Trane Technologies (TT)

• Market cap: $88.9B
• 1 day: -0.73%
• 5 days: -3.51%
• 1 month: -6.85%
• 3 months: -6.35%
• 6 months: 13.84%
• Year to date: 6.87%
• 1 year: 8.3%
• 5 years: 227.45%
• 10 years: 599.68%
• 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 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)

186% more first-time investments, than exits

New positions opened: 217 | Existing positions closed: 76

113% more call options, than puts

Call options by funds: $220M | Put options by funds: $103M

32% more capital invested

Capital invested by funds: $64.1B [Q1] → $84.9B (+$20.7B) [Q2]

21% more funds holding in top 10

Funds holding in top 10: 24 [Q1] → 29 (+5) [Q2]

8% more funds holding

Funds holding: 1,514 [Q1] → 1,628 (+114) [Q2]

2.22% more ownership

Funds ownership: 84.98% [Q1] → 87.2% (+2.22%) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 585 | Existing positions reduced: 547

Research analyst outlook

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

• Low target: $410
• Avg. target: $478
• High target: $544

9 analyst ratings

• positive: 4 44%
• neutral: 4 44%
• negative: 1 11%

Barclays Julian Mitchell	$485	Overweight Maintained	16 Sep 2025
UBS Amit Mehrotra	$544	Buy Maintained	5 Aug 2025
HSBC Wesley Brooks	$460	Hold Downgraded	31 Jul 2025
RBC Capital Deane Dray	$467	Sector Perform Maintained	31 Jul 2025
Morgan Stanley Chris Snyder	$520	Overweight Maintained	31 Jul 2025