Trane Technologies (FRA:2IS) Dividend Payout Ratio: 0.40 (As of Mar. 2026) — 18% Above Median

What is Trane Technologies Dividend Payout Ratio?

Trane Technologies FRA:2IS -1.09% 92 Dividend Payout Ratio is 0.40 as of Mar. 2026, which is 18% above its 10-year median of 0.34. GuruFocus rates FRA:2IS with a GF Score™ of 92/100 and a GF Value™ of €361.85 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 860 Construction companies, Trane Technologies ranks better than 67.44% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Trane Technologies's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.40.

The historical rank and industry rank for Trane Technologies's Dividend Payout Ratio or its related term are showing as below:

FRA:2IS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.34 Max: 0.48
Current: 0.29

During the past 13 years, the highest Dividend Payout Ratio of Trane Technologies was 0.48. The lowest was 0.29. And the median was 0.34.

FRA:2IS's Dividend Payout Ratio is ranked better than
67.44% of 860 companies
in the Construction industry
Industry Median: 0.39 vs FRA:2IS: 0.29

As of today (2026-06-30), the Dividend Yield % of Trane Technologies is 0.82%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Trane Technologies was 3.51%. The lowest was 0.75%. And the median was 1.58%.

Trane Technologies's Dividends per Share for the months ended in Mar. 2026 was €0.91.

During the past 12 months, Trane Technologies's average Dividends Per Share Growth Rate was 11.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Trane Technologies was 44.20% per year. The lowest was -27.00% per year. And the median was 7.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Trane Technologies (FRA:2IS) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Trane Technologies Dividend Payout Ratio Related Terms

Trane Technologies Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Trane Technologies's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Trane Technologies Dividend Payout Ratio Chart

Trane Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.39

0.36

0.33

0.30

0.29

Trane Technologies Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.38	0.24	0.24	0.33	0.40

FRA:2IS vs JCI, CARR, LII: Dividend Payout Ratio Comparison

For the Building Products & Equipment subindustry, Trane Technologies's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Trane Technologies Dividend Payout Ratio vs Construction Industry

For the Construction industry and Industrials sector, Trane Technologies's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Trane Technologies's Dividend Payout Ratio falls into.

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92GF Score

Trane Technologies PLC FRA:2IS

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Trane Technologies Dividend Payout Ratio Calculation

Trane Technologies's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	3.211	/	11.153
	=	0.29

Trane Technologies's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.908	/	2.275
	=	0.40

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.40 mean?

Trane Technologies (FRA:2IS) has a Dividend Payout Ratio of 0.40 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Trane Technologies and its competitors. This is 18% above median its historical median of 0.34. Over the past decade, Trane Technologies' Dividend Payout Ratio has ranged from 0.29 to 0.48. According to the industry distribution chart, Trane Technologies ranks #280 out of 860 companies in the Construction industry, placing it in the top 32.6%.

Is Trane Technologies' Dividend Payout Ratio too high?

Trane Technologies' current Dividend Payout Ratio of 0.40 is 18% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.48. The Construction industry median Dividend Payout Ratio is 0.39. Trane Technologies' value of 0.40 is 2.6% above this industry median. Based on the distribution chart, Trane Technologies ranks #280 out of 860 companies in the Construction industry, which is above the industry midpoint. Overall, Trane Technologies has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Trane Technologies' Dividend Payout Ratio compare to JCI and CARR?

According to the Construction industry distribution chart, Trane Technologies ranks #280 out of 860 companies for Dividend Payout Ratio. This puts Trane Technologies in the upper half of its industry. The industry median Dividend Payout Ratio is 0.39. Trane Technologies' value of 0.40 is 2.6% above this benchmark. Historically, Trane Technologies' own Dividend Payout Ratio has ranged from 0.29 to 0.48 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.39, Trane Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Construction company?

The median Dividend Payout Ratio among Construction companies is 0.39, based on 860 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trane Technologies's current Dividend Payout Ratio of 0.40 is 2.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Trane Technologies and its competitors. For the Construction industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trane Technologies's current Dividend Payout Ratio is 0.40, which is 18% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Trane Technologies stock overvalued right now?

Based on GuruFocus' analysis, Trane Technologies (FRA:2IS) is currently considered Modestly Overvalued. The stock's GF Value™ is €361.85, compared to a current price of €417.70 — trading 15.4% above its estimated fair value. The current Dividend Payout Ratio is 0.40, which is 18% above median its 10-year median of 0.34 and 2.6% above the Construction industry median of 0.39. Trane Technologies' overall GF Score™ is 92/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Trane Technologies (FRA:2IS), the current Dividend Payout Ratio is 0.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Trane Technologies (FRA:2IS) Overvalued in 2026?

Based on GuruFocus' analysis, Trane Technologies stock appears to be overvalued. The current stock price of €417.70 is trading 15.4% above its estimated GF Value™ of €361.85. GuruFocus considers Trane Technologies to be Modestly Overvalued.

Key valuation signals for FRA:2IS:

Dividend Payout Ratio: 0.40 (18% above median its 10-year median of 0.34)
GF Value™: €361.85 vs. price of €417.70 (15.4% above fair value)
GF Score™: 92/100 with 6 warning signs
Industry Position: 2.6% above the Construction median (#280 of 860)

No single metric tells the full story. See the FRA:2IS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Trane Technologies Business Description

Industry Industrials Construction

Comparable Companies JCI CARR LII MAIR MAS CSL WMS SPXC OC AAON XPAR:SGO TSE:6367 XSWX:GEBN DUB:KRX XSWX:BEAN BLDR TSE:5332 SZSE:000811 OSTO:NIBE B OCSE:ROCK A

Other Exchanges TT:USA TTN:Mexico 1TTH:Italy 0Y2S:UK 2IS:Germany I1RP34:Brazil

Address 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL

Website https://www.tranetechnologies.com

Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for approximately 80% of its revenue, with 13% from EMEA and 7% Asia-Pacific. The company was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.

92GF Score

Get the complete analysis for FRA:2IS

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€417.70

Price

€361.85

GF Value

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