Trane Technologies PLC Class A
TT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $186.00 | Qfkhrs | Ptyvhjs |
Trane's Large Backlog Gives Us Confidence It Can Grow Sales in 2023 Despite Economic Uncertainty
Business Strategy and Outlook
In early 2020, Ingersoll Rand spun off its industrial segment, which immediately merged with Gardner Denver. This new entity assumed the Ingersoll Rand name and stock ticker. Legacy Ingersoll Rand's climate segment was renamed Trane Technologies. We had long viewed legacy Ingersoll Rand's climate business as more attractive than its industrial segment because the former has generally been more profitable and less cyclical.