Trane Technologies
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
189% more call options, than puts
Call options by funds: $978M | Put options by funds: $338M
118% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 77
15% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 23 (+3) [Q3]
12% more capital invested
Capital invested by funds: $69.1B [Q2] → $77.7B (+$8.62B) [Q3]
5% more funds holding
Funds holding: 1,373 [Q2] → 1,448 (+75) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 516 | Existing positions reduced: 508
3.48% less ownership
Funds ownership: 92.82% [Q2] → 89.33% (-3.48%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$380
2%
downside
Avg. target
$431
11%
upside
High target
$500
28%
upside
8 analyst ratings
3 positive
38%
4 neutral
50%
1 negative
13%
JP Morgan Stephen Tusa 73% 1-year accuracy 22 / 30 met price target | 1%downside $387 | Neutral Maintained | 15 Jan 2025 |
Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target | 22%upside $476 | Buy Maintained | 13 Jan 2025 |
Wells Fargo Joe O'Dea 80% 1-year accuracy 12 / 15 met price target | 2%downside $380 | Underweight Maintained | 7 Jan 2025 |
RBC Capital Deane Dray 48% 1-year accuracy 30 / 62 met price target | 1%upside $395 | Sector Perform Maintained | 3 Jan 2025 |
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target | 28%upside $500 | Overweight Maintained | 5 Dec 2024 |
Financial journalist opinion
Based on 13 articles about TT published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Construction Names
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Neutral
GlobeNewsWire
5 days ago
Chillers Market Global Outlook 2025-2029, with Profiles of Daikin, Trane Technologies, Carrier, Smardt Chiller, Drake Refrigeration, PolyScience, LG Electronics, Dimplex Thermal Solutions and Thermax
Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "Chillers Market by Type, Medium, Capacity, End-Use Industry - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The chillers market is projected to reach USD 15.42 billion by 2029, at a CAGR of 5.0% from USD 12.08 billion in 2024. The market for chillers is propelled by the growing industrialization, urbanization along with immediate need of efficient energy usage systems. An upsurge in construction activities worldwide, especially in the developing world, is increasing the use of chillers for managing indoor environmental quality in business buildings and houses. Growing concerns towards energy efficiency have motivated the advances including green refrigerants and enhanced compressors. Business sectors that require temperature control use chillers, including pharmaceutical, food & beverages,and data centers. Moreover, climate change, government regulations for energy efficacious, and enhancement of intelligent infrastructure investments across Asia-Pacific and Middle East, as well as IoT-era smart cooling technologies are creating demand for this system. Based on medium, air-cooled accounted to be the second largest market during the forecast period, in terms of value. Air-cooled chillers are the second-largest segment in the chillers market, because of their multiple application, low cost and simply installation. Although compared to water-cooled chillers, they do not need a cooling tower and complex water circulation systems, they are particularly suitable for places where water availability is restricted or water rationing is practiced. These are popular with industries and commercial facilities that require efficient and low cost cooling systems with little demand for maintenance. These chillers can especially be used in climates that are moderate and do not need extra equipment to support chillers. Technological enhancements of air-cooled chillers due to higher regards to energy and sustainability include variation in compressor speed, use of environment-friendly refrigerants, and enhanced control systems that enhance the use of air-cooled chillers. Demand for air-cooled chillers is mainly driven by data centers, healthcare, manufacturing industries where the control of temperature is very important. Moreover, expansion in the intra-urban infrastructure and mainly the accession of advanced developing countries to industrialization have made them popular in business and residential complexes. Trends such as government's push for the enhancement of energy-efficient cooling systems and a rising infrastructure expenditure also have a positive impact on the market for chillers cementing the second biggest segment in the chillers market. Based on type, scroll chillers projected second largest market during the forecast period, in terms of value. Scroll chillers comprise the second largest market segment in chillers due to their high efficiency, compactness and versatility of operation. Such chillers incorporate scroll compressor which are reputed to have very high reliability and operational efficiency with low maintenance requirements. Owing to its design, the company's products are easy to install due to their small size and weight and are suitable for small to mid-sized commercial and industrial applications such as business offices, shops and small scale manufacturing factories. Moreover, the noise level of scroll chillers is low, thus recommendable for installations that cause excessive noise. Another factor that has lead to their use is energy efficiency. Some common technologies of scroll chillers are variable-speed drives, by which the operating costs are decreased according to requirements. Because of this, their size is flexible which means users can simply add more of them as demand for cooling increases. Also, the raise in concern with sustainable chemical and ecological aspects to reduce green effects of refrigerants has stimulated the growth of scroll chillers as many of them conform to other regulatory measures concerning environmental protection. They are cheap to acquire and offer users notably excellent performance due to their positioning in price- performance matrix. Based on capacity, 300-700 kW is the fastest growing market during the forecast period, in terms of value. The market growth in chillers is witnessed most in the segment of 300-700 kW due to their efficiency, adaptability, and suitability for mid-sized applications. The applications of this chillers include commercial buildings, hospitals, hotels, and industries, which typically require a moderate cooling capacity. Increasing urbanization brings in more and more smart city developments along with mixed-use projects, increasing the demand for compact and efficient cooling solutions. The 300-700 kW chillers serve this purpose by providing a balance between performance and space optimization. Energy efficiency regulations and sustainability goals also contribute to the growth of this segment. This type of chiller generally comprises advanced technologies like variable speed drives and intelligent controls to minimize energy consumption and running cost. They also offer suitability towards renewable sources and environmentally friendly refrigerants as well as conform to world trends of sustainability. Urbanization further drives up demand for district cooling systems, which these chillers easily fit into. Their ability to scale up makes them popular choices for expansion of facilities. Ability to meet varied cooling needs under high energy standards makes 300-700 kW chillers an essential part of the evolution of the HVAC market, propelling it rapidly across the globe. Based on end-use industry, food & beverages is the fastest growing market during the forecast period, in terms of value. The food & beverages industry projected fastest growth-inducing segment in the chillers market since they highly need to use the products under temperature control to ascertain safety, shelf life, and the quality of the product. Chilling is a very integral part of food & beverages productions. It is used as cooling during manufacturing, storing, and transporting. Increasing consumer demand for processed, frozen, and ready-to-eat foods in urban regions is raising the usage of high-tech chilling technologies. Also, regulatory standards for food safety and hygiene are very stringent; manufacturers want to invest in efficient and reliable cooling systems. Expansion of the cold chain logistics sector across the globe is increasing the demand for chillers. The export of perishable items such as dairy, meat, and seafood by food producers has made the control of precise temperature critical. In addition, growing demand for craft beverages and premium products, such as specialty wines and beers, mandates customized chilling solutions to ensure taste and quality. Asian-Pacific and Latin America's emerging markets, which are rapidly urbanizing and witnessing changes in diet, have been major contributors to growth. The innovation of energy-efficient and eco-friendly chillers is in tune with the industry's objective of cost-effective operation and less environmental impact, thus making this product more readily adopted within the food & beverages industry.
Positive
Zacks Investment Research
6 days ago
Will Trane Technologies (TT) Beat Estimates Again in Its Next Earnings Report?
Trane Technologies (TT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Seeking Alpha
1 week ago
Trane Technologies: A Profitable Growth Stock For Green Investors
Trane Technologies is a profitable growth stock with a strong commitment to sustainability. Analysts expect double-digit earnings increases through 2026 and this analyst has a one-year price target of $450.00. The company's Q3-2024 results beat estimates, with revenue and earnings growth, a growing backlog, and a robust capital allocation strategy, including dividends and share buybacks.
Neutral
Benzinga
1 week ago
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Neutral
Business Wire
1 week ago
Trane Technologies Schedules Fourth Quarter 2024 Earnings Conference Call
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its fourth quarter 2024 financial results on Thursday, January 30, 2025, at 10 a.m. ET. The company will issue its fourth quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be broadcast live over the internet. Individuals.
Positive
Zacks Investment Research
1 week ago
Here's Why Trane Technologies (TT) is a Strong Growth Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Neutral
Business Wire
2 weeks ago
Trane Technologies Completes Acquisition of BrainBox AI
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, announced that it has completed the acquisition of BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology. The acquisition was previously announced in a press release on December 18, 2024. BrainBox AI uses advanced deep learning algorithms to predict building energy needs and automate HVAC systems, thus reducing energy consumption by up to 25%.
Positive
The Motley Fool
3 weeks ago
These Climate Solutions Stocks Have Turned Up the Heat in 2024. Can Their Rally Continue, or Will They Cool Off in 2025?
Demand for heating, ventilation, and air conditioning (HVAC) systems warmed up considerably in 2024. That powered strong growth for companies that provide climate solutions, like Lennox (LII -1.53%) and Trane Technologies (TT -1.19%).
Positive
Zacks Investment Research
3 weeks ago
Strong Demand in Commercial HVAC Market Benefits Trane Technologies
TT benefits from differentiated customer-driven solutions and shareholder-friendly policies.
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