Trane Technologies(TT) ZACKS·2025-05-08 17:00Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Trane Technologies (TT) - Trane Technologies currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, TT shares have increased by 14.83%, outperforming the Zacks Building Products - Air Conditioner and Heating industry, which rose by 7.6% [5] - In a longer timeframe, TT's monthly price change is 18.8%, compared to the industry's 9.38% [5] - Over the last quarter, TT shares have risen by 12.6%, and over the past year, they have increased by 24.31%, while the S&P 500 has seen declines of -6.34% and a modest increase of 9.94%, respectively [6] Trading Volume - The average 20-day trading volume for TT is 1,585,443 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 5 earnings estimates for TT have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from 12.88 [9] - For the next fiscal year, 7 estimates have moved upwards with no downward revisions, indicating a positive earnings outlook [9] Conclusion - Considering the positive momentum indicators and earnings revisions, TT is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]