The stock of Trane Technologies plc (TT) has gone down by -0.09% for the week, with a 3.31% rise in the past month and a 20.89% rise in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are 1.73% for TT. The simple moving average for the past 20 days is -0.24% for TT’s stock, with a 28.38% simple moving average for the past 200 days.
Is It Worth Investing in Trane Technologies plc (NYSE: TT) Right Now?
The price-to-earnings ratio for Trane Technologies plc (NYSE: TT) is above average at 33.85x, Company’s 36-month beta value is 1.08.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TT is 226.19M, and currently, short sellers hold a 1.11% ratio of that floaft. The average trading volume of TT on April 12, 2024 was 1.02M shares.
TT) stock’s latest price update
The stock price of Trane Technologies plc (NYSE: TT) has plunged by -0.44 when compared to previous closing price of 298.54, but the company has seen a -0.09% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-11 that Are you looking for non-tech stocks to buy that will do well and outperform the Magnificent Seven? Despite some of the top tech stocks not doing well in 2024, the Bloomberg Magnificent 7 Total Return Index is up nearly 19% year-to-date (YTD) and 73% over the past year.
Analysts’ Opinion of TT
Many brokerage firms have already submitted their reports for TT stocks, with JP Morgan repeating the rating for TT by listing it as a “Neutral.” The predicted price for TT in the upcoming period, according to JP Morgan is $191 based on the research report published on October 06, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see TT reach a price target of $210, previously predicting the price at $187. The rating they have provided for TT stocks is “Neutral” according to the report published on October 05th, 2023.
HSBC Securities gave a rating of “Buy” to TT, setting the target price at $256 in the report published on September 15th of the previous year.
TT Trading at 4.11% 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 -3.17% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +3.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.32% upper at present.
During the last 5 trading sessions, TT fell by -0.09%, which changed the moving average for the period of 200-days by +59.38% in comparison to the 20-day moving average, which settled at $298.52. In addition, Trane Technologies plc saw 21.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TT starting from Regnery David S, who sale 9,782 shares at the price of $286.43 back on Mar 06 ’24. After this action, Regnery David S now owns 104,092 shares of Trane Technologies plc, valued at $2,801,836 using the latest closing price.
Kuehn Christopher J, the Executive Vice President & CFO of Trane Technologies plc, sale 3,762 shares at $286.48 during a trade that took place back on Mar 06 ’24, which means that Kuehn Christopher J is holding 61,691 shares at $1,077,728 based on the most recent closing price.
Stock Fundamentals for TT
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.33 for the gross margin
The net margin for Trane Technologies plc stands at 0.11. The total capital return value is set at 0.22. Equity return is now at value 31.35, with 10.95 for asset returns.
Based on Trane Technologies plc (TT), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 12.34.
Currently, EBITDA for the company is 3.17 billion with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In a nutshell, Trane Technologies plc (TT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
