The Edge Group LLC - Trane Technologies Plc (TT) Hold for Increased Traction Post-Lockdown

Report

The Edge Group LLC

Alexander Korda

EUR 88.49 For Business Accounts Only

Hold for Increased Traction Post-Lockdown

Resilient financials and liquidity as well as sustained bookings in the Americas highlighted the positives of Trane Technologies Plc's (TT) earnings that also saw the suspension of guidance and impacted operations due to the Coronavirus pandemic. Bookings were primarily hit in the EMEA and Asia Pacific regions, and the management has opted to not pursue share repurchases in order to conserve its liquidity going forward. We believe TT will see increased traction once the global lockdown eases.

Q1FY20 Earnings Impacted by Coronavirus Pandemic / Missed Consensus Estimates
Management Suspends 2020 Guidance to Re-Evaluate Over Next Quarter's Earnings
Strong Financials & Liquidity / Bookings in Americas Remain Resilient
Conserving Liquidity by Opting Out of 1H 2020 Share Repurchases
Target Price Revised / TT is a Current ESR Model Portfolio Holding

07/05/2020 2 EN

Underlying

Trane Technologies Plc

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Provider

The Edge Group LLC

The Edge Group - Global Fundamental Catalyst Investing. The Edge provides investors with access to hidden corporate value from Global Special Situations using a pioneering approach to investments. Founded in 2005 by fund management and investment banking professionals to provide high quality, private equity-level research on Global Corporate Divestitures for the benefit of fundamental event-driven, growth and value-oriented investors in this difficult to track, but proven investment space.

The Edge will look to screen and analyze include Spinoffs; Reverse Morris Trusts; Squeeze Outs; Privatizations; Demutualization; Deep Discounted; Rights Issues; Rights Offering; Restructuring; Insider Purchases / Buying Change of Management / CEO Change; Deteriorating fundamentals; Post-Bankruptcy; Reorganization; Tender Offer; M&A Deals; Secondary Offering; Share Swap; Thrift Conversions; Share Buybacks; Activist; Mergers. All analyzed from a fundamental point of view.

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Analysts

Alexander Korda

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Hold for Increased Traction Post-Lockdown

Monthly LMI Update Independent Investment Research

Vital Signs: Actionable charts

Trane Technologies’ Thermo King Manufacturing Production Line is Among the First in Europe to be ISO-Certified as Carbon Neutral

+20% Rally Since May 28 Entry, Revised Valuation Shows Further Upside

Significant Upside Ahead for Major Games Publisher

Industrials Stocks Exit the MP with 37% and 54% Returns

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