Here's Why Trane Technologies (TT) is a Strong Momentum Stock

Company Overview - Trane Technologies, founded in 1885 and headquartered in Swords, Ireland, specializes in designing, manufacturing, selling, and servicing climate control products for heating, ventilation, air conditioning, and transport solutions [7] - The company generates approximately 72% of its revenues from the United States, with the remainder coming from over 100 other countries, ensuring no single customer accounts for more than 10% of revenues [7] Investment Ratings - Trane Technologies holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating a favorable investment outlook [7] - The company has a Momentum Style Score of B, with shares increasing by 1.6% over the past four weeks, making it attractive for momentum investors [7] Earnings Estimates - For fiscal 2024, two analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $10.89 per share [8] - Trane Technologies boasts an average earnings surprise of 8.1%, reflecting its strong performance relative to expectations [8]