving forward.