---
title: "TT Trane Technologies"
canonical: "https://supercyclehq.com/stock/trane-technologies"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "TT"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Trane Technologies (TT)

Trane Technologies is a climate company focused on heating, ventilation, and air conditioning.

## AI Exposure Score

**52/100, Strategic.** Data center cooling demand is a repeatedly cited growth driver for Trane's applied HVAC business, with chillers and thermal management systems going into AI server halls. The revenue base is still broad commercial and residential HVAC plus transport refrigeration, so the thesis depends mostly on general construction, not the buildout.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $413.33 |
| Change 1d | +0.81% |
| Change 7d | -9.16% |
| Change 30d | -10.90% |
| Change 1y | -6.74% |
| 52-week high | $502.27 |
| 52-week low | $373.79 |
| Market cap | $90.5B |
| P/E | 28.72 |
| EPS | $14.39 |
| Next earnings | 2027-01-28 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Industrials |
| Headquarters | Swords, Ireland |
| CEO | David S. Regnery |
| Employees | 44,000 |
| Website | https://www.tranetechnologies.com |
| Buildout layers | [Cooling & Thermal](https://supercyclehq.com/category/cooling-thermal) |

## What the company does

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.

## Role 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.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $2.5M | 0.01% | new | 2026-06-30 |

## FAQ

### 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.

---

Source: https://supercyclehq.com/stock/trane-technologies. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.