Trane Technologies (TT) is a Top-Ranked Growth Stock: Should You Buy?

Company Overview - Trane Technologies is a designer, manufacturer, seller, and servicer of climate control products for HVAC and transport solutions, founded in 1885 and headquartered in Swords, Ireland [11] - The company generates approximately 72% of its revenues from the United States, with the remainder coming from over 100 other countries, and no single customer accounts for more than 10% of revenues [11] Investment Potential - Trane Technologies holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [12] - The company is particularly appealing to growth investors, with a Growth Style Score of A and a forecasted year-over-year earnings growth of 23.5% for the current fiscal year [12] - In the last 60 days, five analysts have revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.08 to$11.16 per share [12] - Trane Technologies has an average earnings surprise of 7.9%, further enhancing its attractiveness to investors [12][13]