Trane Technologies plc [TT] stock is trading at $415.00, up 0.94%. 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 5.91% over the last week, with a monthly amount glided 4.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities downgraded its rating to Hold on October 31, 2024, and kept the price target unchanged to $405. On September 06, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $425 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $191 on October 06, 2023. BofA Securities upgraded its rating to a Neutral and raised its price target to $210 on October 05, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 15, 2023, and assigned it a price target of $256. In a note dated March 28, 2023, Oppenheimer initiated an Perform rating.
Trane Technologies plc [TT] stock has fluctuated between $221.22 and $416.86 over the past year. Currently, Wall Street analysts expect the stock to reach $264.25 within the next 12 months. Trane Technologies plc [NYSE: TT] shares were valued at $415.00 at the most recent close of the market. An investor can expect a potential drop of -36.33% based on the average TT price forecast.
Analyzing the TT fundamentals
Trane Technologies plc [NYSE:TT] reported sales of 19.39B for the trailing twelve months, which represents a growth of 11.43%. 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 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.35 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 0.69.
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 412.59 points at the first support level, and at 410.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 419.60, and for the 2nd resistance point, it is at 424.19.
Ratios To Look Out For
For context, Trane Technologies plc’s Current Ratio is 1.22. Further, the Quick Ratio stands at 0.92, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 4.82, the price to book ratio is 12.31 and price to earnings (TTM) ratio is 38.49.
Transactions by insiders
Recent insider trading involved Kuehn Christopher J, Executive Vice President & CFO, that happened on Nov 04 ’24 when 13591.0 shares were sold. Officer, Kuehn Christopher J completed a deal on Nov 04 ’24 to buy 13591.0 shares. Meanwhile, Officer SULTANA KEITH A bought 1530.0 shares on Aug 01 ’24.
