Jim Cramer Discussed These 6 Stocks Recently

3. Trane Technologies plc (NYSE:TT)

Number of Hedge Fund Holders: 65

A caller asked Cramer’s thoughts on Trane Technologies plc (NYSE:TT) and Cramer replied:

“TT is absolutely terrific. We’ve had them on the show. They really know what they’re doing. I like ‘em. I [will] give you a twofer. You mentioned Florida West Palm, that is right where Carrier is, Dave Gitlin. Both stocks are excellent.”

Trane Technologies (NYSE:TT) designs, manufactures, and services a wide range of HVAC and refrigeration solutions, including air conditioning systems, heating units, energy recovery products, and refrigeration equipment for various sectors, while also offering energy efficiency programs, digital controls, and maintenance services.

Aristotle Atlantic Partners, LLC stated the following regarding Trane Technologies plc (NYSE:TT) in its Q4 2024 investor letter:

“Trane Technologies plc (NYSE:TT) detracted from performance in the fourth quarter of 2024. The company reported better than expected revenue and earnings growth at the end of October. The stock declined in December despite two investor conferences early in the month where the company reiterated expectations that current strong trends in commercial HVAC will continue into 2025, the service business is continuing to experience low double-digit growth, and the residential business is expected to improve from a lull in 2024. Higher interest rates have been a drag on industrial stock performance generally in December. Strength in the US dollar in 2025 will impact large cap companies like Trane, which have international exposure.”