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: 590 | Existing positions reduced: 510
0.06% more ownership
Funds ownership: 84.57% [Q4 2024] → 84.63% (+0.06%) [Q1 2025]
3% less funds holding
Funds holding: 1,550 [Q4 2024] → 1,503 (-47) [Q1 2025]
4% less funds holding in top 10
Funds holding in top 10: 24 [Q4 2024] → 23 (-1) [Q1 2025]
9% less capital invested
Capital invested by funds: $70.3B [Q4 2024] → $63.9B (-$6.42B) [Q1 2025]
11% less first-time investments, than exits
New positions opened: 133 | Existing positions closed: 149
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Barclays Julian Mitchell | 10%upside $480 | Overweight Maintained | 9 Jul 2025 |
Goldman Sachs Joe Ritchie | 5%upside $460 | Neutral Maintained | 8 Jul 2025 |
Wells Fargo Joseph O'Dea | 6%downside $410 | Underweight Maintained | 1 Jul 2025 |
UBS Amit Mehrotra | 14%upside $500 | Buy Maintained | 22 May 2025 |
JP Morgan Stephen Tusa | 9%downside $400 | Neutral Maintained | 16 May 2025 |
Financial journalist opinion
Based on 6 articles about TT published over the past 30 days









