Trane Technologies (TT)

• Market cap: $85.5B
• 1 day: 8.45%
• 5 days: 13.64%
• 1 month: 13.77%
• 3 months: 4.64%
• 6 months: 2.07%
• Year to date: 2.53%
• 1 year: 20.79%
• 5 years: 338.47%
• 10 years: 482.18%
• Sector: Industrials
• Industry: Building Products & Equipment

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 $20 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: 45,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

140% more first-time investments, than exits

New positions opened: 206 | Existing positions closed: 86

52% more call options, than puts

Call options by funds: $198M | Put options by funds: $130M

10% more repeat investments, than reductions

Existing positions increased: 562 | Existing positions reduced: 510

6% more funds holding

Funds holding: 1,455 [Q3] → 1,544 (+89) [Q4]

4% more funds holding in top 10

Funds holding in top 10: 23 [Q3] → 24 (+1) [Q4]

2.29% more ownership

Funds ownership: 82.24% [Q3] → 84.52% (+2.29%) [Q4]

2% less capital invested

Capital invested by funds: $71.5B [Q3] → $70.3B (-$1.21B) [Q4]

Research analyst outlook

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

• Low target: $323 16% downside
• Avg. target: $407 6% upside
• High target: $475 24% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

HSBC Wesley Brooks 75% 1-year accuracy 3 / 4 met price target	8% upside $415	Buy Upgraded	25 Apr 2025
Citigroup Andrew Kaplowitz 36% 1-year accuracy 31 / 86 met price target	8% upside $415	Buy Maintained	14 Apr 2025
JP Morgan Stephen Tusa 47% 1-year accuracy 16 / 34 met price target	16% downside $323	Neutral Maintained	8 Apr 2025
Barclays Julian Mitchell 36% 1-year accuracy 46 / 128 met price target	24% upside $475	Overweight Maintained	10 Mar 2025