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 its 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 Q2 regulatory disclosures by fund managers ($100M+ AUM)
184% more first-time investments, than exits
New positions opened: 213 | Existing positions closed: 75
95% more call options, than puts
Call options by funds: $164M | Put options by funds: $84M
32% more capital invested
Capital invested by funds: $63.9B [Q1] → $84.4B (+$20.5B) [Q2]
26% more funds holding in top 10
Funds holding in top 10: 23 [Q1] → 29 (+6) [Q2]
7% more funds holding
Funds holding: 1,512 [Q1] → 1,614 (+102) [Q2]
2.04% more ownership
Funds ownership: 84.66% [Q1] → 86.7% (+2.04%) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 577 | Existing positions reduced: 545
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
UBS Amit Mehrotra | 29%upside $544 | Buy Maintained | 5 Aug 2025 |
Barclays Julian Mitchell | 18%upside $495 | Overweight Maintained | 31 Jul 2025 |
HSBC Wesley Brooks | 9%upside $460 | Hold Downgraded | 31 Jul 2025 |
RBC Capital Deane Dray | 11%upside $467 | Sector Perform Maintained | 31 Jul 2025 |
Morgan Stanley Chris Snyder | 24%upside $520 | Overweight Maintained | 31 Jul 2025 |
Financial journalist opinion
Based on 17 articles about TT published over the past 30 days









