A share price of Trane Technologies plc [TT] is currently trading at $387.38, up 0.64%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TT shares have gain 5.01% over the last week, with a monthly amount glided 10.46%, 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 September 06, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $425. Previously, JP Morgan upgraded its rating to Neutral on October 06, 2023, and kept the price target unchanged to $191. On October 05, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $210 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $256 on September 15, 2023. Oppenheimer initiated its recommendation with a Perform. UBS upgraded its rating to Buy for this stock on January 04, 2023, and upped its price target to $200. In a note dated December 21, 2022, BMO Capital Markets downgraded an Market Perform rating on this stock but restated the target price of $180.
Trane Technologies plc experienced fluctuations in its stock price throughout the past year between $184.02 and $387.71. Currently, Wall Street analysts expect the stock to reach $240.37 within the next 12 months. Trane Technologies plc [NYSE: TT] shares were valued at $387.38 at the most recent close of the market. An investor can expect a potential drop of -37.95% based on the average TT price forecast.
Analyzing the TT fundamentals
Trailing Twelve Months sales for Trane Technologies plc [NYSE:TT] were 18.83B which represents 12.81% growth. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.34 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.76.
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 385.08 points at the first support level, and at 382.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 389.61, and for the 2nd resistance point, it is at 391.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Trane Technologies plc [NYSE:TT] is 1.17. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 4.64, the price to book ratio is 12.60 and price to earnings (TTM) ratio is 38.30.
Transactions by insiders
Recent insider trading involved SULTANA KEITH A, Officer, that happened on Aug 01 ’24 when 1530.0 shares were purchased. Executive Vice President, Pittard Raymond D completed a deal on Aug 07 ’24 to sell 1805.0 shares. Meanwhile, Officer Pittard Raymond D bought 1805.0 shares on Aug 07 ’24.
