Trane TechnologiesTT
Market Cap: $77.2B
About: 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 $18 billion 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 over 70% of its revenue.
Employees: 40,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
192% more call options, than puts
Call options by funds: $922M | Put options by funds: $316M
101% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 77
10% more repeat investments, than reductions
Existing positions increased: 504 | Existing positions reduced: 457
10% more capital invested
Capital invested by funds: $56.9B [Q1] → $62.4B (+$5.53B) [Q2]
6% more funds holding
Funds holding: 1,286 [Q1] → 1,364 (+78) [Q2]
0.16% more ownership
Funds ownership: 83.69% [Q1] → 83.85% (+0.16%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 20 [Q1] → 20 (+0) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 24%upside $425 | Overweight Initiated | 6 Sept 2024 |
Wells Fargo Joe O'Dea 57% 1-year accuracy 12 / 21 met price target | 6%downside $320 | Underweight Maintained | 6 Sept 2024 |
Stephens & Co. Tommy Moll 92% 1-year accuracy 22 / 24 met price target | 2%upside $350 | Equal-Weight Reiterated | 5 Aug 2024 |
Barclays Julian Mitchell 69% 1-year accuracy 49 / 71 met price target | 15%upside $394 | Overweight Maintained | 1 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 2%upside $350 | Sector Perform Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 9 articles about TT published over the past 30 days