EA Series Trust Invests $366000 in Trane Technologies plc
October 27, 2023
☀️Trending News
Trane Technologies ($NYSE:TT) plc, a global leader in the heating, ventilation, and air conditioning (HVAC) industry, recently received an investment of $366000 from EA Series Trust. The company’s products range from indoor air handling units and rooftop HVAC systems to residential air conditioners and comfortable heating solutions. The recent investment by EA Series Trust reinforces Trane Technologies’ commitment to providing high-quality, efficient HVAC solutions to the global market.
As the company continues to innovate and expand its offerings, customers can be assured that their products will remain reliable, durable, and energy-efficient. The investment by EA Series Trust will enable Trane Technologies to continue producing advanced HVAC solutions and remain a leader in the industry.
Stock Price
On Monday, EA Series Trust announced its investment of $366000 in Trane Technologies plc. In response, TRANE TECHNOLOGIES stock opened at $187.6 and closed at $187.9, a marginal increase of 0.3% from the prior closing price of 187.3. This news sent a positive signal to the market and highlighted the potential of the company in the industry. It serves as a reminder that Trane Technologies plc is a strong player in the sector, and investors should take note of its growth prospects. 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 |
| 16.82k | 1.88k | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trane Technologies. More…
| Operations | Investing | Financing |
| 1.8k | -928.7 | -1.29k |
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 |
| 18.91k | 12.63k | 27.45 |
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 |
| 1.8% | 14.1% | 15.3% |
| FCF Margin | ROE | ROA |
| 9.0% | 26.2% | 8.5% |
Analysis
At GoodWhale, we’ve conducted a deep dive analysis of the fundamentals of TRANE TECHNOLOGIES. Our analysis using the Star Chart reveals that TRANE TECHNOLOGIES is strong in dividend, profitability, and medium in growth and weak in asset. Based on this data, we classify TRANE TECHNOLOGIES as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these qualities, TRANE TECHNOLOGIES would be of interest to long-term and income investors looking for a secure dividend stock. In addition, TRANE TECHNOLOGIES has a high health score of 8/10 with regard to its cashflows and debt, making it capable of riding out any crises without the risk of bankruptcy. Therefore, TRANE TECHNOLOGIES may be of interest to conservative investors seeking a safe and reliable investment option. 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
This is a positive sign for the company, indicating that the trust believes there is potential for growth and value in the stock. Analysts cite a number of factors driving the company’s stock price upwards, such as strong international demand for HVAC products, an expanding customer base, and innovative product developments.
Additionally, Trane Technologies has made strategic acquisitions which have provided growth opportunities in emerging markets. The company’s strong balance sheet and cash flow make it well-positioned to benefit from current market conditions. With the increased investment from EA Series Trust, Trane Technologies looks to maintain its positive momentum and continue to grow.
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