The stock of Trane Technologies plc (TT) has gone up by 1.82% for the week, with a 5.50% rise in the past month and a 18.33% rise in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are 2.19% for TT. The simple moving average for the last 20 days is 4.75% for TT stock, with a simple moving average of 24.06% for the last 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 38.73x. The 36-month beta value for TT is also noteworthy at 1.07. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 rating it as “hold,” and 2 rating it as “sell.”
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The public float for TT is 224.23M, and at present, short sellers hold a 0.98% of that float. The average trading volume of TT on November 21, 2024 was 1.08M shares.
TT) stock’s latest price update
Trane Technologies plc (NYSE: TT)’s stock price has increased by 1.56 compared to its previous closing price of 411.16. However, the company has seen a 1.82% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-20 that TT consistently rewards its shareholders through dividend payments and share repurchases.
Analysts’ Opinion of TT
Many brokerage firms have already submitted their reports for TT stocks, with UBS repeating the rating for TT by listing it as a “Buy.” The predicted price for TT in the upcoming period, according to UBS is $500 based on the research report published on November 13, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see TT reach a price target of $405. The rating they have provided for TT stocks is “Hold” according to the report published on October 31st, 2024.
Morgan Stanley gave a rating of “Overweight” to TT, setting the target price at $425 in the report published on September 06th of the current year.
TT Trading at 6.27% 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 -0.99% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +5.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.60% upper at present.
During the last 5 trading sessions, TT rose by +1.38%, which changed the moving average for the period of 200-days by +52.07% in comparison to the 20-day moving average, which settled at $398.57. In addition, Trane Technologies plc saw 71.21% 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 3.15 billion with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 5.04. 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 summary, Trane Technologies plc (TT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
