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Trane Technologies plc Stock Research

TT

181.17USD+2.59(+1.45%)Market Closed

Market Summary

USD181.17+2.59
Market Closed
1.45%

TT Alerts

TT Stock Price

TT RSI Chart

TT Valuation

Market Cap

42.0B

Price/Earnings (Trailing)

23.92

Price/Sales (Trailing)

2.63

EV/EBITDA

15

Price/Free Cashflow

34.06

TT Price/Sales (Trailing)

TT Profitability

EBT Margin

13.58%

Return on Equity

28.85%

Return on Assets

9.71%

Free Cashflow Yield

2.94%

TT Fundamentals

TT Revenue

Revenue (TTM)

16.0B

Revenue Y/Y

14.13%

Revenue Q/Q

-6.82%

TT Earnings

Earnings (TTM)

1.8B

Earnings Y/Y

38.17%

Earnings Q/Q

-19.86%

Price Action

52 Week Range

120.64196.22
(Low)(High)

Last 7 days

-6.7%

Last 30 days

-4.3%

Last 90 days

4.5%

Trailing 12 Months

17.3%

TT Financial Health

Current Ratio

1.12

TT Investor Care

Dividend Yield

1.48%

Dividend/Share (TTM)

2.68

Buy Backs (1Y)

2.64%

Diluted EPS (TTM)

7.48

Peers (Alternatives to Trane Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
TT
42.0B
16.0B
 -4.32% 17.26%
23.92
2.63
 13.12% 23.40%
CARR
37.1B
20.4B
 -4.69% -3.02%
10.36
1.82
 -0.93% 110.70%
BLDR
11.4B
22.7B
 -2.68% 8.41%
4.16
0.5
 14.24% 59.35%
MID-CAP
LII
8.7B
4.7B
 -8.96% -9.10%
17.47
1.84
 12.50% 7.13%
FBHS
7.7B
4.7B
 -5.00% -39.38%
11.25
1.64
 -1.63% -11.10%
WMS
5.8B
3.1B
 -13.98% -32.00%
12.43
1.85
 23.54% 90.99%
TREX
5.2B
1.1B
 -14.86% -33.62%
28.21
4.71
 -7.60% -11.55%
AAON
4.9B
888.8M
 13.51% 62.93%
48.84
5.52
 66.28% 70.83%
UFPI
4.9B
9.6B
 -19.19% -8.55%
7.02
0.51
 11.47% 29.73%
CSWI
2.1B
735.5M
 -5.93% 12.47%
23.82
2.84
 25.40% 50.53%
SMALL-CAP
NX
662.9M
1.2B
 -26.75% -13.78%
7.5
0.54
 13.93% 55.03%
IIIN
537.1M
815.3M
 -10.08% -28.13%
4.75
0.66
 25.53% 38.49%
APT
50.4M
63.0M
 -8.58% -
15.19
0.8
 -25.47% -75.19%
AFI
-
-
 -78.97% -94.34%
-
-
 - -

Financials for Trane Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.3%15,99215,48714,83514,47414,136
  S&GA Expenses1.3%2,5462,5132,4402,4472,446
EBITDA5.2%2,7192,5852,4292,367-
EBITDA Margin1.9%0.17*0.17*0.16*0.16*-
Earnings Before Taxes6.3%2,1722,0441,8981,8371,791
EBT Margin2.9%0.14*0.13*0.13*0.13*-
Interest Expenses-0.1%224224226229234
Net Income6.8%1,7571,6441,5021,4561,423
Net Income Margin3.5%0.11*0.11*0.10*0.10*-
Free Cahsflow37.0%1,234900821937-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.9%18,08217,74017,68117,63718,060
  Current Assets1.3%6,3796,2996,1256,0316,471
    Cash Equivalents-43.5%1,2212,159---
  Inventory2.3%1,9941,9491,8871,8721,531
  Net PPE7.3%1,5361,4321,4261,4221,399
  Goodwill2.5%5,5045,3705,45743.005,505
Liabilities0.9%11,97611,87111,94211,62011,787
  Current Liabilities2.5%5,6875,5465,6304,5944,752
    LT Debt, Non Current0.0%3,7883,7883,7874,4934,492
Shareholder's Equity3.9%6,0895,8585,7396,0176,256
  Retained Earnings0.0%8,3218,3208,0048,0998,353
  Additional Paid-In Capital-100.0%-12.00---
Shares Outstanding-0.8%232234235--
Minority Interest64.4%17.0010.0016.0018.0017.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations28.5%1,5041,1711,0711,1401,588
  Share Based Compensation-6.6%56.0060.0062.0063.0067.00
Cashflow From Investing18.5%-540-662-642-515-545
Cashflow From Financing10.8%-1,852-2,075-2,191-2,107-2,127
  Dividend Payments2.3%620606590577561
  Buy Backs-14.3%1,2001,4001,3961,3461,100

Risks for TT

What is the probability of a big loss on TT?

42.3%

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

Returns for TT

Cumulative Returns on TT

20.0%

10-Year Cumulative Returns

23.4%

7-Year Cumulative Returns

22.6%

5-Year Cumulative Returns

21.2%

3-Year Cumulative Returns

What are the long-term rolling returns for TT?

FIve years rolling returns for Trane Tech.

Annualized Returns

Which funds bought or sold TT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
10.04
123,681
571,681
 0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.9
1,887,110
14,440,100
 0.02%
2023-03-06
Rockefeller Capital Management L.P.
added
0.25
403,000
2,866,000
 0.01%
2023-03-03
TIAA, FSB
reduced
-2.55
132,844
1,142,840
 -%
2023-02-28
CYPRESS ASSET MANAGEMENT INC/TX
unchanged
-
74,207
536,207
 0.20%
2023-02-28
Voya Investment Management LLC
added
2.8
3,936,750
24,298,800
 0.03%
2023-02-28
Trust Investment Advisors
reduced
-2.35
167,765
1,428,760
 1.35%
2023-02-27
ST GERMAIN D J CO INC
reduced
-9.35
-555,348
652
 -%
2023-02-24
SRS Capital Advisors, Inc.
added
2.47
10,800
69,800
 0.01%
2023-02-24
Garde Capital, Inc.
unchanged
-
19,000
140,000
 0.02%

1–10 of 47

Latest Funds Activity

Are funds buying TT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TT
No. of Funds

TT Alerts

Trane Tech News

Best Stocks

Ascent Group LLC increases its stake in Trane Technologies plc ....

Best Stocks,
3 days ago

Best Stocks

Nelson Capital Management LLC sells 771 Trane Technologies plc ....

Best Stocks,
58 days ago

Schedule 13G FIlings of Trane Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

TT Fair Value

Trane Tech fair value in different scenarios

The table shows the Fair Value estimates for Trane Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

58.32

-67.81%

91.54

-49.47%

164.30

-9.31%

328.98

81.59%

565.83

212.32%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Trane Tech Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Trane Tech

View All Filings
Date Filed Form Type Document
Mar 16, 2023
8-A12B
8-A12B
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 03, 2023
8-K
Current Report
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for TT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
Camuti Paul A
sold
-1,516,710
190
-7,950
executive vice president
2023-03-03
Turtz Evan M
sold
-399,791
190
-2,095
senior vice president
2023-03-01
Magner Mairead
acquired
-
-
1,254
senior vice president
2023-03-01
Pittard Raymond D
acquired
-
-
4,560
executive vice president
2023-03-01
Regnery David S
sold (taxes)
-2,026,850
185
-10,917
chair and ceo
2023-03-01
Camuti Paul A
sold (taxes)
-1,169,290
185
-6,298
executive vice president
2023-03-01
Turtz Evan M
sold (taxes)
-272,363
185
-1,467
senior vice president
2023-03-01
SULTANA KEITH A
acquired
-
-
6,956
senior vice president
2023-03-01
Regnery David S
acquired
-
-
24,698
chair and ceo
2023-03-01
Majocha Mark
acquired
-
-
1,330
vp & chief accounting officer

1–10 of 50

About Trane Tech

Dave S. Regnery
www.tranetechnologies.com
37000
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.

TT Income Statement

2022-09-30
Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues$ 4,371.9$ 3,719.8$ 11,917.9$ 10,567.1
Cost of goods sold(2,939.1)(2,515.6)(8,172.6)(7,139.0)
Selling and administrative expenses(693.3)(620.8)(1,907.0)(1,840.5)
Operating income739.5583.41,838.31,587.6
Interest expense(55.8)(57.7)(167.6)(177.7)
Other income/(expense), net(18.7)(6.9)(21.0)(13.8)
Earnings before income taxes665.0518.81,649.71,396.1
Provision for income taxes(104.7)(96.8)(302.4)(268.0)
Earnings from continuing operations560.3422.01,347.31,128.1
Discontinued operations, net of tax(7.9)(13.3)(16.6)(12.6)
Net earnings552.4408.71,330.71,115.5
Less: Net earnings from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest(4.5)(3.0)(13.3)(9.9)
Net earnings attributable to Trane Technologies plc547.9405.71,317.41,105.6
Amounts attributable to Trane Technologies plc ordinary shareholders:    
Continuing operations555.8419.01,334.01,118.2
Discontinued operations(7.9)(13.3)(16.6)(12.6)
Net earnings attributable to Trane Technologies plc$ 547.9$ 405.7$ 1,317.4$ 1,105.6
Basic:    
Continuing operations$ 2.40$ 1.76$ 5.72$ 4.68
Discontinued operations(0.04)(0.06)(0.08)(0.06)
Net earnings2.361.705.644.62
Diluted:    
Continuing operations2.381.735.664.61
Discontinued operations(0.04)(0.05)(0.07)(0.06)
Net earnings$ 2.34$ 1.68$ 5.59$ 4.55
Weighted-average shares outstanding    
Basic231.9238.2233.4239.2
Diluted234.0241.7235.7242.8

TT Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations$ 1,080.2$ 2,159.2
Accounts and notes receivable, net2,867.42,429.4
Inventories1,949.21,530.8
Other current assets402.3351.5
Total current assets6,299.16,470.9
Property, plant and equipment, net1,432.11,398.8
Goodwill5,370.35,504.8
Intangible assets, net3,241.13,305.6
Other noncurrent assets1,397.21,379.7
Total assets17,739.818,059.8
LIABILITIES AND EQUITY  
Accounts payable2,061.31,787.3
Accrued compensation and benefits477.9544.8
Accrued expenses and other current liabilities1,956.42,069.9
Short-term borrowings and current maturities of long-term debt1,049.9350.4
Total current liabilities5,545.54,752.4
Long-term debt3,787.54,491.7
Postemployment and other benefit liabilities730.9810.9
Deferred and noncurrent income taxes639.1581.5
Other noncurrent liabilities1,168.41,150.2
Total liabilities11,871.411,786.7
Equity:  
Ordinary shares254.8259.7
Treasury Stock, Value(1,719.4)(1,719.4)
Capital in excess of par value0.00.0
Retained earnings8,320.48,353.2
Accumulated other comprehensive income (loss)(997.5)(637.6)
Total Trane Technologies plc shareholders’ equity5,858.36,255.9
Noncontrolling interests10.117.2
Total equity5,868.46,273.1
Total liabilities and equity$ 17,739.8$ 18,059.8