2024-05-31 05:35:55 ET
Summary
- Trane Technologies operates in the HVAC business under well-known brands like Trane and Thermo King.
- The company focuses on sustainable technologies and has a stable revenue stream from maintenance and repair services.
- While the company deserves a premium valuation over its peers, the multiples have gotten ahead of themselves.
- As such, I would caution investors before taking a position today to weigh the risks of what’s being priced in versus the upside potential.
Introduction
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For further details see:
Trane Technologies: This Steaming Valuation Needs To Cool Down Before I Buy