Market Summary
USD201.24-1.87
Market Closed-0.92%
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Price Action
52 Week Range
139.07211.58
(Low)(High)
Last 7 days
-2.9%
Last 30 days
1.4%
Last 90 days
8.9%
Trailing 12 Months
30.1%
TT Financial Health
TT Investor Care
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Net sales
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Latest Insider Trading transactions for TT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-05 | Magner Mairead | acquired | 275,069 | 62.53 | 4,399 | senior vice president |
2023-09-05 | Magner Mairead | sold | -883,749 | 200 | -4,399 | senior vice president |
2023-08-08 | HUDSON LINDA P | sold | -634,570 | 204 | -3,100 | - |
2023-08-08 | Turtz Evan M | acquired | 465,496 | 76.2109 | 6,108 | senior vice president |
2023-08-08 | Turtz Evan M | sold | -1,253,440 | 205 | -6,108 | senior vice president |
2023-08-01 | Camuti Paul A | sold | -1,005,000 | 201 | -5,000 | executive vice president |
2023-08-01 | Camuti Paul A | acquired | 312,650 | 62.53 | 5,000 | executive vice president |
2023-07-17 | SULTANA KEITH A | sold | -784,872 | 198 | -3,964 | senior vice president |
2023-07-17 | SULTANA KEITH A | acquired | 590,557 | 148 | 3,964 | senior vice president |
2023-07-12 | Camuti Paul A | sold | -980,000 | 196 | -5,000 | executive vice president |
Which funds bought or sold TT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 0.77 | 9,138 | 201,397 | 0.04% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 473 | 12,432 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 742,089 | 742,089 | 0.04% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 22.00 | 574 | -% |
2023-08-29 | Garde Capital, Inc. | unchanged | - | 6,000 | 160,000 | 0.01% |
2023-08-23 | HEADINVEST, LLC | reduced | -1.45 | 33,684 | 415,259 | 0.09% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 932 | 24,481 | -% |
2023-08-23 | Rehmann Capital Advisory Group | new | - | 205,257 | 205,257 | 0.02% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -67,000 | - | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -4.09 | -12,000 | 3,962,000 | 0.04% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
TT Alerts
Schedule 13G FIlings of Trane Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.07% | 18,594,004 | SC 13G/A | |
| Feb 08, 2023 | blackrock inc. | 8.5% | 19,614,853 | SC 13G/A | |
| Jan 27, 2023 | jpmorgan chase & co | 8.0% | 18,472,563 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 7.60% | 18,055,927 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.3% | 19,659,375 | SC 13G/A | |
| Jan 28, 2022 | jpmorgan chase & co | 7.4% | 17,652,938 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 7.42% | 17,814,249 | SC 13G | |
| Feb 01, 2021 | blackrock inc. | 7.5% | 17,933,014 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 7.52% | 17,974,014 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 7.1% | 16,979,000 | SC 13G/A |
Recent SEC filings of Trane Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 09, 2023 | 4 | Insider Trading | |
| Aug 09, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 08, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Aug 02, 2023 | 8-K | Current Report | |
| Aug 01, 2023 | 144 | Notice of Insider Sale Intent |
TT Fair Value
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Peers (Alternatives to Trane Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
TT | 46.0B | 16.8B | 1.42% | 30.05% | 24.4 | 2.73 | 13.35% | 25.94% |
CARR | 45.0B | 21.8B | 0.49% | 42.95% | 20.18 | 2.06 | 7.29% | -19.96% |
BLDR | 15.9B | 18.5B | -4.22% | 125.82% | 8.54 | 0.86 | -18.55% | -30.63% |
| MID-CAP | ||||||||
AAON | 5.0B | 1.0B | -1.21% | 60.41% | 33.54 | 4.77 | 57.12% | 166.92% |
LII | 13.3B | 4.8B | 7.35% | 58.74% | 24.04 | 2.76 | 8.97% | 17.17% |
WMS | 8.0B | 2.9B | -6.76% | -12.91% | 16.27 | 2.74 | -2.63% | 29.05% |
FBHS | 7.7B | 4.5B | -5.00% | -39.38% | 11.25 | 1.64 | -7.22% | -33.29% |
TREX | 7.0B | 975.8M | -5.04% | 37.80% | 49.13 | 7.18 | -28.53% | -44.91% |
UFPI | 6.3B | 8.1B | 1.60% | 38.07% | 10.91 | 0.78 | -14.71% | -11.52% |
CSWI | 2.8B | 761.3M | -1.86% | 41.28% | 28.33 | 3.63 | 14.47% | 29.51% |
| SMALL-CAP | ||||||||
NX | 916.4M | 1.1B | 7.42% | 38.97% | 11.49 | 0.8 | -5.23% | -5.65% |
IIIN | 626.0M | 699.7M | 4.39% | 17.91% | 12.25 | 0.89 | -11.45% | -59.40% |
APT | 50.1M | 56.9M | -6.01% | 5.24% | 18.12 | 0.88 | -9.32% | -22.79% |
Trane Tech News
Returns for TT
Cumulative Returns on TT
19.3%
10-Year Cumulative Returns
23.6%
7-Year Cumulative Returns
21.6%
5-Year Cumulative Returns
18.7%
3-Year Cumulative Returns
Risks for TT
What is the probability of a big loss on TT?
42.7%
Probability that Trane Tech stock will be more than 20% underwater in next one year
33.9%
Probability that Trane Tech stock will be more than 30% underwater in next one year.
9.6%
Probability that Trane Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Trane Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Trane Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.2% | 16,816 | 16,302 | 15,992 | 15,487 | 14,835 | 14,474 | 14,136 | 13,746 | 13,522 | 12,831 | 12,455 | 12,459 | 12,435 | 12,914 | 13,076 | 10,463 | 11,023 | 11,763 | 12,344 | 24,703 | 21,161 |
| S&GA Expenses | 3.3% | 2,718 | 2,632 | 2,546 | 2,513 | 2,440 | 2,447 | 2,446 | 2,400 | 2,347 | 2,283 | 2,271 | 2,297 | 2,297 | 2,330 | 2,320 | 1,783 | 1,941 | 2,106 | 2,249 | 2,889 | 2,838 |
| EBITDA | -100.0% | - | 2,782 | 2,719 | 2,585 | 2,429 | 2,367 | 2,324 | 2,252 | 2,240 | 2,011 | 1,831 | 1,522 | 1,573 | 1,717 | 1,931 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.17* | 0.17* | 0.17* | 0.16* | 0.16* | 0.16* | 0.16* | 0.17* | 0.16* | 0.15* | 0.11* | 0.11* | 0.12* | 0.12* | - | - | - | - | - | - |
| Interest Expenses | 2.5% | 231 | 225 | 224 | 224 | 226 | 229 | 234 | 240 | 244 | 246 | 249 | 250 | 252 | 255 | 243 | 229 | 213 | 199 | 221 | 226 | 231 |
| Earnings Before Taxes | 5.1% | 2,344 | 2,230 | 2,172 | 2,044 | 1,898 | 1,837 | 1,791 | 1,719 | 1,700 | 1,470 | 1,288 | 1,226 | 1,193 | 1,335 | 1,399 | 1,114 | 1,177 | 1,259 | 1,258 | 1,608 | 1,523 |
| EBT Margin | -100.0% | - | 0.14* | 0.14* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.11* | 0.10* | 0.07* | 0.07* | 0.08* | 0.08* | - | - | - | - | - | - |
| Net Income | 4.3% | 1,884 | 1,807 | 1,757 | 1,638 | 1,496 | 1,456 | 1,423 | 1,357 | 1,352 | 1,125 | 855 | 913 | 971 | 1,189 | 1,411 | 1,377 | 1,433 | 1,425 | 1,338 | 1,552 | 1,404 |
| Net Income Margin | -100.0% | - | 0.11* | 0.11* | 0.11* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.09* | 0.07* | 0.07* | 0.07* | 0.08* | 0.09* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,427 | - | 900 | 821 | 937 | 1,426 | 1,626 | 2,165 | 1,892 | 1,316 | 1,556 | 1,284 | 1,506 | 1,554 | 1,198 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 5.6% | 18,907 | 17,897 | 18,082 | 17,740 | 17,681 | 17,637 | 18,060 | 18,202 | 18,369 | 17,825 | 18,157 | 17,939 | 17,224 | 17,636 | 20,492 | 20,307 | 20,668 | 19,781 | 17,915 | 18,305 | 18,378 |
| Current Assets | 9.9% | 6,675 | 6,075 | 6,379 | 6,299 | 6,125 | 6,031 | 6,471 | 6,991 | 7,125 | 6,622 | 6,906 | 6,974 | 6,345 | 6,560 | 9,294 | 6,103 | 6,352 | 7,085 | 5,732 | 6,083 | 6,162 |
| Cash Equivalents | - | - | - | 1,221 | - | - | - | 2,159 | 2,739 | 2,912 | 2,838 | 3,290 | 3,190 | 2,367 | 2,648 | 1,279 | 806 | 851 | 1,882 | 878 | 1,023 | 970 |
| Inventory | 0.5% | 2,356 | 2,344 | 1,994 | 1,949 | 1,887 | 1,872 | 1,531 | 1,483 | 1,386 | 1,373 | 1,189 | 1,229 | 1,353 | 1,464 | 1,279 | 1,891 | 1,951 | 1,984 | 1,678 | 1,821 | 1,733 |
| Net PPE | 4.6% | 1,655 | 1,582 | 1,536 | 1,432 | 1,426 | 1,422 | 1,399 | 1,337 | 1,325 | 1,328 | 1,350 | 1,314 | 1,315 | 1,326 | 1,352 | 1,779 | 1,794 | 1,738 | 1,731 | 1,673 | 1,647 |
| Goodwill | 4.1% | 5,748 | 5,523 | 5,504 | 5,370 | 5,457 | 43.00 | 5,505 | 204 | 5,334 | 5,311 | 5,343 | 5,144 | 5,091 | 5,082 | 5,126 | 6,713 | 6,860 | 5,969 | 5,099 | 5,989 | 6,001 |
| Liabilities | 6.6% | 12,629 | 11,843 | 11,976 | 11,871 | 11,942 | 11,620 | 11,787 | 11,715 | 11,897 | 11,512 | 11,730 | 11,558 | 11,264 | 11,846 | 13,180 | 13,028 | 13,495 | 12,858 | 10,850 | 10,961 | 11,554 |
| Current Liabilities | 15.8% | 5,593 | 4,831 | 5,687 | 5,546 | 5,630 | 4,594 | 4,752 | 4,314 | 4,513 | 4,175 | 4,339 | 4,170 | 3,829 | 4,241 | 5,239 | 4,776 | 5,180 | 4,489 | 4,316 | 4,324 | 4,753 |
| LT Debt, Non Current | -0.1% | 4,477 | 4,482 | 3,788 | 3,788 | 3,787 | 4,493 | 4,492 | 4,491 | 4,490 | 4,496 | 4,497 | 4,494 | 4,618 | 4,625 | 4,923 | 4,922 | 4,921 | 5,227 | 3,741 | 3,740 | 3,739 |
| Shareholder's Equity | 3.4% | 6,259 | 6,054 | 6,089 | 5,858 | 5,739 | 6,017 | 6,273 | 6,488 | 6,333 | 6,313 | 6,427 | 6,381 | 5,832 | 5,790 | 7,312 | 7,279 | 7,173 | 6,923 | 7,065 | 7,343 | 6,824 |
| Retained Earnings | 3.0% | 8,445 | 8,202 | 8,321 | 8,320 | 8,004 | 8,099 | 8,353 | 8,627 | 8,566 | 8,452 | 8,495 | 8,489 | 8,222 | 8,128 | 9,731 | 9,763 | 9,497 | 9,298 | 9,440 | 9,625 | 9,110 |
| Additional Paid-In Capital | - | 23.00 | - | - | - | 12.00 | - | - | 15.00 | - | - | - | 93.00 | 47.00 | 26.00 | - | - | 26.00 | - | - | 52.00 | 31.00 |
| Shares Outstanding | -0.3% | 229 | 229 | - | 232 | 234 | 235 | - | 238 | 240 | 239 | - | 240 | 240 | 240 | - | 242 | 242 | 243 | - | 246 | 248 |
| Minority Interest | 1.1% | 18.00 | 18.00 | 17.00 | 10.00 | 16.00 | 18.00 | 17.00 | 13.00 | 15.00 | 16.00 | 19.00 | 14.00 | 23.00 | 17.00 | 45.00 | 42.00 | 42.00 | 37.00 | 42.00 | 35.00 | 37.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 6.0% | 1,803 | 1,701 | 1,504 | 1,171 | 1,071 | 1,140 | 1,588 | 1,788 | 2,308 | 2,023 | 1,435 | 1,675 | 1,403 | 1,645 | 1,920 | 1,564 | 1,424 | 1,421 | 1,408 | 1,548 | 1,496 |
| Share Based Compensation | 3.7% | 62.00 | 59.00 | 56.00 | 60.00 | 62.00 | 63.00 | 67.00 | 64.00 | 64.00 | 65.00 | 70.00 | 70.00 | 71.00 | 66.00 | 66.00 | 73.00 | 82.00 | 119 | 79.00 | - | - |
| Cashflow From Investing | -69.4% | -928 | -548 | -540 | -662 | -642 | -515 | -545 | -446 | -429 | -449 | -376 | -204 | -301 | -1,744 | -1,780 | -1,822 | -1,771 | -448 | -629 | -688 | -700 |
| Cashflow From Financing | 27.6% | -1,287 | -1,776 | -1,852 | -2,075 | -2,191 | -2,107 | -2,127 | -1,811 | -1,387 | -1,440 | 884 | 887 | 446 | 910 | 271 | 105 | 272 | -152 | -1,378 | -1,078 | -1,157 |
| Dividend Payments | 2.5% | 651 | 635 | 620 | 606 | 590 | 577 | 561 | 549 | 536 | 522 | 507 | 507 | 504 | 508 | 510 | 511 | 517 | 496 | 480 | 463 | 447 |
| Buy Backs | -26.1% | 850 | 1,150 | 1,200 | 1,400 | 1,396 | 1,346 | 1,100 | 850 | 604 | 354 | 250 | 250 | 500 | 500 | 750 | 886 | 650 | 900 | 900 | 620 | 942 |
TT Income Statement
2023-06-30Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net revenues | $ 4,704.7 | $ 4,190.4 | $ 8,370.6 | $ 7,545.9 |
| Cost of goods sold | (3,120.3) | (2,867.0) | (5,642.7) | (5,233.5) |
| Selling and administrative expenses | (699.0) | (612.8) | (1,385.7) | (1,213.6) |
| Operating income | 885.4 | 710.6 | 1,342.2 | 1,098.8 |
| Interest expense | (61.6) | (55.9) | (119.2) | (111.9) |
| Other income/(expense), net | (57.4) | (1.6) | (66.8) | (2.3) |
| Earnings before income taxes | 766.4 | 653.1 | 1,156.2 | 984.6 |
| Provision for income taxes | (169.6) | (136.6) | (242.8) | (197.7) |
| Earnings from continuing operations | 596.8 | 516.5 | 913.4 | 786.9 |
| Discontinued operations, net of tax | (6.1) | (1.6) | (11.6) | (8.6) |
| Net earnings | 590.7 | 514.9 | 901.8 | 778.3 |
| Less: Net earnings from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest | (4.5) | (5.6) | (8.5) | (8.8) |
| Net earnings attributable to Trane Technologies plc | 586.2 | 509.3 | 893.3 | 769.5 |
| Amounts attributable to Trane Technologies plc ordinary shareholders: | ||||
| Continuing operations | 592.3 | 510.9 | 904.9 | 778.1 |
| Discontinued operations | (6.1) | (1.6) | (11.6) | (8.6) |
| Net earnings attributable to Trane Technologies plc | $ 586.2 | $ 509.3 | $ 893.3 | $ 769.5 |
| Basic: | ||||
| Continuing operations | $ 2.59 | $ 2.19 | $ 3.95 | $ 3.32 |
| Discontinued operations | (0.02) | (0.01) | (0.05) | (0.03) |
| Net earnings | 2.57 | 2.18 | 3.90 | 3.29 |
| Diluted: | ||||
| Continuing operations | 2.57 | 2.17 | 3.92 | 3.29 |
| Discontinued operations | (0.02) | (0.01) | (0.05) | (0.03) |
| Net earnings | $ 2.55 | $ 2.16 | $ 3.87 | $ 3.26 |
| Weighted-average shares outstanding | ||||
| Basic | 228.5 | 233.8 | 228.9 | 234.2 |
| Diluted | 230.3 | 235.7 | 230.9 | 236.4 |
TT Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $ 663.6 | $ 1,220.5 |
| Accounts and notes receivable, net | 3,199.8 | 2,780.1 |
| Inventories | 2,355.8 | 1,993.8 |
| Other current assets | 455.8 | 384.8 |
| Total current assets | 6,675.0 | 6,379.2 |
| Property, plant and equipment, net | 1,654.7 | 1,536.1 |
| Goodwill | 5,747.5 | 5,503.7 |
| Intangible assets, net | 3,388.9 | 3,264.0 |
| Other noncurrent assets | 1,440.4 | 1,398.6 |
| Total assets | 18,906.5 | 18,081.6 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | 2,176.9 | 2,091.6 |
| Accrued compensation and benefits | 423.8 | 541.2 |
| Accrued expenses and other current liabilities | 2,442.3 | 2,006.0 |
| Short-term borrowings and current maturities of long-term debt | 550.2 | 1,048.0 |
| Total current liabilities | 5,593.2 | 5,686.8 |
| Long-term debt | 4,476.6 | 3,788.3 |
| Postemployment and other benefit liabilities | 680.4 | 667.0 |
| Deferred and noncurrent income taxes | 693.6 | 680.1 |
| Other noncurrent liabilities | 1,185.5 | 1,154.2 |
| Total liabilities | 12,629.3 | 11,976.4 |
| Equity: | ||
| Ordinary shares | 252.8 | 253.3 |
| Treasury Stock, Value | (1,719.4) | (1,719.4) |
| Capital in excess of par value | 23.4 | 0.0 |
| Retained earnings | 8,445.4 | 8,320.9 |
| Accumulated other comprehensive income (loss) | (743.4) | (766.2) |
| Total Trane Technologies plc shareholders’ equity | 6,258.8 | 6,088.6 |
| Noncontrolling interests | 18.4 | 16.6 |
| Total equity | 6,277.2 | 6,105.2 |
| Total liabilities and equity | $ 18,906.5 | $ 18,081.6 |
Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration 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 in the United States; and through sales and service companies with a supporting chain of distributors worldwide. 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.