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NYSE:TT

Trane Technologies (TT) Stock Price, News & Analysis

Trane Technologies logo
$399.36 -0.30 (-0.08%)
(As of 12/13/2024 ET)

About Trane Technologies Stock (NYSE:TT)

Key Stats

Today's Range
$397.64
$403.13
50-Day Range
$370.35
$419.14
52-Week Range
$233.76
$422.00
Volume
852,589 shs
Average Volume
1.12 million shs
Market Capitalization
$89.87 billion
P/E Ratio
37.05
Dividend Yield
0.84%
Price Target
$409.93
Consensus Rating
Hold

Company Overview

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.

Trane Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
87th Percentile Overall Score

TT MarketRank™: 

Trane Technologies scored higher than 87% of companies evaluated by MarketBeat, and ranked 34th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Trane Technologies has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 6 buy ratings, 8 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Trane Technologies has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Trane Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Trane Technologies are expected to grow by 14.91% in the coming year, from $11.13 to $12.79 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Trane Technologies is 37.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Trane Technologies is 37.05, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.66.

  • Price to Earnings Growth Ratio

    Trane Technologies has a PEG Ratio of 2.43. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Trane Technologies has a P/B Ratio of 12.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.18% of the float of Trane Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Trane Technologies has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Trane Technologies has recently increased by 8.20%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Trane Technologies has a dividend yield of 0.85%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Trane Technologies does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Trane Technologies is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Trane Technologies will have a dividend payout ratio of 26.27% next year. This indicates that Trane Technologies will be able to sustain or increase its dividend.

  • Read more about Trane Technologies' dividend.
  • Percentage of Shares Shorted

    1.18% of the float of Trane Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Trane Technologies has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Trane Technologies has recently increased by 8.20%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Trane Technologies has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.87 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 31 news articles for Trane Technologies this week, compared to 12 articles on an average week.
  • Search Interest

    43 people have searched for TT on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
  • MarketBeat Follows

    14 people have added Trane Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Trane Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,800,864.00 in company stock.

  • Percentage Held by Insiders

    Only 0.38% of the stock of Trane Technologies is held by insiders.

  • Percentage Held by Institutions

    82.97% of the stock of Trane Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Trane Technologies' insider trading history.
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TT Stock News Headlines

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Trane announces new $5B share repurchase plan
See More Headlines

TT Stock Analysis - Frequently Asked Questions

Trane Technologies' stock was trading at $243.90 on January 1st, 2024. Since then, TT stock has increased by 63.7% and is now trading at $399.36.
View the best growth stocks for 2024 here
.

Trane Technologies plc (NYSE:TT) issued its earnings results on Wednesday, October, 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.14. The company's revenue for the quarter was up 10.0% on a year-over-year basis.
Read the conference call transcript
.

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

Trane Technologies' top institutional shareholders include FMR LLC (4.59%), State Street Corp (4.34%), Geode Capital Management LLC (2.06%) and Franklin Resources Inc. (1.14%). 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 and Donald E Simmons.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Trane Technologies investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/06/2024
Dividend Payable
9/30/2024
Last Earnings
10/30/2024
Ex-Dividend for 12/31 Dividend
12/06/2024
Today
12/14/2024
Dividend Payable
12/31/2024
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
$409.93
High Stock Price Target
$500.00
Low Stock Price Target
$300.00
Potential Upside/Downside
+2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
15 Analysts

Profitability

Net Income
$2.02 billion
Pretax Margin
16.02%

Debt

Sales & Book Value

Annual Sales
$19.39 billion
Cash Flow
$10.67 per share
Book Value
$30.84 per share

Miscellaneous

Free Float
224,169,000
Market Cap
$89.87 billion
Optionable
Optionable
Beta
1.03

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This page (NYSE:TT) was last updated on 12/15/2024 by MarketBeat.com Staff
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