Trane Technologies Stock Fair Value – TRANE TECHNOLOGIES Reports 12.3% Year-Over-Year Increase in FY2023 Q2 Earnings Results with Total Revenue of USD 4704.7 Million

☀️Earnings Overview

On August 2, 2023, TRANE TECHNOLOGIES ($NYSE:TT) released their FY2023 Q2 earnings results for June 30, 2023, showing total revenue of USD 4704.7 million, a year-over-year increase of 12.3%, and net income of USD 586.2 million, a 15.1% year-over-year rise.

Analysis – Trane Technologies Stock Fair Value

GoodWhale has gone through great lengths to analyze the fundamentals of TRANE TECHNOLOGIES. According to our proprietary Valuation Line, the fair value of TRANE TECHNOLOGIES share is around $195.7. However, the stock is currently trading at $205.1, which means it is overvalued by 4.8%. In other words, the current market price is higher than what the company’s fundamental condition suggests it should be. Nevertheless, investors may still consider this stock for potential gains in the long-term. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Trane Technologies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Trane Technologies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Trane Technologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Trane Technologies are shown below. 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 has reported strong growth in Q2 of FY2023, with total revenue rising 12.3% year-over-year and net income increasing 15.1% year-over-year. This news pushed the stock price higher the same day, indicating investor confidence in the company’s performance. Overall, the results suggest that TRANE TECHNOLOGIES is on a positive trajectory, making it an attractive investment for those looking for long-term potential. Analysts are encouraged by the company’s healthy balance sheet and solid growth outlook, which could lead to more upside potential in the future.