Morningstar

Trane Technologies PLC Class A TT

Morningstar Rating
Unlock
Stock XNYS Rating as of
$388.36 +1.43 (0.37%)
View Full Chart
As of Delayed Price Post-Trading: $387.74 −0.62

Company Report

View Archive

Commercial HVAC Continues to Drive Strong Growth for Trane Technologies

Brian Bernard

In early 2020, Ingersoll Rand spun off its industrial segment, which immediately merged with Gardner Denver. This new entity assumed the Ingersoll Rand name and stock ticker. Legacy Ingersoll Rand's climate segment was renamed Trane Technologies. We had long viewed legacy Ingersoll Rand's climate business as more attractive than its industrial segment because the former was consistently more profitable and less cyclical.

Read Full Report

Price vs Fair Value

View History
TT is trading at a 398% premium.
Price
$386.93
Fair Value
$284.00
Uncertainty
Medium
1-Star Price
$526.80
5-Star Price
$576.50
Economic Moat
Ppxsdg
Capital Allocation
Cqvrbhvxz

Bulls Say, Bears Say

Bulls

Trane should benefit from secular trends in global urbanization and increased demand for energy-efficient building solutions.

Bears

The residential HVAC business has benefited from a strong replacement cycle related to the last housing boom, but after surging demand during the pandemic, replacement spending has softened.

Show More

News

View All

Trading Information

Previous Close Price
$386.93
Day Range
$382.42–388.59
52-Week Range
$184.02–391.94
Bid/Ask
$375.00 / $394.34
Market Cap
$87.64 Bil
Volume/Avg
595,803 / 1.1 Mil

Key Statistics

Price/Earnings (Normalized)
37.94
Price/Sales
4.72
Dividend Yield (Trailing)
0.85%
Dividend Yield (Forward)
0.87%
Total Yield
1.98%

Company Profile

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 $18 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 70% of its revenue.
Sector
Industrials
Industry
Building Products & Equipment
Stock Style Box
Large Core
Total Number of Employees
40,000
Website
https://www.tranetechnologies.com

Competitors

Valuation

View More
Metric
TT
CARR
JCI
Price/Earnings (Normalized)
 37.9427.5021.45
Price/Book Value
 12.585.253.16
Price/Sales
 4.722.991.91
Price/Cash Flow
 31.6068.2422.46
Price/Earnings
TT
CARR
JCI

Financial Strength

Metric
TT
CARR
JCI
Quick Ratio
 0.720.600.59
Current Ratio
 1.171.080.96
Interest Coverage
 13.649.685.76
Quick Ratio
TT
CARR
JCI

Profitability

Metric
TT
CARR
JCI
Return on Assets (Normalized)
 12.52%7.71%5.49%
Return on Equity (Normalized)
 35.85%25.67%14.60%
Return on Invested Capital (Normalized)
 22.11%12.36%9.94%
Return on Assets
TT
CARR
JCI

Building Products & Equipment Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Carrier Global Corp Ordinary Shares
CARR
LzptfdtMvxqk$72.3 Bil
 Johnson Controls International PLC Registered Shares
JCI
HtrcjhyvbGwkqpmf$50.4 Bil
 Compagnie de Saint-Gobain SA
CODGF
—Gtmsdn$44.2 Bil
 Compagnie de Saint-Gobain SA ADR
CODYY
—Ffbyynt$44.2 Bil
 Daikin Industries Ltd
DKILF
—Knxnwj$40.1 Bil
 Lennox International Inc
LII
LqrzvvhsQvfrvh$21.0 Bil
 Masco Corp
MAS
GzfcgkhKjyfy$18.1 Bil
 Fortune Brands Innovations Inc
FBIN
HdsgywwjpFqxmzqr$10.9 Bil
 Louisiana-Pacific Corp
LPX
NgwgzfcyLcns$7.5 Bil

Sponsor Center