Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services climate control products for heating, ventilation, air conditioning, and transport solutions. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. Trane Technologies plc markets and sells its products under the Trane, Thermo King, and American Standard brands through sales offices, distributors, and dealers in the United States; and through sales and service companies with a supporting chain of distributors worldwide. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.
IPO Year:
Exchange: NYSE
Website: tranetechnologies.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/13/2024 | $375.00 → $500.00 | Buy | UBS |
10/31/2024 | $405.00 | Buy → Hold | HSBC Securities |
9/6/2024 | $425.00 | Overweight | Morgan Stanley |
10/6/2023 | $191.00 | Underweight → Neutral | JP Morgan |
10/5/2023 | $187.00 → $210.00 | Underperform → Neutral | BofA Securities |
9/15/2023 | $256.00 | Buy | HSBC Securities |
3/28/2023 | Perform | Oppenheimer | |
1/4/2023 | $168.00 → $200.00 | Neutral → Buy | UBS |
12/21/2022 | $180.00 | Outperform → Market Perform | BMO Capital Markets |
12/12/2022 | $160.00 | Neutral → Underperform | BofA Securities |
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Trane Technologies plc (NYSE:TT) a global climate innovator, today announced that company leadership will participate in a fireside chat at the UBS Global Industrials and Transportation Conference. They will speak at 8:50 a.m. EST on Tuesday, December 3, 2024. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days following the event. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficien
Trane Technologies plc (NYSE:TT) a global climate innovator, today announced that company leadership will participate in a fireside chat at the Goldman Sachs Industrials and Materials Conference. They will speak at 8:00 a.m. EST on Wednesday, December 4, 2024. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days following the event. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficien
Collaboration targets critical workflows and leverages AI to simplify innovative design scenarios for engineers and architects and enable more sustainable solutions Trane Technologies (NYSE:TT), a global climate innovator and Autodesk, Inc. (NASDAQ:ADSK), a global leader in building information modeling (BIM) technology for the architecture, engineering, construction (AEC) and operations industry, announced a strategic collaboration aimed at optimizing commercial building design for sustainability. This innovative cross-industry collaboration seeks to simplify the user experience and enable AI-assisted design exploration by integrating Trane's TRACE® software and Autodesk Revit for engi
Trane Technologies (NYSE:TT), a global climate innovator, will underscore the critical need for decarbonizing the built environment and transport sectors, advocating and advancing climate policies, and increasing the adoption of electrified heating and cooling and other low-carbon, energy-efficient solutions during COP29 in Baku, Azerbaijan, November 11 – 22. As a member of the World Economic Forum's Alliance of CEO Climate Leaders, Trane Technologies joined more than 100 CEOs and Senior Executives in signing an open letter to world leaders ahead of the UN Climate Change Conference 2024 (COP29). The letter emphasizes the need for governments and business to double down on transformative p
Highlights (third-quarter 2024 versus third-quarter 2023, unless otherwise noted): Reported revenues of $5.4 billion, up 11 percent; organic revenues* up 11 percent GAAP operating margin up 110 bps; adjusted operating margin* up 90 bps Adjusted EBITDA margin* of 20.7 percent, up 120 bps GAAP continuing EPS of $3.43; adjusted continuing EPS* of $3.37, up 21 percent Continued strong bookings of $5.2 billion, up 5 percent *This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations. Trane Technologies plc (NYSE:TT), a global
CHICAGO, Oct. 15, 2024 /PRNewswire/ -- Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the firm has been recognized as one of the world's top risk and compliance technology providers in the Chartis RiskTech100® 2025 rankings. The report, released in conjunction with a virtual event on Oct. 9, highlighted TT as the fourth best new entrant among the 22 firms that debuted this year in the rankings. The honor from Chartis comes just months after TT's launch of TT Trade Surveillance, a multi-asset trade surveilla
Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its third quarter 2024 financial results on Wednesday, October 30, 2024, at 10 a.m. ET. The company will issue its third 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 wishing to listen can access the call through the company's website at www.tranetechnologies.com under the investor relations section. For those unable to listen to the live event, a replay will be available on the company's webs
The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.84 per ordinary share, or $3.36 per share annualized. The dividend is payable December 31, 2024, to shareholders of record on December 6, 2024. The Company has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more
Global climate innovator expands 2030 Sustainability Commitments with precedent-setting goal, building on leadership in sourcing sustainable materials Industry-first commitment to play crucial role in lowering carbon footprint of buildings Trane Technologies (NYSE:TT), a global climate innovator, today announced a commitment to reduce embodied carbon by 40% by 2030, an industry first. Building on its leadership in sourcing more sustainable solutions like low-carbon steel, Trane Technologies will focus its efforts on partnering with suppliers of materials used in buildings and building equipment including steel, aluminum, copper and refrigerants, while continuing to incorporate circular de
Kian Capital-backed Team Air Distributing ("Team Air"), a leading wholesale distributor providing OEM-branded HVAC equipment, parts and supplies to residential and commercial contractors, has been awarded new territories in Northern Georgia and the Metro Atlanta area from its OEM partner American Standard, a division of Trane Technologies (NYSE:TT). Team Air will open six new branch locations in Northern Georgia and the Metro Atlanta area, beginning with three branches in January 2025 and an additional three branches to be opened in the first half of 2025. The market launch will add more than 85 new employees, creating new jobs in the Atlanta metro and bringing the company's employee count
On CNBC's “Mad Money Lightning Round,” Jim Cramer said TORM plc (NASDAQ:TRMD) has a “remarkably high dividend yield. And as long as it has that dividend yield, the stock's going to stay up. But, when things start going bad, and they always do in this business, that yield's going to start going down.” On July 23, Evercore ISI Group analyst Jonathan Chappell maintained TORM with an Outperform rating, while increasing the price target from $45 to $48. Cramer recommended buying Trane Technologies plc (NYSE:TT). “Hard to stop a Trane,” he added. Trane Technologies will report its second-quarter financial results on Wednesday, July 31. Analysts expect the company to report quarterly earni
Trane Technologies (NYSE:TT) has outperformed the market over the past 15 years by 8.06% on an annualized basis producing an average annual return of 20.31%. Currently, Trane Technologies has a market capitalization of $78.08 billion. Buying $100 In TT: If an investor had bought $100 of TT stock 15 years ago, it would be worth $1,591.50 today based on a price of $344.96 for TT at the time of writing. Trane Technologies's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated
- Bloomberg
During the last three months, 13 analysts shared their evaluations of Trane Technologies (NYSE:TT), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 6 2 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 1 0 2M Ago 1 1 0 0 0 3M Ago 2 0 5 1 0 Analysts have set 12-month price targets for Trane Technologies, revealing an average target of $342.0, a high estimate of $385.00, and a low estimate of $295.00. This current average reflects an increase o
Baird analyst Timothy Wojs maintains Trane Technologies (NYSE:TT) with a Neutral and raises the price target from $344 to $360.
Barclays analyst Julian Mitchell maintains Trane Technologies (NYSE:TT) with a Overweight and raises the price target from $380 to $385.
Wells Fargo analyst Gabe Hajde maintains Trane Technologies (NYSE:TT) with a Underweight and raises the price target from $295 to $310.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Ferguson plc (NYSE:FERG) is a “very, very good” company. However, he recommends Trane Technologies plc (NYSE:TT) or Carrier Global Corporation (NYSE:CARR) ‘in case you want HVAC (heating, ventilating, and air conditioning).’ On June 4, Ferguson reported third-quarter net sales of $7.308 billion. That’s 2.4% higher year over year, driven by volume improvement despite continued deflation of approximately 2%. KKR & Co. Inc. (NYSE:KKR) is the “foremost, the other one that I would recommend is Blackstone (NYSE:BX),” Cramer said. On July 8, TD Cowen analyst Bill Katz maintained KKR with a Buy and lowered the price target from $157 to
Trane Technologies (NYSE:TT) has outperformed the market over the past 10 years by 10.55% on an annualized basis producing an average annual return of 21.45%. Currently, Trane Technologies has a market capitalization of $75.30 billion. Buying $100 In TT: If an investor had bought $100 of TT stock 10 years ago, it would be worth $691.06 today based on a price of $332.68 for TT at the time of writing. Trane Technologies's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated c
UBS resumed coverage of Trane with a rating of Buy and set a new price target of $500.00 from $375.00 previously
HSBC Securities downgraded Trane from Buy to Hold and set a new price target of $405.00
Morgan Stanley initiated coverage of Trane with a rating of Overweight and set a new price target of $425.00
JP Morgan upgraded Trane from Underweight to Neutral and set a new price target of $191.00
BofA Securities upgraded Trane from Underperform to Neutral and set a new price target of $210.00 from $187.00 previously
HSBC Securities initiated coverage of Trane with a rating of Buy and set a new price target of $256.00
Oppenheimer initiated coverage of Trane with a rating of Perform
UBS upgraded Trane from Neutral to Buy and set a new price target of $200.00 from $168.00 previously
BMO Capital Markets downgraded Trane from Outperform to Market Perform and set a new price target of $180.00
BofA Securities downgraded Trane from Neutral to Underperform and set a new price target of $160.00
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Trane Technologies (NYSE:TT), a global climate innovator, announced the appointment of Riaz Raihan as Chief Digital Officer, effective December 11. Raihan will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the digital strategy for Trane Technologies globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211638010/en/Riaz Raihan joins Trane Technologies as Chief Digital Officer (Photo: Business Wire) "The appointment of Riaz as Chief Digital Officer is an exciting milestone for Trane Technologies as we continue to broaden our digital services and solutions," said Dave Regnery, ch
Trane Technologies (NYSE:TT), a global climate innovator, is pleased to announce Deidra Parrish Williams and Britt Smith have been named as 2023 Women on the Rise by Paradigm for Parity®. The annual accolade highlights women who are breaking barriers in corporate leadership and show the value of gender parity, including racial equity in the workforce. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005221036/en/Britt Smith and Deidra Parrish Williams recognized as 2023 Women on the Rise by Paradigm for Parity®. (Photo: Business Wire) "We are extremely proud to see Deidra and Britt recognized with this prestigious award," said
Trane Technologies (NYSE:TT), a global climate innovator, today announced the appointment of Ana Paula Assis to its Board of Directors, effective immediately. Assis is the Chair and General Manager of IBM in Europe, the Middle East and Africa (EMEA). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231004432631/en/Ana Paula Assis joins Trane Technologies' Board of Directors (Photo: Business Wire) "Ana Paula has been instrumental in driving growth and transformation in markets around the world throughout her career," said Dave Regnery, chair and CEO of Trane Technologies. "Her international business leadership and her deep technolo
Trane Technologies plc (NYSE:TT), a global climate innovator, held its 2022 Annual General Meeting of shareholders in Adare, Ireland. During the Annual General Meeting, the company's shareholders considered six proposals: nominations to reelect 11 members of Trane Technologies' Board of Directors; advisory approval of the compensation of the company's named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors' remuneration; renewal of the Board of Directors' existing authority to issue shares; renewal of the Board of Directors' existing authority to issue shares for cash without first offering shares to existing shareholders;
Marcia Avedon, executive vice president and chief human resources, marketing and communications officer, to retire in April Mairéad Magner named senior vice president and chief human resources officer Carrie Amendum Ruddy named senior vice president and chief communications and marketing officer Trane Technologies (NYSE:TT), a global climate innovator, today announced that Marcia Avedon, Ph.D., executive vice president and chief human resources, marketing and communications officer, has announced her planned retirement from the company in April 2022 after 15 years of service and a distinguished career. Mairéad Magner has been named senior vice president and chief human resources offi
Executive chair Mike Lamach to retire from the company on December 31, 2021 The Board of Directors of Trane Technologies (NYSE:TT), a global climate innovator, has appointed CEO Dave Regnery as chair of the Board, effective January 1, 2022. Regnery succeeds Mike Lamach, who has served as executive chair through the CEO transition and plans to formally retire from the company on December 31, 2021 following a smooth and successful transition of leadership. As previously announced, Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, will continue to serve as lead independent director. "Dave's appointment as chair of the
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced that its Board of Directors has appointed Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, as lead independent director, effective immediately. “As lead independent director, Gary will offer strategic insights, guidance and expertise on governance matters as we create long-term value for all our stakeholders,” said Mike Lamach, chair and CEO, Trane Technologies. “Given his long tenure on the Board, Gary has a strong understanding of our businesses and end markets. In addition to his deep business and
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced that Dave Regnery, current president and chief operating officer, has been named chief executive officer and will join the Board of Directors. He succeeds Mike Lamach, who will serve as executive chair of the Board until his planned retirement from the company sometime in the first half of 2022. These changes are effective July 1, 2021. “Dave Regnery is the clear choice to lead Trane Technologies into the future, consistent with our comprehensive succession plan,” said Lamach. “Dave has worked alongside me to shape nearly every aspect of our global business – from our busi
LENEXA, Kan., May 26, 2021 /PRNewswire/ -- Synexis today announced the appointment of Karin De Bondt to the Synexis board of directors, effective immediately. De Bondt is the president of Thermo King Americas, a strategic brand of Trane Technologies plc (NYSE:TT), and worldwide leader in delivering sustainable solutions to strengthen the cold chain and create healthier air quality for transit. She is a member of Trane Technologies' Executive Leadership Team and is currently responsible for the management, operations, and financial performance of Thermo King Americas. "We're p
Highlights (third-quarter 2024 versus third-quarter 2023, unless otherwise noted): Reported revenues of $5.4 billion, up 11 percent; organic revenues* up 11 percent GAAP operating margin up 110 bps; adjusted operating margin* up 90 bps Adjusted EBITDA margin* of 20.7 percent, up 120 bps GAAP continuing EPS of $3.43; adjusted continuing EPS* of $3.37, up 21 percent Continued strong bookings of $5.2 billion, up 5 percent *This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations. Trane Technologies plc (NYSE:TT), a global
Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its third quarter 2024 financial results on Wednesday, October 30, 2024, at 10 a.m. ET. The company will issue its third 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 wishing to listen can access the call through the company's website at www.tranetechnologies.com under the investor relations section. For those unable to listen to the live event, a replay will be available on the company's webs
The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.84 per ordinary share, or $3.36 per share annualized. The dividend is payable December 31, 2024, to shareholders of record on December 6, 2024. The Company has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more
Highlights (second-quarter 2024 versus second-quarter 2023, unless otherwise noted): Reported revenues of $5.3 billion, up 13 percent; organic revenues* up 13 percent GAAP operating margin up 70 bps; adjusted operating margin* up 140 bps Adjusted EBITDA margin* of 21.1 percent, up 140 bps GAAP continuing EPS of $3.33; adjusted continuing EPS* of $3.30, up 23 percent Bookings* up 19 percent, led by Americas Commercial HVAC, up 21 percent *This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations. Trane Technologies
Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its second quarter 2024 financial results on Wednesday, July 31, 2024, at 10 a.m. ET. The company will issue its second 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 wishing to listen can access the call through the company's website at www.tranetechnologies.com under the investor relations section. For those unable to listen to the live event, a replay will be available on the company's websit
The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.84 per ordinary share, or $3.36 per share annualized. The dividend is payable September 30, 2024, to shareholders of record on September 6, 2024. The Company has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. Since March of 2020, Trane Technologies has raised the quarterly dividend by 58 percent. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring e
Highlights (first-quarter 2024 versus first-quarter 2023, unless otherwise noted): Reported revenues of $4.2 billion, up 15 percent; organic revenues* up 14 percent GAAP operating margin up 250 bps; adjusted operating margin* up 230 bps Adjusted EBITDA margin* of 16.8 percent, up 200 bps GAAP continuing EPS of $1.92; adjusted continuing EPS* of $1.94, up 38 percent Organic bookings* up 17 percent, led by Americas Commercial HVAC, up 30 percent $7.7 billion backlog, up 10 percent versus year-end 2023, and over 2.5 times historical norms *This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of
The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.84 per ordinary share, or $3.36 per share annualized. The dividend is payable June 28, 2024, to shareholders of record on June 7, 2024. Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn mo
Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its first quarter 2024 financial results on Tuesday, April 30, 2024, at 10 a.m. ET. The company will issue its first 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 wishing to listen can access the call through the company's website at www.tranetechnologies.com under the investor relations section. For those unable to listen to the live event, a replay will be available on the company's website a
Trane Technologies plc (NYSE:TT), a global climate innovator, announced the Board of Directors has approved a 12% increase to the dividend, resulting in a quarterly dividend of $0.84 per ordinary share, or $3.36 per share annualized. The dividend is payable March 29, 2024, to shareholders of record on March 1, 2024. "Our purpose-driven strategy, relentless innovation, and proven business operating system enable us to consistently deliver a superior growth profile, strong margins and powerful free cash flow to execute our balanced capital allocation strategy," said Dave Regnery, chair and CEO, Trane Technologies. "This focus on our growth strategy, along with continued high levels of custo