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Trane Technologies (TT)

(Real Time Quote from BATS)

$294.36 USD

294.36
471,480

-0.73 (-0.25%)

Updated Apr 24, 2024 01:22 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value A Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 40% (152 out of 252)

Industry: Technology Services

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Balance Sheet

Research for TT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Trane Technologies plc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,095 1,221 2,159 3,290 1,304
Receivables 2,957 2,780 2,429 2,202 2,798
Notes Receivable 0 0 0 0 0
Inventories 2,152 1,994 1,531 1,189 1,712
Other Current Assets 666 385 352 224 403
Total Current Assets 6,870 6,379 6,471 6,906 6,217
Net Property & Equipment 1,772 1,536 1,399 1,350 1,806
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 9,535 8,768 8,810 8,629 10,932
Deposits & Other Assets 1,215 1,399 1,380 1,272 1,537
Total Assets 19,392 18,082 18,060 18,157 20,492
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,025 2,092 1,787 1,520 1,809
Current Portion Long-Term Debt 802 1,048 350 776 651
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 3,226 2,547 2,615 2,043 2,402
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 6,054 5,687 4,752 4,339 4,862
Mortgages 0 0 0 0 0
Deferred Taxes/Income 704 680 582 579 682
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,978 3,788 4,492 4,497 4,923
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,640 1,821 1,961 2,316 2,713
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 12,375 11,976 11,787 11,730 13,180
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 252 253 260 263 263
Capital Surplus 0 0 0 0 0
Retained Earnings 9,134 8,321 8,353 8,495 9,731
Other Equity -649 -750 -620 -612 -962
Treasury Stock 1,719 1,719 1,719 1,719 1,719
Total Shareholder's Equity 7,017 6,105 6,273 6,427 7,312
Total Liabilities & Shareholder's Equity 19,392 18,082 18,060 18,157 20,492
Total Common Equity 7,017 6,105 6,273 6,427 7,312
Shares Outstanding 227.50 230.30 237.50 240.10 238.30
Book Value Per Share 30.84 26.51 26.41 26.77 30.69

Fiscal Year End for Trane Technologies plc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,095 960 664 693
Receivables NA 2,957 3,143 3,200 2,606
Notes Receivable NA 0 0 0 0
Inventories NA 2,152 2,192 2,356 2,344
Other Current Assets NA 666 433 456 432
Total Current Assets NA 6,870 6,727 6,675 6,075
Net Property & Equipment NA 1,772 1,684 1,655 1,582
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 9,535 9,057 9,136 8,754
Deposits & Other Assets NA 1,215 1,436 1,440 1,486
Total Assets NA 19,392 18,903 18,907 17,897
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 2,025 2,093 2,177 1,963
Current Portion Long-Term Debt NA 802 348 550 348
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 3,226 2,773 2,866 2,521
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 6,054 5,214 5,593 4,831
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 704 696 694 636
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,978 4,476 4,477 4,482
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,816 1,866 1,894
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 12,375 12,203 12,629 11,843
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 252 252 253 253
Capital Surplus NA 0 0 23 0
Retained Earnings NA 9,134 8,971 8,445 8,202
Other Equity NA -649 -803 -725 -681
Treasury Stock NA 1,719 1,719 1,719 1,719
Total Shareholder's Equity NA 7,017 6,700 6,277 6,054
Total Liabilities & Shareholder's Equity NA 19,392 18,903 18,907 17,897
Total Common Equity 0 7,017 6,700 6,277 6,054
Shares Outstanding 227.00 227.50 227.50 228.40 228.00
Book Value Per Share 0.00 30.84 29.45 27.48 26.55