A share price of Trane Technologies plc [TT] is currently trading at $400.29, up 0.18%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TT shares have gain 3.82% over the last week, with a monthly amount glided 6.21%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Trane Technologies plc [NYSE: TT] stock has seen the most recent analyst activity on November 22, 2024, when Northcoast initiated its Buy rating and assigned the stock a price target of $500. On October 31, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $405 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $425 on September 06, 2024. JP Morgan upgraded its rating to a Neutral but $191 remained the price target by the analyst firm on October 06, 2023. BofA Securities upgraded its rating to Neutral for this stock on October 05, 2023, and upped its price target to $210. In a note dated September 15, 2023, HSBC Securities initiated an Buy rating and provided a target price of $256 on this stock.
Trane Technologies plc experienced fluctuations in its stock price throughout the past year between $249.21 and $422.00. Currently, Wall Street analysts expect the stock to reach $398.83 within the next 12 months. Trane Technologies plc [NYSE: TT] shares were valued at $400.29 at the most recent close of the market. An investor can expect a potential drop of -0.36% based on the average TT price forecast.
Analyzing the TT fundamentals
Trailing Twelve Months sales for Trane Technologies plc [NYSE:TT] were 19.39B which represents 11.43% 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 0.13%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 394.89 points at the first support level, and at 389.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 403.46, and for the 2nd resistance point, it is at 406.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Trane Technologies plc [NYSE:TT] is 1.22. In addition, the Quick Ratio stands at 0.92 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 4.65, the price to book ratio is 11.87 and price to earnings (TTM) ratio is 37.12.
Transactions by insiders
Recent insider trading involved Magner Mairead, Senior Vice President, that happened on Dec 04 ’24 when 4329.0 shares were sold. Officer, Magner Mairead completed a deal on Dec 04 ’24 to buy 4329.0 shares. Meanwhile, Executive Vice President & CFO Kuehn Christopher J sold 13591.0 shares on Nov 04 ’24.
