Trane Technologies Plc Stock Price, News & Analysis

Trane Technologies plc (NYSE:TT) will host a conference call to discuss its fourth quarter 2021 financial results on January 31, 2022, at 10 a.m. ET. The earnings release and presentation will be available beforehand on the company's website. A live webcast of the call can be accessed online, with a replay available later that day. Trane Technologies is recognized as a global climate innovator, providing sustainable climate solutions through its brands Trane® and Thermo King®.

Griffon Corporation (NYSE: GFF) has filed its preliminary proxy statement with the SEC ahead of its Annual Shareholder Meeting on February 17, 2022. The proxy includes six items for consideration, notably the nomination of four new directors aiming for enhanced corporate governance reflecting diversity and industry expertise. Michelle Taylor, nominated for her proficiency in manufacturing, will join a board where 29% will be women and persons of color post-election. Current director William Waldorf will retire. The company plans to implement a declassification of the board and reduce voting power required to call special meetings.

Trane Technologies (NYSE: TT) has launched new digital indoor environmental quality (IEQ) management solutions, aimed at helping building owners and facility managers improve indoor space health and efficiency. The offering integrates exclusive Indoor Air Quality Assessment services with remote monitoring and controls to enhance air quality and HVAC operations. With growing concerns over indoor air quality as businesses reopen, these solutions aim to provide real-time insights and optimize energy usage, aligning with sustainability goals and certification requirements.

Oilon, a Finnish energy technology company, has signed a collaboration agreement with Trane (NYSE: TT) to offer Trane Exergy Series heat pumps in Europe. These heat pumps provide heating capacities up to 120°C, replacing oil and gas boilers in various applications. The partnership promotes environmentally-friendly technologies and is seen as a significant step towards sustainable energy production. Oilon is expanding its industrial heat pump business, with aggressive growth targets anticipated to make it a core focus in the coming years.

Trane Technologies announced a 14% dividend increase from $0.59 to $0.67 per share quarterly, effective Q1 2022, subject to Board approval. The annual dividend rises from $2.36 to $2.68 per share. This follows an 11% increase in Q1 2021, leading to a combined 26% annual increase since the company’s formation in March 2020. CEO Dave Regnery emphasized the company's sustainability strategy and confidence in generating strong cash flow, supported by a consistent history of dividend payments since 1910.

Trane Technologies has announced the retirement of executive chair Mike Lamach effective December 31, 2021. CEO Dave Regnery will succeed him as chair of the Board starting January 1, 2022. Regnery's appointment comes after a seamless transition period since he became CEO on July 1, 2021. The Board expresses confidence in Regnery's leadership to enhance shareholder value and continues the company’s focus on innovation and sustainability. Lamach's tenure included significant cultural advancements and strategic growth initiatives.

Trane Technologies (NYSE: TT) announced today that its leadership will participate in a virtual fireside chat at the Credit Suisse Global Industrials Conference on Friday, December 3, 2021, at 11:30 AM ET. This event will be streamed live on Trane Technologies' website, and an archive will be available for 30 days post-event. As a global climate innovator, Trane Technologies offers sustainable climate solutions through its brands Trane® and Thermo King®.

Trane Technologies (NYSE: TT) unveiled its zero-emission trailer refrigeration system at the Solutrans trade show in Lyon, France. The AxlePower technology integrates an electric refrigeration unit and efficient battery storage, ensuring optimal cargo temperature sustainably. This innovation meets the growing demand for safe food and medicine transport while reducing energy costs and emissions. The system is compatible with various power sources and currently in testing. Trane commits over $100 million to develop fully electric cold chain solutions by 2023 for EMEA and by 2025 for the Americas.