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 $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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $102M | Put options by funds: $67.6M
16% more repeat investments, than reductions
Existing positions increased: 589 | Existing positions reduced: 508
0.33% less ownership
Funds ownership: 84.57% [Q4 2024] → 84.24% (-0.33%) [Q1 2025]
3% less funds holding
Funds holding: 1,549 [Q4 2024] → 1,499 (-50) [Q1 2025]
4% less funds holding in top 10
Funds holding in top 10: 24 [Q4 2024] → 23 (-1) [Q1 2025]
10% less capital invested
Capital invested by funds: $70.3B [Q4 2024] → $63.6B (-$6.71B) [Q1 2025]
11% less first-time investments, than exits
New positions opened: 132 | Existing positions closed: 149
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
UBS Amit Mehrotra | 19%upside $500 | Buy Maintained | 22 May 2025 |
JP Morgan Stephen Tusa | 5%downside $400 | Neutral Maintained | 16 May 2025 |
Citigroup Andrew Kaplowitz | 6%upside $445 | Buy Maintained | 1 May 2025 |
RBC Capital Deane Dray | 3%downside $408 | Sector Perform Maintained | 1 May 2025 |
Wells Fargo Joseph O'Dea | 12%downside $370 | Underweight Maintained | 1 May 2025 |
Financial journalist opinion
Based on 6 articles about TT published over the past 30 days









