Trane Technologies plc (NYSE: TT) has a higher price-to-earnings ratio of 34.67x compared to its average ratio, The 36-month beta value for TT is at 1.10. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 as “hold,” and 2 as “sell.”
The public float for TT is 224.37M, and currently, shorts hold a 1.32% of that float. The average trading volume for TT on January 03, 2025 was 1.12M shares.
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TT) stock’s latest price update
The stock of Trane Technologies plc (NYSE: TT) has increased by 1.22 when compared to last closing price of 369.35. Despite this, the company has experienced a -1.60% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-31 that Eaton: Recent Correction Is A Buying Opportunity
TT’s Market Performance
TT’s stock has fallen by -1.60% in the past week, with a monthly drop of -9.87% and a quarterly drop of -3.61%. The volatility ratio for the week is 1.55% while the volatility levels for the last 30 days are 1.91% for Trane Technologies plc The simple moving average for the last 20 days is -4.00% for TT stock, with a simple moving average of 6.19% for the last 200 days.
Analysts’ Opinion of TT
Many brokerage firms have already submitted their reports for TT stocks, with Northcoast repeating the rating for TT by listing it as a “Buy.” The predicted price for TT in the upcoming period, according to Northcoast is $500 based on the research report published on November 22, 2024 of the previous year 2024.
UBS, on the other hand, stated in their research note that they expect to see TT reach a price target of $500, previously predicting the price at $375. The rating they have provided for TT stocks is “Buy” according to the report published on November 13th, 2024.
HSBC Securities gave a rating of “Hold” to TT, setting the target price at $405 in the report published on October 31st of the previous year.
TT Trading at -5.83% 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 -11.41% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares sank -9.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.73% lower at present.
During the last 5 trading sessions, TT fell by -1.60%, which changed the moving average for the period of 200-days by +28.13% in comparison to the 20-day moving average, which settled at $389.43. In addition, Trane Technologies plc saw 1.22% 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 Magner Mairead, who sale 4,329 shares at the price of $416.00 back on Dec 04 ’24. After this action, Magner Mairead now owns 12,893 shares of Trane Technologies plc, valued at $1,800,868 using the latest closing price.
Magner Mairead, the Officer of Trane Technologies plc, proposed sale 4,329 shares at $412.70 during a trade that took place back on Dec 04 ’24, which means that Magner Mairead is holding shares at $1,786,591 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 4.53. 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 had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
