The stock price of Trane Technologies plc (NYSE: TT) has jumped by 7.06 compared to previous close of 300.86. Despite this, the company has seen a gain of 9.16% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that The headline numbers for Trane Technologies (TT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Trane Technologies plc (NYSE: TT) Right Now?
The price-to-earnings ratio for Trane Technologies plc (NYSE: TT) is 36.68x, which is above its average ratio. Moreover, the 36-month beta value for TT is 1.07. Analysts have varying 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 225.69M and currently, short sellers hold a 1.15% of that float. On April 30, 2024, TT’s average trading volume was 1.03M shares.
TT’s Market Performance
The stock of Trane Technologies plc (TT) has seen a 9.16% increase in the past week, with a 8.55% rise in the past month, and a 24.97% gain in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.28% for TT. The simple moving average for the past 20 days is 8.33% for TT’s stock, with a 35.15% simple moving average for the past 200 days.
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 10.23% 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 able to rebound, for now settling with 4.60% of gains for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +9.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.79% upper at present.
During the last 5 trading sessions, TT rose by +10.48%, which changed the moving average for the period of 200-days by +66.07% in comparison to the 20-day moving average, which settled at $298.76. In addition, Trane Technologies plc saw 32.07% 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 4.32. 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
To wrap up, the performance of Trane Technologies plc (TT) has been better in recent times. The stock has received a mixed of “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.
