Market PerformanceShares move higher following robust quarterly results, underpinned by accelerated order growth and positive guidance.
Operational StrengthStrong operational performance and solid backlog visibility suggest a potential to achieve the higher end of future guidance.
Bears Say
Inventory ManagementThere is an expectation that residential HVAC inventory destocking will continue, creating additional pressure in the transport sector.
Order Bookings Vs RevenueDespite an increase in order bookings for residential HVAC, the revenue figures have seen a substantial drop.
Sales PerformanceNA residential HVAC sales experienced a significant decline year-over-year in the fourth quarter, which was more severe than anticipated.
What was Trane Technologies’s price range in the past 12 months?
Trane Technologies lowest share price was $160.59 and its highest was $307.20 in the past 12 months.
What is Trane Technologies’s market cap?
Currently, no data Available
When is Trane Technologies’s upcoming earnings report date?
Trane Technologies’s upcoming earnings report date is Apr 30, 2024 which is in 5 days.
How were Trane Technologies’s earnings last quarter?
Trane Technologies released its earnings results on Feb 01, 2024. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.133 by $0.037.
Trane Technologies does not currently pay dividends.
What is Trane Technologies’s EPS estimate?
Trane Technologies’s EPS estimate is $1.64.
How many shares outstanding does Trane Technologies have?
Trane Technologies has 227,072,220 shares outstanding.
What happened to Trane Technologies’s price movement after its last earnings report?
Trane Technologies reported an EPS of $2.17 in its last earnings report, beating expectations of $2.133. Following the earnings report the stock price went up 5.928%.
Which hedge fund is a major shareholder of Trane Technologies?
Among the largest hedge funds holding Trane Technologies’s share is Generation Investment Management LLP. It holds Trane Technologies’s shares valued at 738M.
Ireland-based Trane Technologies plc is a diversified industrial manufacturing company formed by the merger of Ingersoll-Sergeant Drill Company and Rand Drill Company. The company provides climate control solutions for buildings, homes, and transportation.
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