Engulfing Line (Bullish)
|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||89.76 - 91.69|
|52 Week Range||70.00 - 138.36|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||2.12 (2.35%)|
|Ex-Dividend Date||Sep 03, 2020|
|1y Target Est||99.59|
AIMC vs. IR: Which Stock Is the Better Value Option?
Xylem (XYL) is likely to benefit from new products, innovation and focus on operational execution in the quarters ahead. However, soft end markets amid the coronavirus pandemic are concerning.
Thermo King®, a leader in transport temperature control solutions, and a brand of Trane Technologies (NYSE: TT), a global climate innovator, announced today the launch of the Advancer, a re-imagining of the trailer refrigeration unit. The product series, initially available for markets in Europe, Middle East, Latin America and Asia Pacific, offers new design architecture for a bold new standard for performance, temperature control, and fleet connectivity.
(Bloomberg Opinion) -- It’s summertime in America, and while there may or may not be a baseball season, some things don’t change. Hamburgers are still getting grilled, trips to national parks are being plotted and air conditioners are cranked on full blast.That last point is taking on new meaning as the country continues its reopening in the wake of the coronavirus pandemic. Even New York City — the region hardest hit by the pandemic and the last in the country to emerge from lockdown — is on track to allow people to interact again in non-essential indoor venues starting Monday. Barber shops, retail stores and offices will be able to reopen, with some restrictions and safeguards, and the HVAC systems that keep them cool and ventilated will come whirring back to life. Chances are you didn’t give much thought to those HVAC systems in the before-times, as long as they appeared to be working. Now, with a potentially deadly virus that spreads via airborne droplets still circulating around the country, you might be wondering, are air conditioners safe?The short answer is yes, with the irritating caveat that it depends on the HVAC system and the circumstances of the space. The most tricked-out, sophisticated air-conditioner money can buy isn’t going to make much of a difference if people are packed in like sardines on a subway car or at a concert venue and an infected person starts coughing. But the presence of air conditioning likely doesn't in and of itself increase your risk of getting the coronavirus. In fact, combined with social distancing, personal hygiene and face masks, proper ventilation and humidity control are actually great tools for guarding against infection. A typical air-conditioner system works by taking in a certain percentage of air from the outside and mixing it with air that’s recirculated from within the building. When you’re trying to combat a virus, you want more air to come in from the outside, where it’s unaffected by whatever sneezes or coughs may be happening in a certain corner of the office. But even the recirculated air gets passed through a filter before it’s spat out from one room to the next. The gold standard is a high-efficiency particulate air (HEPA) filter and the next best thing is a filter with a minimum efficiency reporting value (MERV) of at least 13 (higher numbers are better), both of which are capable of capturing small particles such as viruses.A study published on the Centers for Disease Control and Prevention’s website linked the spread of the coronavirus among patrons of a Guangzhou, China, restaurant to air conditioners. But a followup analysis showed there was no outdoor air supply; that particular air conditioner was operating only with recirculated air, according to William Bahnfleth, a professor of architectural engineering at Pennsylvania State University and the chair of the epidemic taskforce for the American Society of Heating, Refrigerating and Air-Conditioning Engineers.“When we see reports of super-spreading events that apparently involve air conditioning, it usually means there’s little or no ventilation in the space,” Bahnfleth said in a phone interview. Unlike other pathogens such as tuberculosis, Covid-19 doesn’t appear to be so infectious that it can spread between people in different parts of a building via air that’s been diluted through ventilation and filtration, he said. “Infection is analogous to being poisoned,” Bahnfleth said. “You can have one drink and you’re fine, but if you drink a whole bottle of hard liquor, you may die. With pathogens, it’s similar. It takes a certain number of them to have a high probability of getting an infection. If you can reduce the concentration in the air, then the rate at which you can be exposed drops.” The good news is that in the U.S., there are already minimum standards for ventilation based on square footage and expected occupancy. These usually evolve out of recommendations from the ASHRAE trade organization and are set by local governments as part of the building code. While there are discrepancies between regions — California, for example, is one of the most progressive in terms of air-quality requirements — these basic standards are “reasonably protective,” Bahnfleth said. That’s why the most important step for any business is to do a full checkup and proper maintenance of existing systems before they start letting people back into their building, Chris Nelson, president of Carrier Global Corp.’s HVAC division, said in a phone interview.Carrier, Trane Technologies Plc and other HVAC companies are offering indoor air-quality tests and restart services for buildings that have gone unoccupied for long stretches. This can help companies assess whether they’re getting proper air distribution and the appropriate influx of outside air, and to ensure filters are clean. When it comes to evaluating what upgrades are necessary, “rather than say here's the ‘right’ solution, we want to look at your system and equipment and see how the building operates,” Andrew Mondell, Trane’s business development manager for New York City, said in a phone interview. “Then we can think about what's possible and how it fits into budget constraints.”The free fix if you’re not getting enough ventilation is to just open the windows, although clearly that’s easier said than done in hot and humid places such as Texas and Florida, where restaurant-goers might complain that they didn’t order a side of sweat with their fries. “As people are coming back to work and businesses are recovering, we’re cognizant of offering options people can afford right now,” Nelson of Carrier said. One such relatively pain-free and cheap upgrade is to change your filters to a higher efficiency, depending on the capabilities of your particular system. Another is to adjust an HVAC system’s parameters to increase the amount of air coming in from the outside relative to the amount that’s recirculated. How easy this is depends on the particular system but for many, it's a simple tweak with the help of a professional.The next level up is to look into an air scrubber with a HEPA filter. Carrier’s version is the OptiClean Negative Air Machine, which Nelson says has drawn interest from health-care institutions and for the common areas of hotels and universities. It can also be used to create pressure that prevents air from spreading between one area and another. Because these machines are portable, there’s not much in the way of installation costs, so it can be a relatively inexpensive investment. You can also add virus-killing ultra-violet light filters or other air-cleaning technology such as bipolar ionization to your HVAC system for another layer of protection. The cost of something like that scales pretty dramatically based on the type of equipment and size of a building, from maybe a few thousand dollars for smaller, simpler jobs to many times that for a massive office building, says Trane’s Mondell. If you’re really hitting a wall on more basic ventilation and filtration fixes, you may want to replace your HVAC system with a more modern one, which is usually the most expensive route. For consumers, this all sounds great in theory, but how do you know what businesses have made these assessments and upgrades and which haven’t? The truth is, without a technical background and a look inside the HVAC system, you don’t. But there are some things you can watch out for. Odor or mustiness can be a sign of poor ventilation. While some window AC units do allow for ventilation, they typically aren’t very effective at bringing in outside air, Bahnfleth said. So if a business relies on one and isn’t doing something else to dilute the concentration of potential virus particles in the air like opening windows or limiting occupancy, that can be a worry point. Bathrooms sometimes get shoved in wherever they fit, particularly in smaller enterprises, and often aren’t well-ventilated. A study published this week in the journal Physics of Fluids found that flushing the toilet can create a cloud of aerosol droplets that rises nearly three feet and may linger in the air or land on nearby surfaces, according to the New York Times. Keeping the exhaust fan running should help, Mondell said, and the bathroom could also be a good spot for an air-scrubber. The net of it, though, is that when it comes to both the coronavirus specifically and health and well-being overall, it’s better to have a good air-conditioning system than to not have one.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
If economic activity continues to grow, the tailwind for cyclical stock outperformance should too, says Morgan Stanley. These 40 stocks could stand to benefit.
Trane Technologies plc (NYSE:TT), a global climate innovator, held its 2020 Annual General Meeting of shareholders in Davidson, North Carolina.
Premier Trailer Leasing, a leading national trailer leasing and rental company, today announced it will partner with its long-time supplier, Thermo King, to help combat hunger during the COVID-19 pandemic. Premier will provide free rental of up to 40 Thermo King refrigerated trailers to Feeding America. Thermo King is also contributing funds to Feeding America foodbanks through its We Move Food grant program.
As businesses prepare to increase building occupancy, Trane® – by Trane Technologies (NYSE: TT), a global climate innovator – recently introduced a new suite of services to help building owners and operators bring people back indoors with confidence.
As countries around the world work to contain the spread of COVID-19 and prepare to reopen, Trane Technologies (NYSE: TT) is addressing critical needs for healthier air quality in buildings, hospitals and homes and safe transport for food and medicine.
The former United Technologies business says global warming, increased urbanization, and a growing middle class should drive demand for its heating and cooling products.
Mike Lamach, chairman and chief executive officer, Chris Kuehn, senior vice president and chief financial officer, and Zac Nagle, vice president investor relations of Trane Technologies (NYSE:TT), a global climate innovator, will participate in a virtual fireside chat at 11:20 a.m. ET, Friday, May 15, 2020.
Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $0.21 for the first quarter of 2020. Adjusted continuing EPS was $0.43, which excludes planned restructuring and transformation costs of $36.5 million, non-cash legacy legal liability adjustment of $17.4 million and non-cash separation-related tax adjustments of $40.3 million.
Citing a low valuation relative to peers, J.P. Morgan analyst Stephen Tusa on Monday initiated coverage of (CARR) a leading maker of cooling and heating systems, with an Overweight rating. “The stock is cheap at ~10x trough EPS, the only one in the sector at that level, with a discount (65%) versus directly comparable peers rarely seen, the basis for our view that the stock could double over the next 12 months,” Tusa wrote in a 56-page report. Carrier (ticker CARR), whose shares were up 4%, to $14.30, in early trading Monday, trades for about 10 times the Wall Street consensus estimate of $1.40 a share for 2020.
Ingersoll Rand Inc., (NYSE: IR) a global provider of innovative and mission-critical industrial, energy, medical and specialty vehicle products and services, will host a business overview and integration update conference call on Wednesday, April 15 at 10:00 a.m. EST.
The Board of Directors for Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.53 cents per ordinary share, payable June 30, 2020, to shareholders of record on June 5, 2020.
Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its first quarter financial results on Tuesday, May 5, 2020, at 10 a.m. ET. The company will issue its first quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Trane Technologies CEO Michael Lamach is building a company focused on eliminating carbon emissions from air-conditioning and refrigeration.
Mike Lamach, chairman and chief executive officer, Chris Kuehn, senior vice president and chief financial officer, and Zac Nagle, vice president, investor relations of Trane Technologies plc (NYSE:TT) will participate in a virtual fireside chat at 11:00 a.m. ET, Wednesday, March 11, 2020.
Gardner Denver’s merger with the industrial segment of the old Ingersoll Rand means pay raises and bonuses for the top executives of the newly formed company as they move to its new headquarters in Davidson.
Trane Technologies, with its corporate office in Davidson, has slimmed down to 36,000 workers worldwide from about 50,000 two months ago. Find out why CEO Michael Lamach calls that a major growth strategy.