Trane Technologies (TT)

• Market cap: $84.9B
• 1 day: 0.06%
• 5 days: -5.55%
• 1 month: -8.28%
• 3 months: -2.03%
• 6 months: 12.26%
• Year to date: 56.72%
• 1 year: 58.08%
• 5 years: 179.32%
• 10 years: 487.49%
• 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 $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 80% of its revenue.

Employees: 40,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

281% more call options, than puts

Call options by funds: $963M | Put options by funds: $253M

78% more first-time investments, than exits

New positions opened: 167 | Existing positions closed: 94

15% more funds holding in top 10

Funds holding in top 10: 20 [Q2] → 23 (+3) [Q3]

13% more capital invested

Capital invested by funds: $63.6B [Q2] → $71.6B (+$8.07B) [Q3]

5% more funds holding

Funds holding: 1,373 [Q2] → 1,446 (+73) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 516 | Existing positions reduced: 508

2.99% less ownership

Funds ownership: 85.38% [Q2] → 82.39% (-2.99%) [Q3]

Research analyst outlook

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

• Low target: $360 5% downside
• Avg. target: $432 14% upside
• High target: $500 33% upside

8 analyst ratings

• positive: 3 38%
• neutral: 4 50%
• negative: 1 13%

Citigroup Andrew Kaplowitz 61% 1-year accuracy 41 / 67 met price target	27% upside $478	Buy Maintained	9 Dec 2024
Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target	33% upside $500	Overweight Maintained	5 Dec 2024
UBS Amit Mehrotra 20% 1-year accuracy 2 / 10 met price target	33% upside $500	Buy Assumed	13 Nov 2024
HSBC Wesley Brooks 33% 1-year accuracy 1 / 3 met price target	7% upside $405	Hold Downgraded	31 Oct 2024
Baird Timothy Wojs 54% 1-year accuracy 25 / 46 met price target	7% upside $404	Neutral Maintained	31 Oct 2024