Trane Technologies is a global climate innovator. Through its strategic brands Trane and Thermo King, and its portfolio of environmentally responsible products and services, company brings efficient and sustainable climate solutions to buildings, homes and transportation.
Company profile
Ticker
TT
Exchange
Website
CEO
Michael Lamach
Employees
Incorporated
Location
Fiscal year end
Sector
Telkonet ...
Former names
Ingersoll-Rand plc
SEC CIK
Corporate docs
Subsidiaries
200 PARK, INC. • AIRCO LIMITED • ALDRICH PUMP LLC • ALLIANCE COMPRESSORS LLC • AMAIR LIMITED • ARCTIC COOL CHILLERS LIMITED • BEST MATIC INTERNATIONAL AB • BEST MATIC INTERNATIONAL LIMITED • BEST MATIC VERMOGENSVERWALTUNGS GMBH • CALMAC CORP. ...
TT stock data
Analyst ratings and price targets
Current price
Average target
$175.64
Low target
$126.00
High target
$200.00
Wells Fargo
Maintains
$163.00
Mizuho
Maintains
$175.00
Morgan Stanley
Maintains
$193.00
Barclays
Maintains
$193.00
UBS
Upgraded
$200.00
BMO Capital
Downgraded
$180.00
Goldman Sachs
Maintains
$168.00
RBC Capital
Maintains
$162.00
JP Morgan
Maintains
$126.00
Credit Suisse
Maintains
$187.00
Citigroup
Maintains
$185.00
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
2 Nov 22
8-K
Trane Technologies Reports Strong Third-Quarter 2022 Operating Results; Raises Full-Year Revenue and EPS Guidance
2 Nov 22
8-K
Departure of Directors or Certain Officers
14 Oct 22
8-K
Departure of Directors or Certain Officers
14 Oct 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
8-K
Trane Technologies Reports Record Second-Quarter 2022 Results; Raises Full-Year Revenue and EPS Guidance
3 Aug 22
8-K
Departure of Directors or Certain Officers
20 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
SD
Conflict minerals disclosure
31 May 22
10-Q
2022 Q1
Quarterly report
4 May 22
Transcripts
TT
Earnings call transcript
2022 Q3
2 Nov 22
TT
Earnings call transcript
2022 Q2
3 Aug 22
TT
Earnings call transcript
2022 Q1
4 May 22
TT
Earnings call transcript
2021 Q4
31 Jan 22
TT
Earnings call transcript
2021 Q3
3 Nov 21
TT
Earnings call transcript
2021 Q2
4 Aug 21
TT
Earnings call transcript
2021 Q1
6 May 21
TT
Earnings call transcript
2020 Q4
5 Feb 21
TT
Earnings call transcript
2020 Q3
3 Nov 20
TT
Earnings call transcript
2020 Q3
28 Oct 20
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Institutional ownership, Q3 2022
76.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 867 |
| Opened positions | 90 |
| Closed positions | 79 |
| Increased positions | 293 |
| Reduced positions | 294 |
| 13F shares | Current |
|---|---|
| Total value | 25.66 bn |
| Total shares | 177.12 mm |
| Total puts | 71.80 k |
| Total calls | 166.37 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| JPM JPMorgan Chase & Co. | 19.05 mm | $2.76 bn |
| BLK Blackrock | 18.64 mm | $2.70 bn |
| Vanguard | 18.49 mm | $2.68 bn |
| AMP Ameriprise Financial | 6.90 mm | $1.00 bn |
| Generation Investment Management | 5.74 mm | $831.01 mm |
| Wellington Management | 5.40 mm | $782.32 mm |
| BK Bank Of New York Mellon | 5.37 mm | $777.06 mm |
| Massachusetts Financial Services | 5.24 mm | $758.91 mm |
| Geode Capital Management | 4.57 mm | $660.98 mm |
| FMR | 3.93 mm | $568.77 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Jan 23 | Raymond D Pittard | Ordinary Shares | Sell | Dispose S | No | Yes | 170.418 | 23,003 | 3.92 mm | 87,717.892 |
| 3 Jan 23 | Raymond D Pittard | Ordinary Shares | Option exercise | Acquire M | No | No | 105.28 | 7,190 | 756.96 k | 110,720.892 |
| 3 Jan 23 | Raymond D Pittard | Ordinary Shares | Option exercise | Acquire M | No | No | 94.91 | 15,813 | 1.50 mm | 103,530.892 |
| 3 Jan 23 | Raymond D Pittard | Stock Option Ordinary Shares | Option exercise | Dispose M | No | No | 105.28 | 7,190 | 756.96 k | 3,595 |
| 3 Jan 23 | Raymond D Pittard | Stock Option Ordinary Shares | Option exercise | Dispose M | No | No | 94.91 | 15,813 | 1.50 mm | 0 |
| 3 Jan 23 | Regnery David S | Ordinary Shares | Payment of exercise | Dispose F | No | No | 171.53 | 20.682 | 3.55 k | 95,732.326 |
| 2 Jan 23 | Mairead Magner | Ordinary Shares | Payment of exercise | Dispose F | No | No | 168.09 | 704 | 118.34 k | 10,375 |
| 25 Nov 22 | Evan M Turtz | Ordinary Shares | Gift | Dispose G | No | No | 0 | 167 | 0.00 | 18,243.962 |
News
Wells Fargo Maintains Underweight on Trane Technologies, Raises Price Target to $163
19 Jan 23
Mizuho Maintains Neutral on Trane Technologies, Raises Price Target to $175
13 Jan 23
Morgan Stanley Maintains Overweight on Trane Technologies, Raises Price Target to $193
6 Jan 23
Wells Fargo Maintains Underweight on Trane Technologies, Raises Price Target to $160
5 Jan 23
Barclays Maintains Overweight on Trane Technologies, Raises Price Target to $193
5 Jan 23
Press releases
Trane Technologies Schedules Fourth Quarter 2022 Earnings Conference Call
12 Jan 23
Trane Technologies Listed in Top 20, Ranks First in Industry of JUST 100
10 Jan 23
Trane Technologies Showcases Industry-Leading Residential Heating and Cooling Connectivity at Consumer Electronics Show
5 Jan 23
Trane Technologies Named to Climate Disclosure Project (CDP) Annual 'A List'
13 Dec 22
Trane Technologies Named to S&P Dow Jones Sustainability World Index and North America Index
12 Dec 22