TT Stock Recent News
TT LATEST HEADLINES
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced a commitment to reduce embodied carbon by 40% by 2030, an industry first. Building on its leadership in sourcing more sustainable solutions like low-carbon steel, Trane Technologies will focus its efforts on partnering with suppliers of materials used in buildings and building equipment including steel, aluminum, copper and refrigerants, while continuing to incorporate circular design cr.
TT's applied solutions offer higher service margins, and its new energy-efficient products boost demand and drive the gross margin.
Trane Technologies' stock has surged over 14% since March 2024, driven by strong commercial HVAC growth and a robust backlog of $7.5 billion. The company reported 19% growth in orders and 13% revenue growth, raising guidance for FY24 and projecting a 12% annual revenue growth. Anticipated interest rate cuts in 2025 could boost Trane's new residential business, further supporting the 'Strong Buy' rating with a $380 price target.
Trane Technologies (TT) reported earnings 30 days ago. What's next for the stock?
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Trane Technologies (TT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Trane Technologies plc (NYSE:TT ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Zac Nagle - Vice President, Investor Relations David Regnery - Chair and CEO Chris Kuehn - Executive Vice President and CFO Conference Call Participants Julian Mitchell - Barclays Scott Davis - Melius Research Andy Kaplowitz - Citigroup Gautam Khanna - TD Cowen Damian Karas - UBS Joe Ritchie - Goldman Sachs Steve Tusa - JPMorgan Jeff Sprague - Vertical Research Partners Nigel Coe - Wolfe Research Deane Dray - RBC Noah Kaye - Oppenheimer Operator Good morning. Welcome to the Trane Technologies Q2 2024 Earnings Conference Call.