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What smart money is saying about Trane TechnologiesIreland flag

TT · Industrials · Construction · Market cap $86.44B

1 fund in our archive has pitched Trane Technologies — most recently Clearbridge Global Growth Strategy in March 2025.

Company profile

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration 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 in the United States; and through sales and service companies with a supporting chain of distributors worldwide. 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.

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Letters

Fund activity · 4 positions

  • HoldsGuinness Sustainable Energy Fund
    July 2026
    Trane Technologies continued to demonstrate strong order intake for its efficient commercial cooling solutions in the US, while Owens Corning rallied sharply after receiving a $10bn takeover offer from fellow portfolio holding Carlisle to create a 'one-stop shop' for commercial and residential roofing and insulation products.
    Read the letterTrane Technologies
  • HoldsGuinness Sustainable Energy Fund
    June 2026
    Within the Fund, the strongest performers were Enphase Energy Inc, First Solar Inc, Infineon Technologies AG, Versigent and Canadian Solar Inc while the weakest performers were AECOM, NextEra Energy Inc, LG Chem Ltd, Trane Technologies and Vestas Wind Systems A/S.
    Read the letterTrane Technologies
  • HoldsGuinness Sustainable Energy Fund (Guinness Global Investors)
    June 2026
    Within the Fund, the strongest performers were Enphase Energy Inc, First Solar Inc, Infineon Technologies AG, Versigent and Canadian Solar Inc while the weakest performers were AECOM, NextEra Energy Inc, LG Chem Ltd, Trane Technologies and Vestas Wind Systems A/S.
    Read the letterTrane Technologies
  • HoldsLarge-Cap Growth
    March 2026
    From a sector perspective, Industrials was the strongest relative contributor during the quarter, led by Generac Holdings (GNRC) and Trane Technologies (TT), both of which we believe continue to execute well against a favorable demand backdrop.
    Read the letterTrane Technologies

Fund coverage · 1 thesis

  • Clearbridge Global Growth Strategy
    March 2025

    Trane Technologies is an HVAC supplier with a strong value proposition driven by improved energy efficiency, significant cost savings, and rapid growth in its data center business.

    Read the full thesis

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