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NYSE:TT

Trane Technologies (TT) Stock Price, News & Analysis

$342.07
0.00 (0.00%)
(As of 09/6/2024 ET)
Today's Range
$339.13
$349.36
50-Day Range
$314.21
$361.66
52-Week Range
$184.02
$363.15
Volume
1.24 million shs
Average Volume
1.12 million shs
Market Capitalization
$77.43 billion
P/E Ratio
36.55
Dividend Yield
0.98%
Price Target
$337.29

Trane Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
1.4% Downside
$337.29 Price Target
Short Interest
Healthy
1.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.74
Upright™ Environmental Score
News Sentiment
1.12mentions of Trane Technologies in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$10.05 M Sold Last Quarter
Proj. Earnings Growth
11.74%
From $10.82 to $12.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Business Services Sector

51st out of 303 stocks

Environmental Controls Industry

1st out of 1 stocks

TT stock logo

About Trane Technologies Stock (NYSE:TT)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

TT Stock Price History

TT Stock News Headlines

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Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
Wells Fargo Sticks to Their Sell Rating for Trane Technologies (TT)
Trane Technologies (NYSE:TT) Sees Unusually-High Trading Volume
Biden’s Capital Gains Tax to Devastate Savings!
Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
Mizuho Securities Remains a Hold on Trane Technologies (TT)
Trane Technologies PLC
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/07/2024
Dividend Payable
6/28/2024
Last Earnings
7/31/2024
Ex-Dividend for 9/30 Dividend
9/06/2024
Today
9/07/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Environmental controls
Sub-Industry
Measuring And Control Equipment
Employees
40,000
Year Founded
1871

Price Target and Rating

Average Stock Price Target
$337.29
High Stock Price Target
$425.00
Low Stock Price Target
$210.00
Potential Upside/Downside
-1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$2.02 billion
Pretax Margin
15.58%

Debt

Sales & Book Value

Annual Sales
$18.83 billion
Cash Flow
$10.11 per share
Book Value
$30.88 per share

Miscellaneous

Free Float
225,492,000
Market Cap
$77.43 billion
Optionable
Optionable
Beta
1.01

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Should I Buy Trane Technologies Stock? TT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Trane Technologies plc:

  • Trane Technologies plc reported strong quarterly earnings, beating the consensus estimate by $0.22 per share. This indicates a positive financial performance and potential for growth.
  • Recent insider buying activity by PGGM Investments, increasing their position in Trane Technologies plc by 12.0%, suggests confidence in the company's future prospects.
  • Analysts have given Trane Technologies plc a consensus rating of "Hold" with an average price target of $323.29, indicating a potential upside based on current market trends.
  • Trane Technologies plc has a market capitalization of $78.44 billion, reflecting the company's size and stability in the market.
  • The stock price of Trane Technologies plc has been showing positive momentum, trading at $346.53, with a 50-day moving average of $337.68, indicating a bullish trend.

Cons

Investors should be bearish about investing in Trane Technologies plc for these reasons:

  • Trane Technologies plc has a price-to-earnings ratio of 37.02 and a price-to-earnings-growth ratio of 2.51, which may indicate the stock is currently overvalued compared to its growth prospects.
  • There has been recent insider selling activity by company executives, including the CEO and EVP, which could raise concerns about leadership sentiment or future performance expectations.
  • Trane Technologies plc has a beta of 1.01, indicating the stock's volatility is in line with the market average, potentially leading to fluctuations in share price.
  • The company's debt-to-equity ratio of 0.62 may suggest a moderate level of financial leverage, which could pose risks during economic downturns or interest rate changes.
  • While Trane Technologies plc has a 1-year high of $363.15, the stock is currently trading near that high, which could present a resistance level for further price appreciation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Trane Technologies pros and cons to contact@marketbeat.com.

TT Stock Analysis - Frequently Asked Questions

How have TT shares performed this year?

Trane Technologies' stock was trading at $243.90 at the beginning of 2024. Since then, TT shares have increased by 40.3% and is now trading at $342.07.
View the best growth stocks for 2024 here
.

How were Trane Technologies' earnings last quarter?

Trane Technologies plc (NYSE:TT) released its quarterly earnings results on Wednesday, July, 31st. The company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.22. The firm's revenue was up 12.8% compared to the same quarter last year.
Read the conference call transcript
.

What is Michael W. Lamach's approval rating as Trane Technologies' CEO?

610 employees have rated Trane Technologies Chief Executive Officer Michael W. Lamach on Glassdoor.com. Michael W. Lamach has an approval rating of 92% among the company's employees. This puts Michael W. Lamach in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Trane Technologies have any subsidiaries?

The following companies are subsidiaries of Trane Technologies: EcoFactor, Precision Flow Systems, ICS Cool Energy, CALMAC Corp, FRIGOBLOCK, Cameron International Corporation - Centrifugal Compression Business, 200 PARK INC., and others.

Who are Trane Technologies' major shareholders?

Trane Technologies' top institutional shareholders include Bank of New York Mellon Corp (1.60%), Ameriprise Financial Inc. (1.51%), Legal & General Group Plc (0.94%) and Massachusetts Financial Services Co. MA (0.83%). Insiders that own company stock include David S Regnery, Raymond D Pittard, Christopher J Kuehn, Keith A Sultana, Evan M Turtz, Mairead Magner, Linda P Hudson, Mark Majocha, Donald E Simmons, Michael W Lamach and Marcia J Avedon.
View institutional ownership trends
.

How do I buy shares of Trane Technologies?

Shares of TT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Trane Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trane Technologies investors own include AT&T (T), Broadcom (AVGO), Intel (INTC), Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE) and Cisco Systems (CSCO).

This page (NYSE:TT) was last updated on 9/7/2024 by MarketBeat.com Staff

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