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Trane Technologies
TT

$344.96
2.33%

Market Cap: 78.1B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 18 analysts
0
News positive %
of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

528% more call options, than puts

Call options by funds: $570M | Put options by funds: $90.7M

129% more first-time investments, than exits

New positions opened: 183 | Existing positions closed: 80

22% more capital invested

Capital invested by funds: $45.8B [Q4 2023] → $55.9B (+$10.1B) [Q1 2024]

11% more funds holding in top 10

Funds holding in top 10: 18 [Q4 2023] → 20 (+2) [Q1 2024]

9% more funds holding

Funds holding: 1,165 [Q4 2023] → 1,268 (+103) [Q1 2024]

0.32% less ownership

Funds ownership: 82.61% [Q4 2023] → 82.29% (-0.32%) [Q1 2024]

8% less repeat investments, than reductions

Existing positions increased: 399 | Existing positions reduced: 434

Research analyst outlook

18 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$246
29%
downside
Avg. target
$330
4%
downside
High target
$385
12%
upside

18 analyst ratings

positive
39%
neutral
50%
negative
11%
Baird
Timothy Wojs
4%upside
$360
Neutral
Maintained
15 Jul 2024
Barclays
Julian Mitchell
12%upside
$385
Overweight
Maintained
10 Jul 2024
Wells Fargo
Gabe Hajde
10%downside
$310
Underweight
Maintained
10 Jul 2024
Barclays
Julian Mitchell
10%upside
$380
Overweight
Maintained
4 Jun 2024
UBS
Markus Mittermaier
9%upside
$375
Buy
Maintained
3 Jun 2024

Financial journalist opinion

Based on 10 articles about TT published over the past 30 days