Trane Technologies (TT) Stock

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a leader in climate solutions, has finalized its purchase of BrainBox AI, a company known for its innovative HVAC control systems and AI technology for buildings. This acquisition was first revealed in a press release on December 18, 2024. BrainBox AI employs sophisticated deep learning techniques to forecast energy requirements for buildings and automate HVAC systems, leading to energy savings of up to 25%.

This catalyst led to a rise in Lennox's shares by over 40%, and Trane Technologies' stock increased by more than 55%, significantly outperforming the S&P 500's rise of over 25%. Lennox is a top company in energy-efficient climate-control solutions. This year, there has been a strong demand for its products, which include air conditioners, furnaces, heat pumps, and systems for indoor air quality.

TT gains advantages from tailored solutions that focus on customer needs and policies that are favorable to shareholders.

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE:TT), a leader in climate solutions, has been included in the S&P Dow Jones Sustainability World Index for the fourth year in a row and the North America Index for the fourteenth time. The company achieved a score in the 98th percentile within the Building Products sector in the S&P Global Corporate Sustainability Assessment (CSA score as of November 22, 2024), earning a perfect score of 100 in the Energy category, which showcases its outstanding performance.

If you're searching for strong growth stocks, your first thought might be to check the technology sector. This is a logical approach.

Trane Technologies (TT 0.06%) is having an excellent year without much fanfare. The company's stock has risen by 55% this year, significantly outperforming the S&P 500, which has increased by 23%.

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a leader in climate solutions, has confirmed that it will acquire BrainBox AI, a company known for its advanced HVAC control systems and AI technology for buildings. Based in Montreal, Canada, which is a key center for AI, BrainBox AI has created a top-notch platform for managing autonomous buildings. It is estimated that around 15% of worldwide greenhouse gas emissions are linked to heating.

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a worldwide leader in climate solutions, has named Mauro Atalla as the new Chief Technology and Sustainability Officer, starting January 5, 2025. Atalla will work under Chair and CEO Dave Regnery and will be responsible for overseeing product development, innovation, and sustainability efforts for Trane Technologies around the world. "We are thrilled to have Mauro join us as our Chief Technology and Sustainability Officer."

SWORDS, Ireland--(BUSINESS WIRE)--The Board of Directors of Trane Technologies plc (NYSE:TT), a global leader in climate solutions, has approved a new share buyback program worth up to $5 billion, which will start after the current $3 billion program ends. As of October 31, 2024, there is about $1.5 billion left in the 2022 program. "This announcement shows our solid financial health, available cash, and ongoing belief in our capacity to produce strong free cash flow in the future."