Analysis of Trane Technologies plc (TT)’s performance, earnings and valuation

At the time of writing, Trane Technologies plc [TT] stock is trading at $159.12, up up 2.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TT shares have lost -3.79% over the last week, with a monthly amount drifted -4.70%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Trane Technologies plc [NYSE: TT] stock has seen the most recent analyst activity on July 08, 2022, when Cowen upgraded its rating to a Outperform but kept the price target unchanged to $180 for it. Previously, Wolfe Research reaffirmed its Peer Perform rating on February 01, 2022, and dropped its price target to $202. On February 01, 2022, Wells Fargo reiterated its Underweight rating and revised its price target to $174 on the stock. Mizuho reiterated its Neutral rating and decreased its price target to $180 on February 01, 2022. Deutsche Bank reiterated its recommendation of a Hold and reduced its price target to $184 on February 01, 2022. Credit Suisse reiterated a Outperform rating for this stock on February 01, 2022, and downed its price target to $204. In a note dated February 01, 2022, Citigroup reiterated an Buy rating on this stock and revised its target price from $242 to $228.

For the past year, the stock price of Trane Technologies plc fluctuated between $120.64 and $204.23. Currently, Wall Street analysts expect the stock to reach $162.30 within the next 12 months. Trane Technologies plc [NYSE: TT] shares were valued at $159.12 at the most recent close of the market. An investor can expect a potential return of 2.0% based on the average price forecast.

Analyzing the TT fundamentals

According to Trane Technologies plc [NYSE:TT], the company’s sales were 4.19 billion in the recent quarter, which represents an 9.40% jump. Gross Margin for this corporation currently stands at +31.63% with Operating Margin at +14.46%, Pretax Margin comes in at +12.67%, and Net Margin reading is +10.21%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 156.35 points at the first support level, and at 153.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.57, and for the 2nd resistance point, it is at 162.02.

Trane Technologies plc [TT] reported earnings per share of $1.12 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.99/share, meaning a difference of $0.13 and a surprise factor of 13.10%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $1.36 per share as compared to estimates of $1.31 per share, a difference of $0.05 representing a surprise of 3.80%.

Ratios To Look Out For

It is important to note that Trane Technologies plc [NYSE:TT] has a current ratio of 1.10. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 3.46, the price to book ratio is 7.60 and the P/E (TTM) ratio is 24.94.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 2 insider sellings of 1,714 shares. Recent insider trading involved AVEDON MARCIA J, Executive Vice President, that happened on Mar 03 when 11821.0 shares were sold. Senior Vice President, SULTANA KEITH A completed a deal on Feb 10 to sell 278.0 shares. Meanwhile, Executive Vice President AVEDON MARCIA J sold 822.0 shares on Feb 10.