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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 global leader in designing, manufacturing, and servicing innovative solutions for heating, ventilation, air conditioning, and refrigeration systems. With a rich history dating back to 1885, the company has evolved to become a one-stop-shop for a wide range of products and services that cater to diverse industries and applications.

The company's extensive product portfolio includes air conditioners, heat pumps, chillers, coils, condensers, gensets, dehumidifiers, furnaces, and home automation products, among others. These products are designed to provide energy-efficient and sustainable solutions for residential, commercial, and industrial customers. Additionally, Trane Technologies offers a range of services, including building management, energy efficiency programs, and infrastructure solutions, to help customers optimize their energy consumption and reduce their environmental footprint.

Trane Technologies also provides specialized solutions for the transportation industry, 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. The company's aftermarket and OEM parts and supplies ensure that customers have access to genuine spare parts and support throughout the product lifecycle.

In addition to its product and service offerings, Trane Technologies provides a range of value-added services, including energy and facility management, installation and performance contracting, repair and maintenance, and rental services. The company's global network of sales offices, distributors, and dealers, along with its supporting chain of distributors, ensures that customers have access to its products and services wherever they are in the world.

Trane Technologies operates under two prominent brands: Trane and Thermo King. The company's commitment to innovation, sustainability, and customer satisfaction has earned it a reputation as a trusted partner for businesses and individuals alike. With its headquarters in Swords, Ireland, Trane Technologies continues to drive growth and innovation in the heating, ventilation, air conditioning, and refrigeration industries.

Drawdown (Underwater) Chart

Overall Trend and Yearly Seasonality

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	90.3
Fundamental	71.3
Dividend	64.7
Rel. Performance vs Sector	1.66
Analysts	3.48/5
Fair Price Momentum	385.28 USD
Fair Price DCF	270.31 USD

TT Dividends

Dividend Yield 12m	0.96%
Yield on Cost 5y	3.63%
Dividends CAGR 5y	12.77%
Payout Consistency	97.4%

TT Growth Ratios

Growth 12m	68.16%
Growth Correlation 12m	85%
Growth Correlation 3m	41%
CAGR 5y	30.27%
CAGR/Mean DD 5y	3.10
Sharpe Ratio 12m	2.40
Alpha vs SP500 12m	47.19
Beta vs SP500 5y weekly	1.01
ValueRay RSI	9.76
Volatility GJR Garch 1y	32.42%
Price / SMA 50	-0.48%
Price / SMA 200	19.21%
Current Volume	1232.3k
Average Volume 20d	1498.2k

External Links for TT Stock

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What is the price of TT stocks?
As of July 27, 2024, the stock is trading at USD 329.71 with a total of 1,232,284 shares traded.
Over the past week, the price has changed by -0.13%, over one month by -0.02%, over three months by +8.55% and over the past year by +67.42%.

What are the forecast for TT stock price target?
According to ValueRays Forecast Model, TT Trane Technologies plc will be worth about 427.3 in July 2025. The stock is currently trading at 329.71. This means that the stock has a potential upside of +29.59%.

Issuer	Forecast	Upside
Wallstreet Target Price	340.2	3.19
Analysts Target Price	217.3	-34.1
ValueRay Target Price	427.3	29.6

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.