The stock of Trane Technologies plc (NYSE: TT) has increased by 3.53 when compared to last closing price of 376.99. Despite this, the company has experienced a -0.08% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that Trane’s Q3 shows strong business growth in North America, alongside some weakness in China. During the quarter, the Company experienced a significant revenue decline in China, with a 50% drop in bookings and a 45% decrease in revenue. The strong growth during the quarter was led by TT’s North America business. More specifically, its residential HVAC business in North America grew by 20% year-over-year.
Is It Worth Investing in Trane Technologies plc (NYSE: TT) Right Now?
Trane Technologies plc (NYSE: TT) has a price-to-earnings ratio of 36.19x that is above its average ratio. Additionally, the 36-month beta value for TT is 1.06. 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.”
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The public float for TT is 224.24M and currently, short sellers hold a 0.97% ratio of that float. The average trading volume of TT on November 06, 2024 was 1.05M shares.
TT’s Market Performance
TT stock saw a decrease of -0.08% in the past week, with a monthly decline of -0.01% and a quarterly a decrease of 20.65%. The volatility ratio for the week is 2.73%, and the volatility levels for the last 30 days are 1.78% for Trane Technologies plc (TT). The simple moving average for the past 20 days is -0.43% for TT’s stock, with a 19.08% simple moving average for the past 200 days.
Analysts’ Opinion of TT
Many brokerage firms have already submitted their reports for TT stocks, with HSBC Securities repeating the rating for TT by listing it as a “Hold.” The predicted price for TT in the upcoming period, according to HSBC Securities is $405 based on the research report published on October 31, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see TT reach a price target of $425. The rating they have provided for TT stocks is “Overweight” according to the report published on September 06th, 2024.
JP Morgan gave a rating of “Neutral” to TT, setting the target price at $191 in the report published on October 06th of the previous year.
TT Trading at 3.01% 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 -4.10% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares sank -1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.31% upper at present.
During the last 5 trading sessions, TT fell by -0.08%, which changed the moving average for the period of 200-days by +54.49% in comparison to the 20-day moving average, which settled at $391.99. In addition, Trane Technologies plc saw 60.02% 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 Kuehn Christopher J, who sale 13,591 shares at the price of $376.62 back on Nov 04 ’24. After this action, Kuehn Christopher J now owns 61,468 shares of Trane Technologies plc, valued at $5,118,695 using the latest closing price.
Kuehn Christopher J, the Officer of Trane Technologies plc, proposed sale 13,591 shares at $375.36 during a trade that took place back on Nov 04 ’24, which means that Kuehn Christopher J is holding shares at $5,101,518 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 0.13. The total capital return value is set at 0.24. Equity return is now at value 35.00, with 12.55 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 0.6. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 14.35.
Currently, EBITDA for the company is 3.17 billion with net debt to EBITDA at 1.01. When we switch over and look at the enterprise to sales, we see a ratio of 4.73. The receivables turnover for the company is 5.71for 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 1.22.
Conclusion
In conclusion, Trane Technologies plc (TT) has seen mixed 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.
