Citigroup Raises Trane Technologies PT to $269.00
December 15, 2023
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Trane Technologies ($NYSE:TT) is a world leader in providing solutions for climate, building and energy systems. They design, build, and service commercial and residential HVAC systems, in addition to offering energy services, building automation products, and air quality and temperature control systems.
Share Price
On Thursday, shares of Trane Technologies traded at $239.2 and closed at $238.9, representing a 0.4% increase from its prior closing price of $238.0. This was followed by Citigroup’s decision to raise the price target for Trane Technologies stock to $269.00. The brokerage also currently has a ‘Buy’ rating on the stock. Trane Technologies, a provider of climate control solutions, is currently in the midst of making various strategic investments and acquisitions to strengthen its core businesses.
Furthermore, its focus on operational excellence and developing best-in-class products and solutions for the global market has been driving the growth of the company. With increasing demand from the industrial sector, Trane Technologies is expected to benefit over the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trane Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 17.33k | 1.96k | 11.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trane Technologies. More…
| Operations | Investing | Financing |
| 2.22k | -950.7 | -1.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trane Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.9k | 12.2k | 29.36 |
Key Ratios Snapshot
Some of the financial key ratios for Trane Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.7% | 15.2% | 15.6% |
| FCF Margin | ROE | ROA |
| 11.0% | 26.2% | 9.0% |
Analysis
At GoodWhale, we conducted an extensive analysis of TRANE TECHNOLOGIES‘ fundamentals. According to our Star Chart, this company is classified as a “gorilla” stock; a type of company that has achieved a stable and high revenue or earnings growth due to its strong competitive advantage. Investors interested in companies with such characteristics may find TRANE TECHNOLOGIES to be an attractive opportunity. We also determined that TRANE TECHNOLOGIES has a health score of 8/10, taking into consideration its cashflows and debt. This indicates that the company is in a good position to sustain its operations through difficult times. In addition, TRANE TECHNOLOGIES is strong in dividend and profitability, medium in growth, and weak in asset. This suggests that the company has a decent level of income security. More…
Peers
Trane Technologies PLC is a leading global provider of indoor comfort solutions and services. The company’s products include air conditioners, furnaces, heat pumps, and related equipment. Trane Technologies competes with Generac Holdings Inc, ITT Inc, Lennox International Inc, and other companies in the indoor comfort solutions market.
– Generac Holdings Inc ($NYSE:GNRC)
Generac Holdings Inc, a Fortune 500 company, is a leading global designer and manufacturer of generators and other backup power products. The company has a market capitalization of $7.04 billion as of 2022 and a return on equity of 18.99%. Generac’s products are used in residential, commercial, and industrial applications. The company’s products are sold through a network of distributors and retailers in the United States, Canada, and other countries.
– ITT Inc ($NYSE:ITT)
In 2022, KBR had a market capitalization of $5.78 billion and a return on equity of 12.81%. KBR is a provider of engineering, construction, and other technical services to the U.S. government and other customers.
– Lennox International Inc ($NYSE:LII)
Lennox International Inc. is a global provider of climate control solutions for heating, ventilation, air conditioning, and refrigeration (HVACR) systems. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. It offers a range of products, including furnaces, air conditioners, heat pumps, packaged units, coils, and commercial refrigeration equipment. The company was founded in 1895 and is headquartered in Richardson, Texas.
Summary
Trane Technologies is a leading global provider of energy efficiency solutions and services. This is an encouraging sign for investors in Trane Technologies, as it reflects a strong outlook for the company and its products. Its efficient and cost-effective solutions are expected to drive growth in the future, making it an attractive stock for long-term investors.
The company also boasts a strong balance sheet, with low debt levels and a healthy cash flow. As such, Trane Technologies appears to be a sound investment option, with the potential for solid returns over the long term.
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