13 Best Manufacturing Stocks to Buy Right Now

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8. Trane Technologies plc (NYSE:TT)

Number of Hedge Fund Holders: 56

Trane Technologies plc (NYSE:TT), a global leader in climate innovation, has strengthened its position in sustainable HVAC and refrigeration solutions with new AI-driven products and strong financial performance. Over the past five years, the company has transformed into a focused climate business, achieving a 12% compound annual revenue growth rate and delivering a 286% total shareholder return, outpacing the S&P 500.

In September 2025, the business announced two major AI-powered offerings, AI Control and ARIA, developed by its BrainBox AI Lab, which was acquired earlier this year. AI Control integrates HVAC optimization to cut heating and cooling energy costs by up to 25% while reducing carbon emissions by 40%. ARIA, a multilingual AI agent, enables facility teams to access real-time insights and recommendations for smarter building management. These innovations support the firm’s mission to advance energy efficiency and decarbonization in commercial buildings and refrigerated transport.

Trane Technologies plc (NYSE:TT)’s sustainability efforts remain central, with 237 million metric tons of customer carbon reductions since 2019 and a target of one billion metric tons by 2030 through its “Gigaton Challenge.” Financially, the corporation delivered record Q2 2025 bookings of $5.6 billion, an 18% increase in adjusted EPS year-over-year, and raised its full-year outlook to 9% revenue growth and approximately $13.05 EPS.

While management flagged a potential 20% decline in the residential HVAC market in Q3, about 15% of its business, investor confidence remains strong. Trane Technologies plc (NYSE:TT) also reinforced its shareholder commitment with a $0.94 quarterly dividend declared for September 2025.

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