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Jim Cramer - Mad Money Trane Technologies TT-N BUY Feb 12, 2024

Recently reported a strong quarter. The company says it's riding the de-carbonization wave, energy efficiency, and digital transformation. Shares have jumped since that quarter.

Jim Cramer - Mad Money

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$272.020

Stock price when the opinion was issued

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BUY

Likes it for making HVACs and doing business in infrastructure

BUY

Reported a solid quarter and guidance this morning, and the stock rallied. The industrials are rallying these days, finally. This has soared from $70 from last year's low to $179 today, including a 23% move YTD. It still has more room to run.

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TOP PICK

Manufactures energy-efficient climate solutions for buildings, homes, and transportation. Announced 14% increase in dividends and $3B stock buyback last week. Social media mentions are up 1800% over the last 24h.

BUY

A major HVAC company. They keep putting up excellent numbers, include a recent strong forecast. Shares are holding in this difficult market. Beat top and bottom line in their last quarter, Q4.

COMMENT

The question was on HVAC companies. They are good for green and more efficient buildings. He would choose Trane Technologies which has a decent earnings progression. A second choice would be Carrier.

BUY

A winner during this earnings season, reporting organic revenue growth of 9% and EPS up 23%.

BUY ON WEAKNESS

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.

BUY ON WEAKNESS

An excellent company with a backlog of orders. Is up 55% this year, so it could come down a little.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Jim Cramer - Mad Money Trane Technologies TT-N BUY Feb 12, 2024

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