TT - Trane Technologies plc

NYSE - NYSE Delayed Price. Currency in USD
91.64
+1.35 (+1.50%)
At close: 4:03PM EDT
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Engulfing Line (Bullish)

Engulfing Line (Bullish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close90.29
Open90.41
Bid0.00 x 1300
Ask0.00 x 800
Day's Range89.76 - 91.69
52 Week Range70.00 - 138.36
Volume1,209,206
Avg. Volume1,708,025
Market Cap21.921B
Beta (5Y Monthly)1.37
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJul 28, 2020 - Aug 03, 2020
Forward Dividend & Yield2.12 (2.35%)
Ex-Dividend DateSep 03, 2020
1y Target Est99.59
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
26% Est. Return
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    (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. 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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. 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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. 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