Trane Technologies plc (TT) Stock Rating & Analysis

Trane Technologies makes and services commercial and residential HVAC systems and transportation refrigeration solutions under its Trane, American Standard, and Thermo King brands, with about 70% of sales from equipment and 30% from parts and services. Though domiciled in Ireland, it draws about 80% of revenue from North America, 13% from EMEA, and 7% from Asia-Pacific. It was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.