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Trane Technologies plc - TT STOCK NEWS

Welcome to our dedicated page for Trane Technologies plc news (Ticker: TT), a resource for investors and traders seeking the latest updates and insights on Trane Technologies plc stock.

Trane Technologies plc (symbol: TT) is a leading global producer in the climate control and transportation refrigeration industry. The company manufactures and services a wide variety of HVAC (Heating, Ventilation, and Air Conditioning) systems for both commercial and residential use. Under its prominent brands, including Trane, American Standard, and Thermo King, Trane Technologies offers solutions that ensure comfort, efficiency, and sustainability.

Headquartered in Ireland, Trane Technologies generates approximately $18 billion in annual revenue, with North America accounting for over 70% of its sales. About 70% of the company's revenue comes from equipment sales, while parts and services contribute the remaining 30%.

The company is at the forefront of innovation, particularly in leveraging artificial intelligence (AI) to enhance the efficiency and performance of its climate control systems. For instance, the Trane® Autonomous Control powered by BrainBox AI® uses AI to optimize HVAC systems automatically, requiring no additional hardware. This is just one example of how Trane Technologies is leading the way in developing smarter, more efficient technologies.

Trane Technologies is deeply committed to sustainability, aiming to reduce its carbon footprint and enhance the energy efficiency of its products. Recent initiatives include the development of advanced climate control systems that can measure and respond to various environmental indicators like humidity and air quality, thanks to sophisticated AI algorithms. This not only helps in maintaining indoor comfort but also supports the broader goal of environmental sustainability.

The company's innovative strategies extend to its partnerships and collaborations. Trane Technologies works with a range of industries to integrate its advanced climate solutions, thereby broadening its impact and market reach. They also invest in future technologies to ensure their products remain adaptable and relevant as the pace of technological advancement accelerates.

Financially, Trane Technologies remains robust, continuously investing in R&D to maintain its competitive edge. The company's strong engineering expertise and commitment to innovation position it well for sustained growth and profitability.

In summary, Trane Technologies plc is a major player in the HVAC and transportation refrigeration industry, known for its innovative, sustainable, and efficient climate control solutions. It continues to lead the market through its commitment to technological advancement and sustainability.

News

Trane® by Trane Technologies Named America’s Most Trusted® HVAC Brand for the 10th Consecutive Year

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Trane Technologies (TT) has been named the top residential HVAC brand in Lifestory Research’s America’s Most Trusted® study for 10 consecutive years. Achieving the highest Net Trust Quotient score (116.4) among the most popular HVAC system brands, Trane was also named a 5-star Smart Thermostat Brand for the fourth year in a row with a Net Trust Quotient score of 110.7. The company's 2030 Sustainability Commitments include the Gigaton Challenge to reduce customer emissions by a billion metric tons and its pledge to reach net-zero carbon emissions by 2050.
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Accelerating Climate Action

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Trane Technologies (TT) leaders share their perspectives on COP28, calling for accelerated climate action and highlighting the critical need for adoption of new and existing solutions at scale. The company has been participating in COP since 1995 and was represented by a team of leaders at the 28th United Nations Conference of the Parties in Dubai. They discussed financing for industry decarbonization, workforce innovation, accelerating climate innovation, and reducing emissions in cities through events with various organizations. The team's impressions from the event and their plans for accelerating action in 2024 were also discussed.
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Trane Technologies Schedules Fourth Quarter 2023 Earnings Conference Call

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Trane Technologies plc (NYSE:TT) to Discuss Fourth Quarter 2023 Financial Results in Conference Call on February 1, 2024
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Trane(R) by Trane Technologies Expands Manufacturing Operations in Grand Rapids, Michigan to Address Growth in Data Center and High Tech Markets

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Trane Technologies (NYSE: TT) has expanded its commercial manufacturing operations in Grand Rapids, Michigan, opening a third facility focused on producing air-cooled chillers for the fast-growing data center and high tech markets. The demand for these products is forecast to grow by approximately 20% by 2027. The expansion essentially doubles the location's air-cooled chiller manufacturing capability and nearly quadruples the site's total manufacturing footprint. Approximately 50 people are employed at the newest facility, bringing the region's total manufacturing workforce close to 300 across the three locations. Trane Technologies has achieved zero waste to landfill in 2021 and has upgraded its HVAC, roofing, and lighting systems for improved energy efficiency.
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The Wall Street Journal Names Trane Technologies One of the Best-Managed Companies of 2023

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Trane Technologies (NYSE:TT) has been selected to The Wall Street Journal’s list of the Best-Managed Companies for the third consecutive year. The ranking, developed by the Drucker Institute, measures corporate effectiveness based upon customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength. Trane Technologies is leading the way in the decarbonization of buildings, industry, and the cold chain, with its 2030 Sustainability Commitments, including the Gigaton Challenge and a long-term goal of net-zero emissions by 2050. The company is also investing $100 million and 500,000 employee volunteer hours into programs that support its corporate citizenship strategy, Sustainable Futures.
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Trane(R) Awarded Generation 4 Indefinite Delivery Indefinite Quantity Contract With the Department of Energy Federal Management Program

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Trane Technologies (TT) has been awarded the Department of Energy's Generation 4 (Gen4) Indefinite Delivery Indefinite Quantity (IDIQ) energy savings performance contract (ESPC), a $5B contract ceiling over 10 years. Trane has executed several ESPC projects at Federal Facilities, resulting in significant energy, fuel, and water savings, as well as a 32.2% reduction in consumer baseline energy consumption. This contract allows Trane to compete for individual ESPC programs to accelerate the deployment of third-party capital in support of efforts to achieve clean energy goals outlined in Executive Order 14057.
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Trane Technologies Named to S&P Dow Jones Sustainability World and North American Indices

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Trane Technologies (TT) has been named to the S&P Dow Jones Sustainability World Index for the third consecutive year and the North America Index for the thirteenth consecutive year. The company performed in the 98th percentile in the Building Products industry in the S&P Global Corporate Sustainability Assessment, with a perfect score of 100 in the Resource Efficiency and Circularity category. Trane Technologies is decarbonizing buildings, industry, and the cold chain, advancing its 2030 Sustainability Commitments, and has been externally validated by the Science Based Targets Initiative (SBTi).
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Riaz Raihan Joins Trane Technologies as Chief Digital Officer

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Trane Technologies (NYSE: TT) appoints Riaz Raihan as Chief Digital Officer, signaling a focus on digital strategy and customer value. Raihan brings extensive digital and technology experience and a track record of revenue growth and global customer relationships. His appointment supports Trane Technologies' leadership in advanced digital services and solutions, contributing to reduced greenhouse gas emissions, energy management, and operational cost savings.
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A Climate for Innovation: A Conversation With Director of Global Climate Policy Helen Walter-Terrinoni

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Trane Technologies (TT) director of global climate policy, Helen Walter-Terrinoni, works to advance policies to accelerate climate technology adoption worldwide. The company was honored to be invited to the UN Climate Ambition Summit and is the first in its industry to have near-term, long-term, and net-zero targets validated by the Science-Based Targets initiative and CDP.
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Good Housekeeping 2023 Home Renovation Awards Recognizes Innovative Heat Pump from Trane Technologies

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Trane Technologies (TT) announces that the Trane XV20i Variable Speed Heat Pump with Trane Link has been named the best High-Efficiency Heat Pump in Good Housekeeping’s 2023 Home Renovation Awards. This recognition highlights Trane's innovative design, sustainable heating, cooling, and temperature control solutions, and industry leadership. The system's advanced features, such as Trane Link and Trane Diagnostics, provide remote and predictive services for accurate installations, monitoring, and troubleshooting. Field trials of Trane's cold climate heat pump (CCHP) are underway, surpassing U.S. Department of Energy requirements and contributing to Trane Technologies' bold sustainability commitments.
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FAQ

What is the current stock price of Trane Technologies plc (TT)?

The current stock price of Trane Technologies plc (TT) is $417.49 as of November 22, 2024.

What is the market cap of Trane Technologies plc (TT)?

The market cap of Trane Technologies plc (TT) is approximately 93.2B.

What does Trane Technologies do?

Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under brands like Trane, American Standard, and Thermo King.

Where is Trane Technologies headquartered?

Trane Technologies is headquartered in Ireland.

What percentage of Trane Technologies' sales come from North America?

Over 70% of Trane Technologies' revenue comes from North America.

How does Trane Technologies incorporate AI in its products?

Trane Technologies uses AI to optimize HVAC systems automatically, such as with the Trane® Autonomous Control powered by BrainBox AI®.

What are the main brands under Trane Technologies?

The main brands under Trane Technologies include Trane, American Standard, and Thermo King.

How much revenue does Trane Technologies generate annually?

Trane Technologies generates approximately $18 billion in annual revenue.

What is Trane Technologies' commitment to sustainability?

Trane Technologies is committed to reducing its carbon footprint and enhancing the energy efficiency of its products.

What percentage of Trane Technologies' revenue comes from equipment sales?

Approximately 70% of Trane Technologies' revenue comes from equipment sales.

Why is innovation important to Trane Technologies?

Innovation is crucial for Trane Technologies to develop smarter, more efficient climate control solutions and maintain its competitive edge.

How does Trane Technologies support its customers' needs?

Trane Technologies focuses on innovative strategies to meet customer needs more effectively, supported by its strong engineering expertise and advanced technology.

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Trane Technologies plc

NYSE:TT

TT Rankings

#141 Ranked by Market Cap
#1884 Ranked by Dividends

TT Stock Data

93.22B
224.30M
0.31%
87.27%
0.98%
Building Products & Equipment
Auto Controls for Regulating Residential & Comml Environments
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