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NYSE:TT

Trane Technologies (TT) Stock Price, News & Analysis

$368.29
+4.06 (+1.11%)
(As of 03:38 PM ET)
Today's Range
$364.36
$370.22
50-Day Range
$314.21
$364.22
52-Week Range
$184.02
$370.22
Volume
552,514 shs
Average Volume
1.11 million shs
Market Capitalization
$83.36 billion
P/E Ratio
39.35
Dividend Yield
0.91%
Price Target
$343.54

Trane Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
7.2% Downside
$343.54 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.74
Upright™ Environmental Score
News Sentiment
0.98mentions of Trane Technologies in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$10.05 M Sold Last Quarter
Proj. Earnings Growth
13.06%
From $10.87 to $12.29 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.

4.61 out of 5 stars

Business Services Sector

34th out of 311 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

It’s over.
We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used by EVERY single AI company on the planet... AMD, NVIDIA, META... none of these companies could exist without this firm.
Culture of Impact
Morgan Stanley Begins Coverage on Trane Technologies (NYSE:TT)
It’s over.
We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used by EVERY single AI company on the planet... AMD, NVIDIA, META... none of these companies could exist without this firm.
Wells Fargo Sticks to Their Sell Rating for Trane Technologies (TT)
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
9/16/2024
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
$343.54
High Stock Price Target
$425.00
Low Stock Price Target
$210.00
Potential Upside/Downside
-6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
$2.02 billion
Pretax Margin
15.58%

Debt

Sales & Book Value

Annual Sales
$18.83 billion
Cash Flow
$11.10 per share
Book Value
$30.84 per share

Miscellaneous

Free Float
225,492,000
Market Cap
$83.27 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 the year. Since then, TT stock has increased by 51.7% and is now trading at $370.09.
View the best growth stocks for 2024 here
.

How were Trane Technologies' earnings last quarter?

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

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 more.

Who are Trane Technologies' major shareholders?

Trane Technologies' top institutional investors 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 9/16/2024 by MarketBeat.com Staff

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