Trane Technologies (TT)

• Market cap: $79.6B
• 1 day: -3.22%
• 5 days: -1.59%
• 1 month: -10.66%
• 3 months: -14.58%
• 6 months: 0.90%
• Year to date: -5.09%
• 1 year: 28.30%
• 5 years: 143.63%
• 10 years: 416.94%
• Sector: Industrials
• Industry: Auto Controls for Regulating Residential & Commercial Environments

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 $20 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 80% of its revenue.

Employees: 45,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

124% more first-time investments, than exits

New positions opened: 184 | Existing positions closed: 82

52% more call options, than puts

Call options by funds: $198M | Put options by funds: $130M

11% more repeat investments, than reductions

Existing positions increased: 551 | Existing positions reduced: 495

3% more funds holding

Funds holding: 1,452 [Q3] → 1,490 (+38) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 23 [Q3] → 23 (+0) [Q4]

5.25% less ownership

Funds ownership: 89.33% [Q3] → 84.08% (-5.25%) [Q4]

10% less capital invested

Capital invested by funds: $77.7B [Q3] → $69.8B (-$7.9B) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $360 1% upside
• Avg. target: $422 19% upside
• High target: $500 41% upside

8 analyst ratings

• positive: 3 38%
• neutral: 3 38%
• negative: 2 25%

UBS Amit Mehrotra 33% 1-year accuracy 4 / 12 met price target	32% upside $470	Buy Maintained	31 Jan 2025
JP Morgan Stephen Tusa 65% 1-year accuracy 20 / 31 met price target	12% upside $396	Neutral Maintained	31 Jan 2025
Wells Fargo Joseph O'Dea 50% 1-year accuracy 18 / 36 met price target	1% upside $360	Underweight Maintained	31 Jan 2025
Melius Research Scott Davis 100% 1-year accuracy 1 / 1 met price target	12% upside $398	Hold Downgraded	28 Jan 2025
Citigroup Andrew Kaplowitz 54% 1-year accuracy 44 / 81 met price target	34% upside $476	Buy Maintained	13 Jan 2025