Trane Technologies Reports Strong Q4, Backlog Reaches $6.75 Billion As Demand Remains Robust
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Financial Performance: Trane Technologies reported a 10% year-over-year revenue growth to $4.87 billion in Q4, exceeding expectations, with adjusted EPS rising 20% to $2.61 and a backlog of $6.75 billion.
Future Outlook: The company anticipates organic revenue growth of 7%-8% for FY25 and plans to deploy all excess cash to shareholders, having committed $2.5 billion in capital in 2024.
Analyst Views on TT
Wall Street analysts forecast TT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TT is 476.33 USD with a low forecast of 370.00 USD and a high forecast of 550.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
5 Hold
1 Sell
Moderate Buy
Current: 390.130
Low
370.00
Averages
476.33
High
550.00
Current: 390.130
Low
370.00
Averages
476.33
High
550.00
About TT
Trane Technologies PLC is an Ireland-based global climate innovator. Through its brands Trane and Thermo King, and its portfolio of products and services, it brings climate solutions to buildings, homes, and transportation. Its Americas segment serves customers in North America and Latin America and includes commercial heating, cooling, and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. Its EMEA segment serves customers in the Europe, Middle East and Africa region and includes heating, cooling and ventilation systems, services and solutions. Its Asia Pacific segment serves customers throughout the Asia Pacific region and includes heating, cooling and ventilation systems, services, and solutions. It also offers autonomous heating, ventilation and air conditioning controls and generative artificial intelligence building technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
