Trane Technologies plc, a company specializing in heating, ventilation, and air conditioning systems, has been given a Buy rating by UBS due to its strong position in the air conditioning equipment market.
Trane operates under the Trane and Thermo King brands and generates most of its revenue from equipment sales. Services and spare parts also contribute to its revenue.
Trane Technologies has 39 production sites worldwide, with the majority of its net sales coming from the Americas, followed by Europe, the Middle East, and Africa, and the Asia-Pacific region.