Trane Technologies plc (NYSE: TT) has a price-to-earnings ratio of 38.78x that is above its average ratio. Additionally, the 36-month beta value for TT is 1.05. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
The public float for TT is 224.88M and currently, short sellers hold a 0.97% ratio of that float. The average trading volume of TT on October 23, 2024 was 1.09M shares.
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TT) stock’s latest price update
Trane Technologies plc (NYSE: TT)’s stock price has plunge by -2.15relation to previous closing price of 400.80. Nevertheless, the company has seen a -1.33% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-10-15 that MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies (NYSE: LHX) today announced that David S. Regnery, Chair and Chief Executive Officer of Trane Technologies plc, has been appointed to its Board of Directors. “Dave is a strong business leader with proven success in business transformation, putting the customer first and creating a culture where innovation and accountability are important drivers of business decisions,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “His established.
TT’s Market Performance
TT’s stock has fallen by -1.33% in the past week, with a monthly rise of 1.24% and a quarterly rise of 17.83%. The volatility ratio for the week is 1.30% while the volatility levels for the last 30 days are 1.58% for Trane Technologies plc The simple moving average for the last 20 days is -0.33% for TT stock, with a simple moving average of 22.26% for the last 200 days.
Analysts’ Opinion of TT
Many brokerage firms have already submitted their reports for TT stocks, with Morgan Stanley repeating the rating for TT by listing it as a “Overweight.” The predicted price for TT in the upcoming period, according to Morgan Stanley is $425 based on the research report published on September 06, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see TT reach a price target of $191. The rating they have provided for TT stocks is “Neutral” according to the report published on October 06th, 2023.
BofA Securities gave a rating of “Neutral” to TT, setting the target price at $210 in the report published on October 05th of the previous year.
TT Trading at 5.62% 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 -3.63% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +2.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.82% upper at present.
During the last 5 trading sessions, TT fell by -1.33%, which changed the moving average for the period of 200-days by +63.04% in comparison to the 20-day moving average, which settled at $393.50. In addition, Trane Technologies plc saw 60.80% 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 SULTANA KEITH A, who proposed sale 1,530 shares at the price of $332.09 back on Aug 01 ’24. After this action, SULTANA KEITH A now owns shares of Trane Technologies plc, valued at $508,103 using the latest closing price.
Pittard Raymond D, the Executive Vice President of Trane Technologies plc, sale 1,805 shares at $328.65 during a trade that took place back on Aug 07 ’24, which means that Pittard Raymond D is holding 83,517 shares at $593,221 based on the most recent closing price.
Stock Fundamentals for TT
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.35 for the gross margin
The net margin for Trane Technologies plc stands at 0.12. The total capital return value is set at 0.24. Equity return is now at value 35.59, with 12.02 for asset returns.
Based on Trane Technologies plc (TT), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 13.97.
Currently, EBITDA for the company is 3.17 billion with net debt to EBITDA at 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.93. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In conclusion, Trane Technologies plc (TT) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
