Trane Technologies plc (TT) Stock

About Trane Technologies plc

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

Trane Technologies plc is led by CEO David S. Regnery, employs 45,000 people, headquartered in Swords, US, publicly traded since 1980.

Trane Technologies plc (TT) stock trades at $446.80 with a market capitalization of $98.77B. The stock is valued at a price-to-earnings (P/E) ratio of 37.47, price-to-book of 12.52, price-to-sales of 4.70. Over the past 52 weeks the stock has ranged between $348.06 and $504.83, and currently trades 11.5% below its 52-week high. It pays a dividend yielding 0.80%.

On profitability, Trane Technologies plc generates a return on equity (ROE) of 33.94% — well above the market average, a sign of a high-quality business, return on capital employed of 46.12%, an operating margin of 18.61%, a net profit margin of 13.42%.

In its most recent fiscal year, Trane Technologies plc reported annual revenue of $21.3B, net profit of $2.9B, revenue has compounded at 11.4% a year over the last five years, profit at 27.8% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.54, a current ratio of 1.25, total assets of $21.4B, $1.8B in cash and equivalents.

TT has an average daily trading volume of 1,351,150 shares, a beta of 1.21.

Official website: www.tranetechnologies.com