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Trane Technologies (TT-N) has proven to be an excellent investment with significant growth metrics. This year alone, the stock has appreciated by 55%, leading to discussions about potential corrections. Over a five-year span, the company has demonstrated impressive growth with a staggering 292% increase, while year-to-date figures show a 44% rise. The company's recent financial performance includes a notable earnings beat and an increase in its revenue forecast, attributed to a 13% organic revenue growth and a remarkable 19% increase in bookings year-over-year. With a substantial $7.5 billion backlog of orders, primarily from commercial sectors such as data centers, schools, and healthcare, Trane Technologies is positioned well in the HVAC market. However, its valuation trades at a higher multiple of 32x PE compared to its historical average of 26x, indicating a premium price amidst strong growth prospects.
A great HVAC play. Is up 292% in the past 5 years and 44% YTD. In late July reported a clean beat and raise with 13% organic revenue growth and raised its full-year forecast. Bookings grew 19% YOY and carry a $7.5 billion order backlog, heavy in commercial orders from data centres especially, schools and healthcare. Trades at a pricey 32x PE after a big run vs. 26x historical.
Trane Technologies is a American stock, trading under the symbol TT-N on the New York Stock Exchange (TT). It is usually referred to as NYSE:TT or TT-N
In the last year, 4 stock analysts published opinions about TT-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Trane Technologies.
Trane Technologies was recommended as a Top Pick by on . Read the latest stock experts ratings for Trane Technologies.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Trane Technologies In the last year. It is a trending stock that is worth watching.
On 2025-04-25, Trane Technologies (TT-N) stock closed at a price of $347.97.
An excellent company with a backlog of orders. Is up 55% this year, so it could come down a little.