Trane Technologies plc (TT)

Trane Technologies' stock price has increased by 10.46% in the past six months. The stock experienced a marginal uptick following its better-than-expected fourth-quarter 2024 and first-quarter 2025 results, surpassing revenue and EPS estimates. The stock has risen 20.5% since the Q1 2025 earnings report. Anticipated interest rate cuts in 2025 are expected to further boost the company's residential business.

Demand for Trane Technologies' products and services exhibits seasonality, influenced by new installations and economic factors like interest rates. The residential HVAC business benefits from cooling seasons, and the transport business is expected to rebound in 2025 after a modest down cycle in the second half of 2024. The company acknowledges peak-season demand for its offerings.

Trane Technologies designs, manufactures, sells, and services climate control solutions, including HVAC systems, transport refrigeration, and custom refrigeration. Key brands are Trane, focusing on HVAC and building services, and Thermo King, specializing in transport temperature control. The company also offers building controls, energy efficiency programs, indoor air quality assessments, and aftermarket services.

Trane Technologies has a significant global presence, operating in the Americas, EMEA, and Asia Pacific. The company has 36 manufacturing facilities worldwide and conducts operations in over 100 countries, with approximately 28% of its net revenues generated outside the U.S.

Trane Technologies has maintained a strong brand reputation, receiving accolades for its sustainability efforts and corporate citizenship. The company was named to the JUST 100 list, ranking 6th overall in 2025, and featured on Fortune Magazine's World's Most Admired Companies list. Trane Technologies secured a place on CDP's annual 'A List' for climate change leadership and was recognized by TIME as one of the World's Most Sustainable Companies.

Trane Technologies' ownership is primarily institutional, with 85.13% held by institutional shareholders, including BlackRock, Vanguard, and JPMorgan Chase. Individual investors hold 8.05% of the company, with Nelson Peltz being the largest individual shareholder, owning 11.98 million shares, representing 5.37% of the company.