Climate Tech Leade | Trane Technologies dominates the HVAC industry with innovative solutions for commercial and residential sectors, showcasing resilience in a dynamic market |
Financial Prowess | Explore Trane's impressive Q2 FY2024 results, surpassing expectations with adjusted EPS of $3.30 and robust organic revenue growth of 13% |
Growth Catalysts | Delve into Trane's strategic positioning in the booming datacenter market and its focus on sustainability-driven climate control solutions |
Future Trajectory | Analyst projections paint an optimistic picture, with EPS estimates of $10.90 for FY1 and $12.68 for FY2, and price targets ranging from $350 to $394 |
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.
Metrics to compare | TT | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipTTPeersSector | |
---|---|---|---|---|
P/E Ratio | 38.4x | 23.2x | 12.0x | |
PEG Ratio | 1.56 | 0.36 | 0.03 | |
Price/Book | 13.0x | 3.8x | 1.4x | |
Price / LTM Sales | 4.8x | 2.8x | 1.2x | |
Upside (Analyst Target) | −6.2% | −2.2% | 21.2% | |
Fair Value Upside | Unlock | 1.6% | 7.3% | Unlock |