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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

West Branch Local School District To Complete Energy-Saving Upgrades for a More Resilient and Sustainable Future

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Trane Technologies (NYSE:TT) collaborates with West Branch Local School District in Beloit, Ohio to implement energy-saving infrastructure upgrades in three buildings, expecting to save over $200,000 annually. The project includes HVAC equipment replacement, LED lighting upgrades, and a thermal energy storage system. The district funded the improvements through federal Inflation Reduction Act funds and a performance contract with Trane. Additionally, Trane will introduce innovative STEM learning programs for students, supporting green and STEM careers.
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Trane Technologies Increases Dividend by 12 Percent

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Trane Technologies plc (NYSE:TT) has announced a 12% increase to the dividend, resulting in a quarterly dividend of $0.84 per ordinary share, or $3.36 per share annualized. The dividend is payable on March 29, 2024, to shareholders of record on March 1, 2024. The company's purpose-driven strategy, relentless innovation, and proven business operating system have enabled consistent delivery of a superior growth profile, strong margins, and powerful free cash flow. In 2023, Trane Technologies delivered free cash flow of $2.2 billion, or 103% of adjusted net earnings, and increased the dividend by 12%. Today's announcement further increases the dividend by an additional 12%, reflecting the company's continued confidence in its ability to generate strong free cash flow in the future and to pay a competitive dividend that grows with earnings over time.
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Trane Technologies Named to JUST 100, Fortune World’s Most Admired Companies and CDP’s A List

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Trane Technologies (NYSE:TT) has been named to the 2024 JUST 100, Fortune Magazine’s 2024 list of the World’s Most Admired Companies, and CDP’s A-List for the second consecutive year. The company has also received several other recognitions for climate action, transparency on climate change, and sustainability. Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge and its pledge to be net-zero by 2050.
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Trane Technologies to Present at the Citi Global Industrial Tech and Mobility Conference

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Trane Technologies plc (NYSE: TT) will participate in a fireside chat at the Citi Global Tech and Mobility Conference on February 20, 2023. The company's leadership will speak at 10:30 a.m. EST, and the webcast will be accessible on their website. An archive of the webcast will be available for 30 days after the event.
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Trane Technologies to Present at the Barclays Industrial Select Conference

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Trane Technologies plc (NYSE: TT) will participate in a fireside chat at the Barclays Industrial Select Conference on February 21, 2023. The live webcast will be accessible on their website, with an archive available for 30 days. Trane Technologies is a global climate innovator.
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Acepodia Announces FDA Clearance of Investigational New Drug Application for ACE2016, a First-in-Class Allogeneic Anti-EGFR Cell Therapy

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Acepodia (6976:TT) has received FDA clearance for its investigational new drug (IND) application for ACE2016, an allogeneic gamma delta 2 (γδ2) T cell therapy targeting epidermal growth factor receptor (EGFR) in patients with solid tumors. The Phase 1 clinical study is expected to begin in the second half of 2024, marking a significant milestone for the company's innovative cell therapy pipeline.
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Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2023 Results; Robust Bookings and Backlog Provide Strong Visibility Entering 2024

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Trane Technologies plc (TT) reported strong financial performance in the fourth quarter of 2023, with revenues of $4.4 billion, up 9 percent, and organic revenues up 6 percent. The company also achieved a 12 percent increase in organic bookings, with an adjusted EBITDA margin of 17.2 percent. Full-year 2023 revenues were $17.7 billion, up 11 percent, with adjusted continuing EPS of $9.04, up 23 percent. The company's strong financial performance positions it well for growth in 2024.
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Ask the Expert: Evolving Perspectives on Indoor Air Quality Management

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Trane expert Jeff Wiseman discusses the importance of balancing energy efficiency and indoor environmental quality in light of the COVID-19 pandemic and wildfires. He emphasizes the need to monitor and respond to pollutants such as carbon dioxide and volatile organic compounds to maintain a healthier indoor environment.
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Trane Technologies Partnering With Dublin City University's Access Program To Support Students Affected by Economic and Social Adversity

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Trane Technologies partners with Dublin City University (DCU) in their Accesseducation program, providing financial support, internships, and mentoring opportunities for students affected by economic and social adversity. Trane Technologies will contribute to the program over a four-year period, supporting scholarships and offering summer internships and volunteer mentors for the students. The partnership aims to uplift under-represented groups in the community by giving them access to STEM education and sustainability-focused careers.
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Trane Technologies Recognized for Sustainability Performance with Inclusion on Corporate Knights’ Global 100

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Trane Technologies (NYSE:TT) has been recognized as the leader in the Building Products industry and ranked 23rd overall in Corporate Knights' 2024 Global 100. The company's sustainable solutions and commitment to decarbonization have earned it this prestigious recognition. Trane Technologies has fulfilled its 2021 commitment to deliver fully electric, zero direct emission Thermo King refrigeration solutions in the EMEA region and shipped over one million HVAC units with low-carbon steel in the US. The company is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge and its pledge to be net-zero by 2050. Trane Technologies has also set industry-leading emissions reduction targets validated by the Science Based Targets Initiative (SBTi) and is taking action to advance gender parity and workforce diversity.
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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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