Here's Why Trane Technologies Stock is a Great Pick Right Now

Zacks10-15

Trane Technologies plc TT is a technology services provider that has performed extremely well over the past year and is poised to sustain momentum in the near term. Consequently, if you haven’t taken ...

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Consequently, if you haven’t taken ...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-trane-technologies-stock-155100750.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BGHQF417.EUR","symbol_name":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-trane-technologies-stock-155100750.html","article_id":"2475065413","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PMp4UVUHzUUr7AeGrAifTQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/47bf0ec2c8dbf5e89ef0cbc1924d28e3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475065413","pubTimestamp":1729007460,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Trane Technologies plc TT is a technology services provider that has performed extremely well over the past year and is poised to sustain momentum in the near term. Consequently, if you haven’t taken advantage of the share price appreciation yet, it’s time you add the stock to your portfolio.An Outperformer:A glimpse at the company’s price trend reveals that the stock has had an impressive run over the year. Shares of Trane Technologies have returned 94.6% compared with the 57.4% growth of theindustryit belongs to and the 32.4% rise of the Zacks S&P 500 composite.Solid Rank: TT currently carries a Zacks Rank #2 .Our research shows that stocks with a Zacks Rank #1  or 2 offer attractive investment opportunities for investors.Inthe second quarter of 2024, TT recorded a backlog of $7.5 billion, increasing 19% on an organic basis from the preceding quarter. Such a strong backlog will support Trane Technologies' growth through 2024","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BGHQF417.EUR":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","ACCD":"Accolade, Inc.","BK4504":"桥水持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU2211817866.USD":"Allianz Food Security AT Acc USD","BK4528":"SaaS概念","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","BK4023":"应用软件","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0323239441.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AC\" ACC","BK4086":"建筑产品","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","DOCU":"Docusign","BK4585":"ETF&股票定投概念","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2089279066.USD":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC","BK4196":"保健护理服务","TT":"Trane技术","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2229751404.USD":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","BK4588":"碎股","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","IE00B3CCJ633.GBP":"GUINNESS SUSTAINABLE ENERGY \"C\" (GBP) ACC","IE00B2PGVK34.USD":"GUINNESS SUSTAINABLE ENERGY \"C\" (USD) ACC"},"translate_title":"这就是为什么特灵科技股票现在是一个不错的选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOCU":1,"ACCD":1,"TT":0.9},"content_text":"Trane Technologies plc TT is a technology services provider that has performed extremely well over the past year and is poised to sustain momentum in the near term. Consequently, if you haven’t taken advantage of the share price appreciation yet, it’s time you add the stock to your portfolio.\nWhat Makes TT an Attractive Pick?\nAn Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the year. Shares of Trane Technologies have returned 94.6% compared with the 57.4% growth of the industry it belongs to and the 32.4% rise of the Zacks S&P 500 composite.\nImage Source: Zacks Investment Research\nSolid Rank: TT currently carries a Zacks Rank #2 (Buy).Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or 2 offer attractive investment opportunities for investors.\nNorthward Estimate Revisions: Three estimates for 2024 moved north in the past 60 days versus no southward revision, reflecting analysts’ confidence in the company. The Zacks Consensus Estimate for 2024 earnings has moved up 1% in the past 60 days.\nPositive Earnings Surprise History: TT has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 8.1%.\nStrong Growth Prospects: The Zacks Consensus Estimate for Trane Technologies’ 2024 revenues is pegged at $19.6 billion, indicating 10.6% year-over-year growth.The Zacks Consensus Estimate for 2024 earnings is pegged at $10.9 per share, suggesting a 20.4% year-over-year rise.\nGrowth Factors: Trane Technologies' proactive initiative toward sustainability is commendable, as it includes a commitment to reduce embodied carbon by 40% by 2030, an industry first. This effort underscores the company's leadership in sourcing low-carbon materials and embracing circular design principles. By collaborating with suppliers and emphasizing the decarbonization of HVAC systems, Trane is advancing its 2030 Sustainability Commitments and the Gigaton Challenge, reinforcing its role as a leader in climate innovation and significant greenhouse gas reductions.\nTrane Technologies’ commitment to rewarding shareholders through dividends is commendable. The company has demonstrated a strong track record, paying dividends since 1910. TT paid $683.7 million in dividends in 2023, up from $620.2 million in 2022 and $561.1 million in 2021. In the fourth quarter of 2024, TT declared a quarterly dividend of 84 cents per ordinary share, or $3.36 per share annualized. The dividend is payable on Dec. 31, 2024, to shareholders of record on Dec. 6, 2024. These consistent dividend initiatives significantly boost investor confidence and reflect the company's dedication to returning value to its shareholders.\nInthe second quarter of 2024, TT recorded a backlog of $7.5 billion, increasing 19% on an organic basis from the preceding quarter. Such a strong backlog will support Trane Technologies' growth through 2024 and 2025.\nOther Stocks to Consider\nSome other top-ranked stocks in the broader Zacks Business Services sector are Docusign DOCU and Accolade, Inc. ACCD.\nDocusign flaunts a Zacks Rank of 1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nDOCU has a long-term earnings growth anticipation of 9.3%. It has delivered a trailing four-quarter earnings surprise of 18.3%, on average.\nACCD too sports a Zacks Rank of 1 at present. It has a long-term earnings growth expectation of 11.4%.\nAccolade delivered a trailing four-quarter earnings surprise of 27.2%, on average.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTrane Technologies plc (TT) : Free Stock Analysis Report\nDocusign Inc. (DOCU) : Free Stock Analysis Report\nAccolade, Inc. (ACCD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475065413"}