Trane Technologies plc (NYSE: TT) has a price-to-earnings ratio of 21.47x that is above its average ratio. Additionally, the 36-month beta value for TT is 1.04. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 rating it as “hold,” and 2 rating it as “sell.”
The average price predicted by analysts for TT is $193.61, which is $24.26 above the current price. The public float for TT is 227.99M and currently, short sellers hold a 1.42% ratio of that float. The average trading volume of TT on May 26, 2023 was 1.70M shares.
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TT) stock’s latest price update
Trane Technologies plc (NYSE: TT)’s stock price has gone rise by 0.25 in comparison to its previous close of 167.51, however, the company has experienced a -3.08% decrease in its stock price over the last five trading days.
TT’s Market Performance
Trane Technologies plc (TT) has seen a -3.08% fall in stock performance for the week, with a -9.47% decline in the past month and a -8.87% plunge in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are at 2.34% for TT. The simple moving average for the last 20 days is -4.79% for TT’s stock, with a simple moving average of -1.70% for the last 200 days.
TT Trading at -5.46% 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 -14.41% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -9.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.04% lower at present.
During the last 5 trading sessions, TT fell by -2.80%, which changed the moving average for the period of 200-days by +6.62% in comparison to the 20-day moving average, which settled at $175.52. In addition, Trane Technologies plc saw -0.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TT starting from Kuehn Christopher J, who sale 4,473 shares at the price of $175.00 back on May 17. After this action, Kuehn Christopher J now owns 55,221 shares of Trane Technologies plc, valued at $782,775 using the latest closing price.
Kuehn Christopher J, the Executive Vice President & CFO of Trane Technologies plc, sale 3,547 shares at $174.56 during a trade that took place back on May 16, which means that Kuehn Christopher J is holding 59,694 shares at $619,162 based on the most recent closing price.
Stock Fundamentals for TT
Current profitability levels for the company are sitting at:
- +15.32 for the present operating margin
- +31.11 for the gross margin
The net margin for Trane Technologies plc stands at +11.12. The total capital return value is set at 21.33, while invested capital returns managed to touch 16.75. Equity return is now at value 30.40, with 10.10 for asset returns.
Based on Trane Technologies plc (TT), the company’s capital structure generated 87.14 points at debt to equity in total, while total debt to capital is 46.56. Total debt to assets is 29.34, with long-term debt to equity ratio resting at 67.37. Finally, the long-term debt to capital ratio is 36.00.
When we switch over and look at the enterprise to sales, we see a ratio of 2.58, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 5.74 and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
In conclusion, Trane Technologies plc (TT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
