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.
Data Center Dominance | Explore Trane's strategic positioning in the booming data center market, leveraging its expertise as a primary HVAC supplier to hyperscalers |
Financial Resilience | Discover how Trane's diverse portfolio and global presence contribute to its consistent outperformance, with recent earnings surpassing expectations |
Market Challenges | Learn about Trane's proactive approach to navigating economic slowdowns in key markets like China and managing credit risks in the region |
Future Outlook | Delve into analyst projections for Trane, with price targets ranging from $390 to $398, reflecting optimism tempered by valuation concerns |
Metrics to compare | TT | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipTTPeersSector | |
---|---|---|---|---|
P/E Ratio | 30.3x | 22.3x | 11.8x | |
PEG Ratio | 1.06 | 0.82 | 0.03 | |
Price/Book | 10.5x | 3.3x | 1.4x | |
Price / LTM Sales | 4.0x | 2.3x | 1.2x | |
Upside (Analyst Target) | 19.2% | 19.4% | 24.4% | |
Fair Value Upside | Unlock | 7.0% | 7.7% | Unlock |