As of Friday close, Trane Technologies plc’s (NYSE:TT) stock was down -$0.68, moving down -0.34 percent to $196.95. The average number of shares traded per day over the past five days has been 841,000 shares. 2 times new highs have been achieved over the past 5 days, with a -$6.21 fall in that time frame. In the last twenty days, the average volume was 1,048,160, while in the previous 50 days, it was 1,088,508.
Since last month, TT stock rose 0.68%. Shares of the company fell to $192.43 on 07/21/23, the lowest level in the past month. A 52-week high of $209.17 was reached on 08/07/23 after having rallying from a 52-week low of $139.07. Since the beginning of this year, TT’s stock price has risen by 17.17% or $28.86, and marked a new high 16 times. However, the stock has declined by -5.84% since its 52-week high.
TT stock investors should be aware that Trane Technologies plc (TT) stock had its last reported insider trading activity 11 days ago on Aug 08. Turtz Evan M, the Senior Vice President of the company, disposed of 6,108 shares for $205.21 on Aug 08. It resulted in a $1,253,437 divestment by the insider. HUDSON LINDA P sold 3,100 shares at an average price of $204.70 on Aug 08. The insider now owns 4,332 shares following the transaction. On Aug 01, Executive Vice President Camuti Paul A sold 5,000 shares at $201.00 apiece. The transaction was valued at $1,005,000.
Valuation Metrics
Right now, Trane Technologies plc (TT) has a P/E ratio of about 24.00. The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 2.66, the price-to-book (PB) ratio of 7.19, and the price-to-cash flow ratio of 29.42 may also be considered.
The latest dividend of $0.75 per share was paid out, remained unchanged from last year’s $0.75. On Thursday February 9 2023, a $0.08 dividend increase was announced.
Financial Health
In the three months ended June 29, Trane Technologies plc’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.72, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 32.00% percent. In the year ended June 29, EBITDA margin amounted to 17.32%, whereas operating margins totaled 15.80%. Based on annual data, TT earned $4.96 billion in gross profit and brought in $15.99 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.70%. Return on equity (ROE) for the past 12 months was 31.00%.
In Trane Technologies plc’s quarter-end financial report for June 29, it reported total debt of $4.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TT’s revenue rose 10.93% to $3.67 billion during the quarter, while net income inched up to $4.7 billion. While analysts expected Trane Technologies plc to report $2.56 quarterly earnings, the actual figure was $2.68 per share, beating the consensus estimate by 4.70%. During the quarter, the company generated $973.8 million in EBITDA. The liabilities of Trane Technologies plc were 12.63 billion at the end of its most recent quarter ended June 29, and its total debt was $5.03 billion. The value of shareholders’ equity is $228.4 million.
Technical Picture
This quick technical analysis looks at Trane Technologies plc’s (TT) price momentum. With a historical volatility rate of 16.49%, the RSI 9-day stood at 37.46% on 18 August.
With respect to its five-day moving average, the current Trane Technologies plc price is down by -3.06% percent or -$6.21. At present, TT shares trade +1.58% above its 20-day simple moving average and +8.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.80% above its SMA50 and +23.38% above its SMA200.
Stochastic coefficient K was 18.96% and Stochastic coefficient D was 38.15%, while ATR was 3.77. Given the Stochastic reading of 6.86% for the 14-day period, the RSI (14) reading has been calculated as 45.82%. As of today, the MACD Oscillator reading stands at -2.82, while the 14-day reading stands at -3.65.
Analyst Ratings
Oppenheimer launched its rating on Trane Technologies plc (NYSE: TT) to a Perform in a note to investors on March 28, 2023. Trane Technologies plc (TT) has been rated Hold by analysts. According to 2 brokerage firms, TT is a sell, and 11 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 2 analysts rate Trane Technologies plc stock as buy, with 6 recommending it as overweight.
With a median target price of $212.00, the current consensus forecast for the stock is $176.00 – $247.00. Based on these forecasts, analysts predict Trane Technologies plc (TT) will achieve an average price target of $214.35.
