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Trane Technologies Shares Heating Up on Big Money Buys

By:
Lucas Downey
Published: May 8, 2024, 20:37 GMT+00:00

Trane Technologies plc (TT) shares are up 34% this year. It’s clear why the heating and cooling company is rising – Big Money investors have been buying the stock for a while.

Wall st NYSE, FX Empire

In this article:

Trane Technologies Rises on Big Money Accumulation

Institutional volumes reveal a lot. In the past year, our proprietary signals indicate TT has enjoyed a surge in demand. We believe this to be strong institutional support.

Each green bar signals unusual trading action in TT stock. The green color indicates our proprietary inflow signal:

Source: www.mapsignals.com

Plenty of industrials names are under accumulation right now. But when you dive into the fundamentals, there’s a special tailwind going on with Trane Technologies.

Trane Technologies Fundamental Analysis

Institutional support and healthy fundamentals make this company interesting. As you can see, TT has had positive sales and EPS growth in recent years:

  • 3-year sales growth rate (+12.4%)
  • 3-year EPS growth rate (+37.1%)

Source: FactSet

The one-year EPS outlook is estimated to increase by +11.8%.

Now it makes sense why the stock has been powering to new heights. TT is gaining due to its hot earnings.

Combining great fundamentals with our proprietary software has found some big winning stocks over the long term.

TT has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report several times. The blue bars below show when TT was a top pick…plotting a beautiful uptrend.

Source: www.mapsignals.com

Tracking unusual volumes is a great way to discover heavy demand.

This is a trait that most superstar stocks exhibit. Outlier stocks are bought relentlessly by Big Money.

Trane Technologies Price Prediction

The TT rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in TT at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor looking to take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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