Trane Technologies plc (TT): Here Are Some Research Recommendations

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Trane Technologies plc (NYSE:TT) finished Wednesday with a subtraction of -$2.81 to close at $151.93, a downside of -1.82 percent. An average of 1,464,900 shares of common stock have been traded in the last five days. There was a fall of -$8.24 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,383,400 shares traded, while the 50-day average volume stands at 1,425,940.

TT stock has decreased by -4.82% in the last month. The company shares reached their 1-month lowest point of $151.72 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $120.64 and a high of $204.23 in 52 weeks. It has reached a new high 1 time so far this year and lost -24.80% or -$50.10 in price. In spite of this, the price is down -25.61% from the 52-week high.


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Insider Transactions

203 days have passed since Trane Technologies plc (TT) last reported insider trading activity. AVEDON MARCIA J, who is Executive Vice President, most recently acquired $11,821 shares at $154.96 per share on Mar 03. In this transaction, the insider spent $1,831,780. Senior Vice President, SULTANA KEITH A, disposed of 278 shares at a price of $160.00 on Feb 10. The insider now owns more than $44,481 worth of shares. Prior to that, Executive Vice President AVEDON MARCIA J went on to Sale 822 shares at $159.82 each on Feb 10. An amount of $131,375 was transacted.

Valuation Metrics

Trane Technologies plc (TT) has a trailing price-to-earnings (P/E) ratio of 23.81. The stock’s beta is 1.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.43, the price-to-book (PB) ratio at 6.21, and the price-to-cash flow ratio at 188.10.

The company has a payout ratio of 29.20%. The company’s most recent quarterly dividend payment was $0.67 a share, without any change from last year. Its latest increase dividend $0.08 reported on Friday February 4 2022.

Financial Health

The quick ratio of Trane Technologies plc for the three months ended March 30 was 0.80, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.85 for the quarter ending March 30. Its gross profit as reported stood at $4.47 billion compared to revenue of $14.14 billion.

Earnings Surprise

For the three-month period that ended March 30, Trane Technologies plc had $3.79 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $509.3 million in the quarter, while revenues were grew 8.76%. The analyst consensus anticipated Trane Technologies plc’s latest quarter earnings to come in at $0.99 per share, but it turned out to be $1.12, a 13.10% surprise. For the quarter, EBITDA amounted to $790.4 million. Shareholders own equity worth $231.72 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Trane Technologies plc (TT) price momentum. RSI 9-day as of the close on 21 September was 35.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.60%.

As of today, TT’s price is $156.14 -5.14% or -$8.24 from its 5-day moving average. TT is currently trading -3.76% lower than its 20-day SMA and +4.30% higher than its 100-day SMA. However, the stock’s current price level is +16.90% above the SMA50 and -21.40% below the SMA200.

The stochastic %K and %D were 21.78% and 30.18%, respectively, and the average true range (ATR) was 4.37. With the 14-day stochastic at 1.44% and the average true range at 4.15, the RSI (14) stands at 41.99%. The stock has reached -3.71 on the 9-day MACD Oscillator while the 14-day reading was at -3.59.

Analyst Ratings

Cowen upgraded Trane Technologies plc (NYSE: TT) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Trane Technologies plc (TT) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell TT, while 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.

What is TT’s price target for the next 12 months?

Analysts predict a range of price targets between $116.00 and $212.00, with a median target of $161.50. Taking a look at these predictions, the average price target given by analysts for Trane Technologies plc (TT) stock is $162.30.

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