Trane Technologies
TT · NYSE · Industrials
$429.11
+$5.88 (+1.37%) today
Market Cap
$101.95B
24h Volume
$902.1M
P/E Ratio
34.6
52w High
$502.27
52w Low
$373.79
Est. AI Revenue
10%
7-Day Sparkline (Static)
Company facts
Performance
About Trane Technologies
Trane Technologies is a climate company focused on heating, ventilation, and air conditioning. Its Trane brand sells commercial HVAC equipment, controls, and services, its residential business sells home systems, and its Thermo King brand covers transport refrigeration. Revenue comes from equipment, parts, and a large services business.
Data centers have become one of the fastest growing verticals in its Americas commercial HVAC segment. Trane supplies the chillers, airside systems, and thermal management equipment that reject the heat AI servers produce, and it has built out a dedicated data center solutions offering as hyperscale construction accelerates.
The company traces its roots to 1871, took the Trane Technologies name in 2020 after Ingersoll Rand split in two, and is headquartered in Swords, Ireland with about 44,000 employees.
Trane Technologies in the AI buildout
Trane Technologies sits in the Cooling & Thermal layer as a cooling supplier. Every megawatt of AI compute needs matching heat rejection, and Trane's chillers and applied HVAC systems are among the standard choices for data center operators. Data center wins are a recurring highlight in its commercial HVAC orders. Still, the company serves the entire built environment, so the buildout is an accelerant to an already large business rather than its foundation.
TT is tracked in Cooling & Thermal, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
TT trades at $429.11, 43% of the way up its 52-week range of $373.79 to $502.27.
Market cap
Market capitalization is $101.95B, with an AI Exposure Score of 52 out of 100.
Valuation vs peers
Its P/E ratio of 34.6 is in line with the Cooling & Thermal category median of 40.4.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Trane Technologies do?
Trane Technologies is a global climate company. Its Trane brand sells commercial and residential heating, ventilation, and air conditioning equipment plus controls and services, while its Thermo King brand makes refrigeration systems for trucks, trailers, and containers.
How is Trane Technologies exposed to AI?
Supercycle rates Trane Technologies Strategic with an AI Exposure Score of 52 out of 100. Data centers are one of the fastest growing verticals in its commercial HVAC business, buying Trane chillers and thermal management systems to cool AI server halls.
Why do data centers need Trane?
AI servers generate far more heat than traditional computing, and that heat has to be removed continuously. Trane supplies the chillers, airside equipment, and thermal management systems that handle heat rejection for data center operators building new AI capacity.
Is TT a pure play AI stock?
No. Trane Technologies is rated Strategic. Data center cooling is a real growth driver, but the large majority of its business is ordinary commercial and residential HVAC and transport refrigeration, tied to construction and cold chain demand rather than AI.
Who leads Trane Technologies?
David Regnery is chairman and CEO, a role he took in 2021 after decades at the company and its Ingersoll Rand predecessor. Trane Technologies is headquartered in Swords, Ireland and employs about 44,000 people.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.