Published on 23 Nov 2022 on Insider Monkey via Yahoo Finance
Is Trane Technologies plc (TT) an Attractive Investment?
ClearBridge Investments, an investment management company, released its “ClearBridge Sustainability Leaders Strategy” third 2022 investor letter. A copy of the same can be downloaded here. The strategy outperformed its benchmark in the third quarter, the Russell 3000 Index. Only the industrial sector contributed positively to the strategy’s absolute performance among the ten sectors the strategy invested in. The significant performance detractors were materials, consumer discretionary, and real estate sectors. In addition, please check the fund’s top five holdings to know its best picks in 2022.
ClearBridge Investments highlighted stocks like Trane Technologies plc (NYSE:TT) in the third quarter 2022 investor letter. Headquartered in Swords, Ireland, Trane Technologies plc (NYSE:TT) provides solutions for heating, ventilation, air conditioning, and transport refrigeration. On November 22, 2022, Trane Technologies plc (NYSE:TT) stock closed at $178.76 per share. One-month return of Trane Technologies plc (NYSE:TT) was 16.11%, and its shares lost 8.60% of their value over the last 52 weeks. Trane Technologies plc (NYSE:TT) has a market capitalization of $41.17 billion.
ClearBridge Investments made the following comment about Trane Technologies plc (NYSE:TT) in its Q3 2022 investor letter: