10 Best European Stocks To Buy According to Billionaires

7. Trane Technologies plc (NYSE:TT)

Number of Billionaires: 14

Trane Technologies plc (NYSE:TT) is a global climate innovator specializing in efficient and sustainable climate solutions for buildings, homes, and transportation. Through its strategic brands, Trane and Thermo King, the company offers a comprehensive portfolio of environmentally responsible products and services that cater to a wide range of clients across various end markets.

In December 2024, Trane Technologies plc (NYSE:TT) announced a new $5 billion share repurchase program, reflecting its robust financial health and commitment to returning value to shareholders. TT is one of the best European stocks billionaires are investing in.

Innovation remains a key focus for Trane Technologies. The recent acquisition of BrainBox AI, a leader in autonomous HVAC controls and generative AI technology, illustrates the company’s commitment to cutting-edge solutions. By integrating BrainBox AI’s technology with its existing capabilities, Trane aims to enhance building management and reduce emissions, aligning with the growing demand for sustainable solutions.

As of March 14, 2025, Trane Technologies plc (NYSE:TT) is trading at $347.32, reflecting a 0.02485% increase from the previous close. The stock reached an all-time high of $407.32 in November 2024, marking an 83.06% increase over the past year.

Barclays recently reiterated a Buy rating on Trane Technologies plc (NYSE:TT). Over the past month, TT shares declined 6.13%, however, outperformed the broader Construction sector’s 8.64% loss. The company reported a trailing twelve-month (TTM) revenue of $19.84 billion, marking a 12.22% year-over-year increase. Trane has delivered a 138.27% return over three years, reflecting its robust growth. Analysts remain optimistic, with 26 ratings and a 23% Buy consensus. Investors await the upcoming earnings disclosure for further insight into its performance and future outlook.