Trane Co. - Specimen Stock Certificate
Inv# SE2296 Stock
Wisconsin
Specimen Stock printed by American Bank Note Company. Trane is a manufacturer of heating, ventilation, and air conditioning (HVAC) systems, along with building management systems and controls. The company is a subsidiary of Trane Technologies, a company focused on manufacturing HVAC and refrigeration systems. Trane employs more than 29,000 people at 104 manufacturing locations in 28 countries, and has annual sales of more than US$8 billion.
In 1885, James Trane, a Norwegian immigrant from Tromsø, opened his own plumbing and pipe-fitting shop in La Crosse, Wisconsin. He designed a new type of low-pressure steam heating system, Trane vapor heating. Reuben Trane, James' son, earned a mechanical engineering degree (B. S. 1910) at the University of Wisconsin–Madison and joined his father's plumbing firm. In 1913, James and Reuben incorporated The Trane Company. By 1916, the Trane's were no longer in the plumbing business, but instead focused their attention on manufacturing heating products. Reuben's invention of the convector radiator in 1923, which replaced the heavy, bulky, cast-iron radiators that prevailed at the time, was a major success. Trane's first air conditioning unit was developed in 1931. Read more at https://en.wikipedia.org/wiki/Trane_Technologies
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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