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 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: $923M | Put options by funds: $316M
114% more first-time investments, than exits
New positions opened: 156 | Existing positions closed: 73
11% more repeat investments, than reductions
Existing positions increased: 505 | Existing positions reduced: 457
10% more capital invested
Capital invested by funds: $56.9B [Q1] → $62.4B (+$5.54B) [Q2]
6% more funds holding
Funds holding: 1,287 [Q1] → 1,370 (+83) [Q2]
0.17% more ownership
Funds ownership: 83.69% [Q1] → 83.86% (+0.17%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 20 [Q1] → 20 (+0) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Mizuho Brett Linzey 96% 1-year accuracy 24 / 25 met price target | 2%upside $400 | Neutral Maintained | 17 Oct 2024 |
Goldman Sachs Joe Ritchie 75% 1-year accuracy 15 / 20 met price target | 3%upside $407 | Neutral Maintained | 9 Oct 2024 |
Wells Fargo Joe O'Dea 79% 1-year accuracy 15 / 19 met price target | 9%downside $360 | Underweight Maintained | 7 Oct 2024 |
Barclays Julian Mitchell 77% 1-year accuracy 62 / 81 met price target | 8%upside $425 | Overweight Maintained | 2 Oct 2024 |
Morgan Stanley Chris Snyder 77% 1-year accuracy 10 / 13 met price target | 8%upside $425 | Overweight Initiated | 6 Sept 2024 |
Financial journalist opinion
Based on 12 articles about TT published over the past 30 days
