5 Inverse Jim Cramer Stocks to Buy Today

4. Trane Technologies plc (NYSE:TT)

Number of Hedge Fund Holders: 38    

Trane Technologies plc (NYSE:TT) is a building products firm based in Ireland. On August 16, during the Lighting Round of his show, the former Goldman Sachs employee underlined his bearish stance on the firm, advising his viewers to “get off this train” and asking them to invest in peers like Carrier instead. Trane stock is up over 18% in the past four weeks after the firm handsomely beat market estimates on earnings for the second quarter of 2022 and raised guidance numbers for the coming months. 

On August 15, BMO Capital analyst Joel Tiss maintained a Buy rating on Trane Technologies plc (NYSE:TT) stock and raised the price target to $180 from $155, backing the firm to benefit from a greater push toward air-quality assessments and retrofits.

At the end of the second quarter of 2022, 38 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Trane Technologies plc (NYSE:TT), the same as in the previous quarter worth $1.7 billion.

In its Q1 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Trane Technologies plc (NYSE:TT) was one of them. Here is what the fund said: 

“Trane Technologies plc (NYSE:TT), another energy efficiency play in the industrials sector that should benefit from trends highlighted in the REPowerEU energy security plan, was a top detractor for the quarter, mainly due to continued supply chain headwinds raising costs. We think there is a strong secular tailwind for the cost and emissions savings Trane provides: the company makes products that help reduce energy consumption and emissions for residential and commercial HVAC and transport refrigeration, the minimization of food waste and other perishable goods and the increased productivity for Trane’s customers. Trane Technologies plc (NYSE:TT) estimates ~15%-25% of all greenhouse gas emissions in the world are emitted through HVAC systems and buildings.”