Is Wall Street Bullish or Bearish on Trane Technologies Stock?

Valued at a market cap of $99.8 billion, Trane Technologies plc (TT) is a global climate technologies company. The Swords, Ireland-based company designs and manufactures heating, ventilation, air conditioning (HVAC), refrigeration, and energy-efficient building solutions for commercial, residential, industrial, and transportation markets.

Shares of this industrial manufacturing company have trailed the broader market over the past 52 weeks. TT has gained 5.1% over this time frame, while the broader S&P 500 Index ($SPX) has soared 25.1%. Moreover, on a YTD basis, the stock is up 16.1%, compared to SPX’s 8.6% return.