Core Insights - Trane Technologies plc (NYSE:TT) is recognized as one of the 12 Best HVAC Stocks to Buy Now [1] - Oppenheimer analyst Noah Kaye raised the price target for Trane Technologies to $468 from $460, maintaining an Outperform rating following a strong fourth-quarter performance [2] Financial Performance - Trane reported fourth-quarter results that exceeded Wall Street expectations, with revenue increasing 6% year over year to $5.15 billion, surpassing the consensus estimate of $5.09 billion [3] - Adjusted earnings from continuing operations were $2.86 per share, above the expected $2.81, while net income rose to $624 million, or $2.74 per share, compared to $607 million, or $2.67 per share, a year earlier [3] Bookings and Demand - Total bookings for Trane climbed 24% to $5.76 billion, with organic bookings up 22%, and backlog reached a record $7.8 billion, up 15% from the end of 2024 [4] - In the Americas segment, bookings totaled $4.65 billion, up 27%, with organic bookings increasing 26%, driven by strong demand in commercial HVAC [5] - The applied book-to-bill ratio reached 200%, indicating continued strength in demand, particularly in commercial HVAC where applied equipment bookings surged over 120% [5] Company Overview - Trane Technologies operates as a global climate innovator, providing climate solutions through brands like Trane and Thermo King across various markets [6]