Trane Technologies plc (NYSE:TT) finished Friday with an addition of $1.03 to close at $203.16, an upside of 0.51 percent. An average of 854,260 shares of common stock have been traded in the last five days. There was a fall of -$1.03 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,130,310 shares traded, while the 50-day average volume stands at 1,118,698.
TT stock has increased by 3.95% in the last month. The company shares reached their 1-month lowest point of $192.43 on 07/21/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $139.07 and a high of $209.17 in 52 weeks. It has reached a new high 16 times so far this year and achieved 20.86% or $35.07 in price. In spite of this, the price is down -2.87% from the 52-week high.
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Insider Transactions
TT stock investors should be aware that Trane Technologies plc (TT) stock had its last reported insider trading activity 4 days ago on Aug 08. In this transaction, the insider spent $1,253,437. Director, HUDSON LINDA P, disposed of 3,100 shares at a price of $204.70 on Aug 08. The insider now owns more than $634,570 worth of shares. Prior to that, Executive Vice President Camuti Paul A went on to Sale 5,000 shares at $201.00 each on Aug 01. An amount of $1,005,000 was transacted.
Valuation Metrics
Trane Technologies plc (TT) has a trailing price-to-earnings (P/E) ratio of 24.75. The stock’s beta is 1.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.77, the price-to-book (PB) ratio at 7.42, and the price-to-cash flow ratio at 53.51.
The company has a payout ratio of 34.70%. The company’s most recent quarterly dividend payment was $0.75 a share, without any change from last year. Its latest increase dividend $0.08 reported on Thursday February 9 2023.
Financial Health
The quick ratio of Trane Technologies plc for the three months ended June 29 was 0.80, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.80 for the quarter ending June 29. Trane Technologies plc’s EBITDA margin for the year ending June 29 is 17.32%, while its operating margin for the same period stands at 15.80%. Its gross profit as reported stood at $4.96 billion compared to revenue of $15.99 billion.
Earnings Surprise
For the three-month period that ended June 29, Trane Technologies plc had $4.48 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 $586.2 million in the quarter, while revenues were grew 13.12%. The analyst consensus anticipated Trane Technologies plc’s latest quarter earnings to come in at $2.56 per share, but it turned out to be $2.68, a 4.70% surprise. For the quarter, EBITDA amounted to $973.8 million. Shareholders own equity worth $228.4 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 11 August was 58.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.36%.
As of today, TT’s price is $204.25 -0.50% or -$1.03 from its 5-day moving average. TT is currently trading +3.49% higher than its 20-day SMA and +12.00% higher than its 100-day SMA. However, the stock’s current price level is +24.46% above the SMA50 and +37.94% above the SMA200.
The stochastic %K and %D were 59.63% and 67.02%, respectively, and the average true range (ATR) was 3.90. With the 14-day stochastic at 63.82% and the average true range at 3.76, the RSI (14) stands at 61.74%. The stock has reached -1.42 on the 9-day MACD Oscillator while the 14-day reading was at 1.12.
Analyst Ratings
Oppenheimer launched coverage on Trane Technologies plc (NYSE: TT) in its analyst report released on March 28, 2023. The firm assigned the stock a Perform rating. 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 11 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 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 $176.00 and $247.00, with a median target of $212.00. Taking a look at these predictions, the average price target given by analysts for Trane Technologies plc (TT) stock is $214.35.
