Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.
Financial Prowess | Trane Technologies surpasses expectations with robust Q3 earnings, prompting an upward revision of FY24 guidance and signaling sustained growth momentum |
Market Dominance | Explore Trane's strategic positioning in HVAC, leveraging datacenter demand and transport refrigeration opportunities for diversified growth |
Global Footprint | Delve into Trane's regional performance, highlighting strong Americas results while navigating challenges in the Chinese market |
Future Trajectory | Analyst targets range from $350 to $440, reflecting optimism tempered by concerns over moderating backlog growth and potential market slowdowns |
Metrics to compare | TT | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipTTPeersSector | |
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P/E Ratio | 36.0x | 24.7x | 11.9x | |
PEG Ratio | 1.33 | 0.53 | 0.03 | |
Price/Book | 11.9x | 3.8x | 1.4x | |
Price / LTM Sales | 4.6x | 2.6x | 1.2x | |
Upside (Analyst Target) | 1.8% | 13.0% | 19.8% | |
Fair Value Upside | Unlock | 6.3% | 5.5% | Unlock |