Trane Technologies plc - Class A chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 68.75
Dividend & Yield3.00$ (1.62%)
Beta 1.21
Market capitalization 44.47B
Operating cash flow 1.5B
ESG Scores 16.1

Company description

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

Sector: Industrials - Industry: Building Products & Equipment

Financial Ratios
Quick Ratio1.04
Working Capital0.83
Return On Equity0.23
Debt To Equity0.72
Fixed Asset Ratio0.25
Fixed Interest Cover8.76

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 93.2M 75.8M 275.3M 317.9M
Total Cashflows From Investing Activities -1.78B -376.2M -545.7M -540.4M
Net Borrowings 1.49B -307.5M -432.5M -9.6M
Total Cash From Financing Activities 270.5M 884.3M -2.13B -1.85B
Change To Operating Activities -89.6M 153M 95.8M -55.9M
Issuance Of Stock 72.5M 64.5M 78.3M 2.6M
Net Income 1.41B 854.9M 1.42B 1.76B
Change In Cash 400.2M 2.01B -1.13B -938.7M
Effect Of Exchange Rate -9.8M 68.2M -45.7M -50.1M
Total Cash From Operating Activities 1.92B 1.44B 1.59B 1.5B
Depreciation 233.4M 244.1M 253.7M 281.5M
Change To Account Receivables -77.8M 5.9M -265.4M -345.4M
Other Cashflows From Financing Activities -32.2M 1.88B -112M -24.8M
Change To Netincome 290.1M -57.9M 108.6M -26M
Capital Expenditures -205.4M -146.2M -223M -291.8M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 1.4B 1.29B 1.79B 2.17B
Net Income 1.41B 854.9M 1.42B 1.76B
Selling General Administrative 2.34B 2.29B 2.45B 2.59B
Gross Profit 4.03B 3.8B 4.47B 4.96B
Ebit 1.69B 1.52B 2.02B 2.38B
Operating Income 1.69B 1.52B 2.02B 2.38B
Interest Expense -242.8M -248.7M -233.7M -223.5M
Income Tax Expense 238.6M 296.8M 333.5M 375.9M
Total Revenue 13.08B 12.45B 14.14B 15.99B
Cost Of Revenue 9.05B 8.65B 9.67B 11.03B
Total Other Income ExpenseNet -288.9M -229.9M -228.5M -204.3M
Net Income From Continuing Ops 1.16B 991.4M 1.46B 1.8B
Net Income Applicable To Common Shares 1.41B 854.9M 1.42B 1.76B

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 13.18B 11.73B 11.79B 11.98B
Total Stockholder Equity 7.27B 6.41B 6.26B 6.09B
Other Current Liabilities 1.5B 885.8M 1.04B 1.25B
Total Assets 20.49B 18.16B 18.06B 18.08B
Common Stock 262.8M 263.3M 259.7M 253.3M
Other Current Assets 4.49B 131.9M 186.7M 183.6M
Retained Earnings 9.73B 8.5B 8.35B 8.32B
Treasury Stock -2.73B -2.35B -2.36B -2.49B
Cash 1.28B 3.29B 2.16B 1.22B
Total Current Liabilities 5.24B 4.34B 4.75B 5.69B
Other Stockholder Equity -1.01B -631.5M -637.6M -766.2M
Property, Plant, and Equipment 1.82B 1.76B 1.84B 2B
Total Current Assets 9.29B 6.91B 6.47B 6.38B
Net Tangible Assets -1.18B -2.22B -2.55B -2.68B
Net Receivables 2.25B 2.29B 2.59B 2.98B
Accounts Payable 1.38B 1.52B 1.79B 2.09B


Insider Transactions

Here are the insider transactions of stock shares related to Trane Technologies plc - Class A:

Filer Name Transaction Text Ownership Date Filer Relation Shares
CAMUTI PAUL ASale at price 181.99 per share.D2023-02-10Officer536
SULTANA KEITH ASale at price 182.02 per share.D2023-02-10Officer279
TURTZ EVAN M.Sale at price 181.96 per share.D2023-02-10Officer475
CAMUTI PAUL AStock Award(Grant) at price 0.00 per share.D2023-02-07Officer2.08k
CAMUTI PAUL ASale at price 180.64 per share.D2023-02-07Officer690
KUEHN CHRISTOPHER JStock Award(Grant) at price 0.00 per share.D2023-02-07Chief Financial Officer4.19k
SULTANA KEITH AStock Award(Grant) at price 0.00 per share.D2023-02-07Officer1.03k
SULTANA KEITH ASale at price 180.58 per share.D2023-02-07Officer383
REGNERY DAVID SStock Award(Grant) at price 0.00 per share.D2023-02-07Chief Executive Officer15.93k
TURTZ EVAN M.Stock Award(Grant) at price 0.00 per share.D2023-02-07Officer1.94k
TURTZ EVAN M.Sale at price 180.59 per share.D2023-02-07Officer337
PITTARD RAYMOND DStock Award(Grant) at price 0.00 per share.D2023-02-07Officer1.18k
MAGNER MAIREADStock Award(Grant) at price 0.00 per share.D2023-02-07Officer1.04k
MAJOCHA MARKStock Award(Grant) at price 0.00 per share.D2023-02-07Officer485
SULTANA KEITH ASale at price 185.07 - 185.83 per share.D2023-02-06Officer3.75k
SULTANA KEITH AConversion of Exercise of derivative security at price 105.28 per share.D2023-02-06Officer3.52k
CAMUTI PAUL ASale at price 185.98 per share.D2023-02-03Officer434
TURTZ EVAN M.Sale at price 186.02 per share.D2023-02-03Officer462
CAMUTI PAUL ASale at price 185.00 per share.D2023-02-02Officer10k
CAMUTI PAUL AConversion of Exercise of derivative security at price 62.53 per share.D2023-02-02Officer10k
PITTARD RAYMOND DSale at price 170.42 per share.D2023-01-03Officer23k
PITTARD RAYMOND DConversion of Exercise of derivative security at price 94.91 - 105.28 per share.D2023-01-03Officer23k
REGNERY DAVID SSale at price 179.00 per share.D2022-11-25Chief Executive Officer14.65k
REGNERY DAVID SConversion of Exercise of derivative security at price 46.64 per share.D2022-11-25Chief Executive Officer14.65k
TURTZ EVAN M.Stock Gift at price 0.00 per share.D2022-11-25Officer167
TURTZ EVAN M.Sale at price 175.00 per share.D2022-11-10Officer2.13k
MAGNER MAIREADSale at price 170.00 per share.D2022-11-08Officer1k
MAGNER MAIREADConversion of Exercise of derivative security at price 38.99 per share.D2022-11-08Officer1k
MAGNER MAIREADSale at price 165.00 per share.D2022-11-02Officer1k
MAGNER MAIREADConversion of Exercise of derivative security at price 38.99 per share.D2022-11-02Officer1k
MAGNER MAIREADSale at price 160.00 per share.D2022-10-28Officer1k
MAGNER MAIREADConversion of Exercise of derivative security at price 38.99 per share.D2022-10-28Officer1k
FORSEE GARY DStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
WHITE TONY LEEStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
HUDSON LINDA PStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
COHON JARED LStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
SURMA JOHN P JR.Stock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
BERZIN ANN CStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
ARNOLD KIRK EStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
BRUTON JOHN G.Stock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
LEE MYLES PStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
MILLER BOISE APRILStock Award(Grant) at price 0.00 per share.D2022-06-02Director1.17k
AVEDON MARCIA JSale at price 154.96 per share.D2022-03-03Officer11.82k
AVEDON MARCIA JStock Award(Grant) at price 0.00 per share.D2022-03-01Officer21.28k
CAMUTI PAUL AStock Award(Grant) at price 0.00 per share.D2022-03-01Officer15.2k
KUEHN CHRISTOPHER JStock Award(Grant) at price 0.00 per share.D2022-03-01Chief Financial Officer8.57k
SULTANA KEITH AStock Award(Grant) at price 0.00 per share.D2022-03-01Officer9.29k
REGNERY DAVID SStock Award(Grant) at price 0.00 per share.D2022-03-01Chief Executive Officer29.13k
TURTZ EVAN M.Stock Award(Grant) at price 0.00 per share.D2022-03-01Officer2.57k
HOWLETT HEATHERStock Award(Grant) at price 0.00 per share.D2022-03-01Officer1.03k
PITTARD RAYMOND DStock Award(Grant) at price 0.00 per share.D2022-03-01Officer6.08k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Trane Technologies plc - Class A. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Trane Technologies plc - Class A

Here is the result of two systematic investment strategies applied to Trane Technologies plc - Class A. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Trane Technologies plc - Class A

The following chart shows the equity curve of the two systematic investment strategies applied to Trane Technologies plc - Class A:

Trane Technologies plc - Class A automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 91.53% on the backtest period.

Performance at glance

Performance

91.53 %

Latent gain

2014.1 $

Invested capital

2200.42 $

Annualized return

22.11 %
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Momentum strategy results on Trane Technologies plc - Class A

This is the result of two momentum investment strategies applied to Trane Technologies plc - Class A. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Trane Technologies plc - Class A

The following chart shows all the entries opened by the momentum investment system on Trane Technologies plc - Class A:

Trane Technologies plc - Class A momentum entries
  • The first momentum investment strategy would give 107.03% of return on Trane Technologies plc - Class A. That represents 4547.05$ of latent gain with 4248.47$ of employed capital.
  • The second momentum investment strategy would give 116.09% of return on Trane Technologies plc - Class A. That represents 3150.2$ of latent gain with 2713.48$ of employed capital.
Performance at glance (1Q Momentum)

Performance

107.03 %

Latent gain

4547.05 $

Invested capital

4248.47 $

Annualized return

0.08 %
Performance at glance (2Q Momentum)

Performance

116.09 %

Latent gain

3150.2 $

Invested capital

2713.48 $

Annualized return

31.72 %

Momentum equity curve on Trane Technologies plc - Class A

The following chart shows the equity curve of the two momentum strategies applied to Trane Technologies plc - Class A:

Trane Technologies plc - Class A momentum equity

Note: the dividends potentially given by Trane Technologies plc - Class A are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Trane Technologies plc - Class A

The following chart shows the employed capital evolution of the two momentum strategies on Trane Technologies plc - Class A since the beginning:

Trane Technologies plc - Class A

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Trane Technologies plc - Class A

Buy the dip entry openings on Trane Technologies plc - Class A

Trane Technologies plc - Class A

The performance achieved by the robo-advisor on Trane Technologies plc - Class A is 0.18%. That represents 1.33$ of latent gain with 731.63$ of employed capital. The following chart shows Trane Technologies plc - Class A stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Trane Technologies plc - Class A, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0.18 %

Latent gain

1.33 $

Invested capital

731.63 $

Annualized return

0.08 %

Equity curve of the strategy applied to Trane Technologies plc - Class A

The following chart shows the result of the investment strategy applied to Trane Technologies plc - Class A:

Trane Technologies plc - Class A

Note: the dividends potentially given by Trane Technologies plc - Class A are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Trane Technologies plc - Class A

The following chart shows the employed capital evolution since the beginning of the investment strategy on Trane Technologies plc - Class A:

Trane Technologies plc - Class A

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Trane Technologies plc - Class A

In this section, I will compare the three previous investment strategies applied to Trane Technologies plc - Class A.

Equity curve comparison on Trane Technologies plc - Class A

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Trane Technologies plc - Class A investment strategy comparison

Employed capital comparison on Trane Technologies plc - Class A

Trane Technologies plc - Class A investment comparison

Performance comparison on Trane Technologies plc - Class A

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 91.53% 2014.1$ 2200.42$ 22.11%
Momentum 1 quarter 107.03% 4547.05$ 4248.47$ 27.44%
Momentum 2 quarters 116.09% 3150.2$ 2713.48$ 31.72%
Non-directional 0.18% 1.33$ 731.63$ 0.08%
Annualized return comparison

Automatic investment

22.11 %

Momentum 1Q

31.72 %

Momentum 2Q

31.72 %

Non-directional

0.08 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Trane Technologies plc - Class A:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • ADEUNIS
  • GROUPE GORGE

  • Note: The algorithm computes the probability of correlation between Trane Technologies plc - Class A and the other stocks. There may be false positives or some missing correlated stocks. If the price of Trane Technologies plc - Class A does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Trane Technologies plc - Class A
    Country Ireland
    City Swords
    Address 170/175 Lakeview Drive
    Phone 353 1 870 7400
    Website www.tranetechnologies.com
    FullTime employees 39000
    Industry Building Products & Equipment
    Sector Industrials
    Exchange XNYS
    Ticker TT
    Market www.nyse.com

    Trane Technologies plc - Class A ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 7.1
    Peer Environment Performance 9.1525
    Environment Percentile unknown
    Palm Oil no
    Nuclear no
    Fur Leather no
    GMO no
    Coal no
    Pesticides no
    Animal Testing no

    Social scores

    Social ESG Factors Scores
    Social Score 3.8
    Peer Social Performance 4.0208333333333
    Social Percentile unknown
    Highest Controversy 2
    Peer Highest Controversy Performance 0.83333333333333
    Adult no
    Gambling no
    Alcoholic no
    Tobacco no
    Catholic no
    Controversial Weapons no
    Small Arms no
    Military Contract no
    Peer Count yes

    Related Controversy: Employee IncidentsSociety & Community IncidentsBusiness Ethics Incidents


    Governance scores

    Governance ESG Factors Scores
    Governance Score 5.2
    Peer Governance Performance 6.2791666666667
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: 16.1
    Environment Score: 7.1
    Social Score: 3.8
    Governance Score: 5.2

    ESG Performance: UNDER_PERF

    Peer Group: Building Products

    Peer Esg Score Performance: 19.453333333333

    Rating Year: 2023

    Rating Month: 1

    Max Age: 86400

    Percentile: 13