Trane Technologies (TT): A Secular Long-Term Growth Play

Nelson Roberts Investment Advisors, an employee-owned investment advisory firm that provides asset and wealth management published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. The Firm’s focal point and target is to maintain a long term value and growth of assets over time. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.

Nelson Roberts Investment Advisors’ in their Q3 2020 Investor Letter talked about Trane Technologies plc (NYSE: TT). Trane Technologies plc is an industrial manufacturing company that currently has a $35.901 billion market cap. For the past 3 months, TT delivered a 13.95% return and settled at $149.51 per share at the closing of January 15th.

Here is what Nelson Roberts Investment Advisors has to say about Trane Technologies plc in their Investor Letter:

“Trane Technologies is a dominant player in commercial and residential heating, ventilation, and air-conditioning (HVAC) systems, as well as in transportation refrigeration. HVAC providers may see an uptick in commercial HVAC business, as having updated ventilation in buildings will be essential for employees to safely return to offices. We expect air filtration, air-quality assessment, and touchless access control solutions to become larger market opportunities due not only to COVID-19, but also the smoke from the disastrous west coast wildfires. Longer term, the shift towards sustainability and energy efficiency provide additional tailwinds for the company.”

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Last December 2020, we published an article telling that Trane Technologies plc (NYSE: TT) was in 37 hedge funds’ portfolio, almost making it to its all time high statistics of 40. Trane Technologies plc delivered a 43.91% return for the past 12 months.

As of September 2020, Nelson Roberts Investment Advisors had a 70.9K share position in TT that amounted to $8.6 million. However, our calculations showed that Trane Technologies plc (NYSE: TT) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.