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 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
135% more first-time investments, than exits
New positions opened: 202 | Existing positions closed: 86
52% more call options, than puts
Call options by funds: $198M | Put options by funds: $130M
11% more repeat investments, than reductions
Existing positions increased: 563 | Existing positions reduced: 506
6% more funds holding
Funds holding: 1,452 [Q3] → 1,536 (+84) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 23 [Q3] → 23 (+0) [Q4]
4.32% less ownership
Funds ownership: 89.16% [Q3] → 84.85% (-4.32%) [Q4]
9% less capital invested
Capital invested by funds: $77.6B [Q3] → $70.4B (-$7.11B) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Julian Mitchell 45% 1-year accuracy 54 / 119 met price target | 33%upside $475 | Overweight Maintained | 10 Mar 2025 |
UBS Amit Mehrotra 17% 1-year accuracy 2 / 12 met price target | 31%upside $470 | Buy Maintained | 31 Jan 2025 |
JP Morgan Stephen Tusa 50% 1-year accuracy 14 / 28 met price target | 11%upside $396 | Neutral Maintained | 31 Jan 2025 |
Wells Fargo Joseph O'Dea 36% 1-year accuracy 13 / 36 met price target | 1%upside $360 | Underweight Maintained | 31 Jan 2025 |
Melius Research Scott Davis 100% 1-year accuracy 1 / 1 met price target | 11%upside $398 | Hold Downgraded | 28 Jan 2025 |
Financial journalist opinion
Based on 8 articles about TT published over the past 30 days









