Trane Technologies plc (NYSE:TT) went down by -0.05% from its latest closing price compared to the recent 1-year high of $207.06. The company’s stock price has collected 0.75% of gains in the last five trading sessions. Press Release reported on 11/18/21 that Trane Technologies to Present at the Virtual Credit Suisse Global Industrials Conference
Is It Worth Investing in Trane Technologies plc (NYSE :TT) Right Now?
Trane Technologies plc (NYSE:TT) scored a price-to-earnings ratio above its average ratio, recording 34.83 x from its present earnings ratio. Plus, the 36-month beta value for TT is at 1.01. Opinions of the stock are interesting as 8 analysts out of 24 who provided ratings for Trane Technologies plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 13 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $200.21, which is $3.8 above the current price. TT currently public float of 236.52M and currently shorts hold a 0.65% ratio of that float. Today, the average trading volume of TT was 1.15M shares.
TT’s Market Performance
TT stocks went up by 0.75% for the week, with a monthly jump of 8.56% and a quarterly performance of -1.89%, while its annual performance rate touched 32.92%. The volatility ratio for the week stands at 1.66% while the volatility levels for the past 30 days are set at 1.97% for Trane Technologies plc. The simple moving average for the period of the last 20 days is 4.07% for TT stocks with a simple moving average of 8.52% for the last 200 days.
Analysts’ Opinion of TT
Many brokerage firms have already submitted their reports for TT stocks, with Wells Fargo repeating the rating for TT by listing it as a “Underweight.” The predicted price for TT in the upcoming period, according to Wells Fargo is $163 based on the research report published on October 08th of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see TT reach a price target of $160. The rating they have provided for TT stocks is “Underweight” according to the report published on August 09th, 2021.
TT Trading at 7.44% from the 50-Day Moving Average
After a stumble in the market that brought TT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.59% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +9.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.55% upper at present.
During the last 5 trading sessions, TT rose by +0.75%, which changed the moving average for the period of 200-days by +31.79% in comparison to the 20-day moving average, which settled at $188.72. In addition, Trane Technologies plc saw 34.67% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TT starting from LAMACH MICHAEL W, who sale 126,724 shares at the price of $197.45 back on Sep 01. After this action, LAMACH MICHAEL W now owns 130,616 shares of Trane Technologies plc, valued at $25,021,920 using the latest closing price.
Pittard Raymond D, the Executive Vice President of Trane Technologies plc, sale 4,256 shares at $200.06 during a trade that took place back on Aug 04, which means that Pittard Raymond D is holding 82,954 shares at $851,449 based on the most recent closing price.
Stock Fundamentals for TT
Current profitability levels for the company are sitting at:
- +12.94 for the present operating margin
- +30.75 for the gross margin
The net margin for Trane Technologies plc stands at +7.85. The total capital return value is set at 12.60, while invested capital returns managed to touch 8.22. Equity return is now at value 21.10, with 7.40 for asset returns.
Based on Trane Technologies plc (TT), the company’s capital structure generated 88.76 points at debt to equity in total, while total debt to capital is 47.02. Total debt to assets is 31.32, with long-term debt to equity ratio resting at 74.49. Finally, the long-term debt to capital ratio is 39.46.
When we switch over and look at the enterprise to sales, we see a ratio of 3.55, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 4.98 and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.