At the time of writing, Trane Technologies plc [TT] stock is trading at $291.94, up 2.10%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TT shares have gain 1.56% over the last week, with a monthly amount glided 8.38%, and 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 October 06, 2023, when JP Morgan upgraded its rating to a Neutral but kept the price target unchanged to $191 for it. Previously, BofA Securities upgraded its rating to Neutral on October 05, 2023, and elevated its price target to $210. On September 15, 2023, HSBC Securities initiated with a Buy rating and assigned a price target of $256 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. UBS upgraded its rating to a Buy and raised its price target to $200 on January 04, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on December 21, 2022, but kept the price target unchanged to $180. In a note dated December 12, 2022, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $160.
For the past year, the stock price of Trane Technologies plc fluctuated between $162.04 and $289.79. Currently, Wall Street analysts expect the stock to reach $192.44 within the next 12 months. Trane Technologies plc [NYSE: TT] shares were valued at $291.94 at the most recent close of the market. An investor can expect a potential drop of -34.08% based on the average TT price forecast.
Analyzing the TT fundamentals
According to Trane Technologies plc [NYSE:TT], the company’s sales were 17.68B for trailing twelve months, which represents an 8.60% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.31 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 289.02 points at the first support level, and at 286.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 294.66, and for the 2nd resistance point, it is at 297.38.
Trane Technologies plc [TT] reported earnings per share of $2.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.13/share, meaning a difference of $0.04 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.79 per share as compared to estimates of $2.66 per share, a difference of $0.13 representing a surprise of 4.90%.
Ratios To Look Out For
It is important to note that Trane Technologies plc [NYSE:TT] has a current ratio of 1.13. Further, the Quick Ratio stands at 0.78, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 3.75, the price to book ratio is 9.48 and price to earnings (TTM) ratio is 33.24.
Transactions by insiders
Recent insider trading involved Regnery David S, Chair and CEO, that happened on Mar 06 ’24 when 9782.0 shares were sold. Executive Vice President & CFO, Kuehn Christopher J completed a deal on Mar 06 ’24 to sell 3762.0 shares. Meanwhile, Chair and CEO Regnery David S sold 6990.0 shares on Mar 05 ’24.
