TT - Trane Technologies plc - Stock & Dividends

Exchange: USA Stocks • Country: Ireland • Currency: USD • Type: Common Stock • ISIN: IE00BK9ZQ967

Heating, Ventilation, Air Conditioning, Refrigeration, Controls, Filtration, Pumps

Trane Technologies plc is a leading global company that designs, manufactures, sells, and services a wide range of innovative solutions for heating, ventilation, air conditioning, and refrigeration. From air conditioners and heat pumps to chillers and dehumidifiers, the company offers a comprehensive portfolio of products that cater to various industries and applications.

With a strong presence in Ireland and internationally, Trane Technologies plc provides a diverse range of products, including air sourced heat pumps, auxiliary power units, coils and condensers, gensets, furnaces, home automation products, humidifiers, and indoor air quality assessments, among others. The company's product offerings also extend to transport refrigeration solutions, including bus, rail, and multi-pipe heating, ventilation, and air conditioning systems, as well as container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems.

In addition to its product offerings, Trane Technologies plc provides a range of services, including building management, telematic, control, energy efficiency, and infrastructure programs. The company also offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services to its customers. With a strong network of sales offices, distributors, and dealers, Trane Technologies plc markets and sells its products under the Trane and Thermo King brands.

With a rich history dating back to 1885, Trane Technologies plc has evolved over the years, and in March 2020, the company changed its name from Ingersoll-Rand Plc to Trane Technologies plc. Headquartered in Swords, Ireland, the company continues to innovate and provide sustainable solutions that improve the quality of life for people around the world. To learn more about Trane Technologies plc, visit their website at https://www.tranetechnologies.com.

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for TT - Trane Technologies plc  - Stock & Dividends

Overall Trend and Yearly Seasonality

Drawdown / Underwater Chart for TT - Trane Technologies plc  - Stock & Dividends

TT Stock Overview

Market Cap in USD 74,988m
Sector Industrials
Industry Building Products & Equipment
GiC SubIndustry Building Products
TER 0.00%
IPO / Inception 1985-07-01

TT Stock Ratings

Growth 5y 89.8
Fundamental 71.3
Dividend 58.16
Rel. Performance vs Sector 2.48
Analysts 3.48/5
Fair Price Momentum 405.84 USD
Fair Price DCF 270.31 USD

TT Dividends

Dividend Yield 12m 0.92%
Yield on Cost 5y 3.49%
Dividends CAGR 5y 12.77%
Payout Consistency 97.4%

TT Growth Ratios

Growth 12m 77.36%
Growth Correlation 12m 86%
Growth Correlation 3m 57%
CAGR 5y 30.32%
CAGR/Mean DD 5y 3.09
Sharpe Ratio 12m 2.85
Alpha vs SP500 12m 50.81
Beta vs SP500 5y weekly 1.01
ValueRay RSI 67.37
Volatility GJR Garch 1y 25.60%
Price / SMA 50 4.45%
Price / SMA 200 27.44%
Current Volume 1135.1k
Average Volume 20d 1419.2k

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What is the price of TT stocks?
As of July 14, 2024, the stock is trading at USD 343.81 with a total of 1,135,070 shares traded.
Over the past week, the price has changed by +3.66%, over one month by +3.52%, over three months by +16.08% and over the past year by +75.10%.
What are the forecast for TT stock price target?
According to ValueRays Forecast Model, TT Trane Technologies plc will be worth about 450 in July 2025. The stock is currently trading at 343.81. This means that the stock has a potential upside of +30.9%.
Issuer Forecast Upside
Wallstreet Target Price 340.2 -1.04
Analysts Target Price 217.3 -36.8
ValueRay Target Price 450 30.9

Trane Technologies: Pioneering HVAC Solutions and Beyond

History of Innovation

Trane Technologies plc, known for its leadership in climate control solutions, embarked on its journey over a century ago. What commenced as a family business has escalated into a global enterprise, distinguished by its commitment to innovation, sustainability, and efficiency in the heating, ventilation, and air conditioning (HVAC) industry.

Core Business and Expansion into Side Ventures

At its core, Trane Technologies specializes in designing, manufacturing, and servicing a broad spectrum of HVAC products and systems, catering to both residential and commercial markets. The brand is synonymous with quality and reliability, offering energy-efficient solutions that have garnered trust worldwide. However, Trane Technologies’ ambitions do not stop at HVAC. The company has progressively branched out, leveraging its expertise to venture into adjacent markets, including building management systems and energy services, illustrating a dynamic approach to growth and innovation.

Current Market Presence

Today, Trane Technologies stands as a formidable entity on the NYSE (New York Stock Exchange) under the ticker symbol TT, showcasing resilient performance amid fluctuating market conditions. The company's dedication to sustainability and energy efficiency continues to resonate strongly with stakeholders, positioning Trane Technologies as a leader in the global push for climate action. With a robust portfolio and an unwavering focus on advancing industry standards, Trane Technologies is not only navigating the present but is also shaping the future of environmental stewardship through its business practices.