Trane Technologies (TT) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $413.56 to $418.20
• 50-Day Range: $369.20 to $417.42
• 52-Week Range: $221.22 to $421.78
• Volume: 896,176 shs
• Average Volume: 1.29 million shs
• Market Capitalization: $93.94 billion
• P/E Ratio: 38.73
• Dividend Yield: 0.80%
• Price Target: $397.64
• Consensus Rating: Hold

Trane Technologies Stock Analysis - MarketRank™

Trane Technologies scored higher than 83% of companies evaluated by MarketBeat, and ranked 37th out of 101 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 14.09%

Earnings Growth

Earnings for Trane Technologies are expected to grow by 14.09% in the coming year, from $11.14 to $12.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Trane Technologies is 38.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trane Technologies is 38.73, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 30.88.

Price to Earnings Growth Ratio

Trane Technologies has a PEG Ratio of 2.63. 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 12.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.98% 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 2.1, 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 1.38%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Trane Technologies has a dividend yield of 0.81%, 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 26.44% next year. This indicates that Trane Technologies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.1 / 5
• Environmental Score: -2.72

Percentage of Shares Shorted

0.98% 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 2.1, 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 1.38%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.34

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 0.85 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for Trane Technologies this week, compared to 11 articles on an average week.

Search Interest

Only 40 people have searched for TT on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

15 people have added Trane Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 114% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Trane Technologies insiders have not sold or bought any 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.

TT Stock Analysis - Frequently Asked Questions

How have TT shares performed this year?

Trane Technologies' stock was trading at $243.90 on January 1st, 2024. Since then, TT shares have increased by 71.2% and is now trading at $417.49.
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, October, 30th. The company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.14. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year.
Read the conference call transcript.

Does Trane Technologies have any subsidiaries?

Trane Technologies subsidiaries include 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 investors include FMR LLC (4.59%), State Street Corp (4.34%), Geode Capital Management LLC (2.06%) and Massachusetts Financial Services Co. MA (1.13%). 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 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
• Today: 11/24/2024
• Ex-Dividend for 12/31 Dividend: 12/06/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Environmental controls
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: NYSE:TT
• CUSIP: N/A
• CIK: 1466258
• Web: www.tranetechnologies.com
• Phone: (531) 870-7400
• Fax: 201-573-3448
• Employees: 40,000
• Year Founded: 1871

Price Target and Rating

• Average Stock Price Target: $397.64
• High Stock Price Target: $500.00
• Low Stock Price Target: $300.00
• Potential Upside/Downside: -4.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $10.78
• Trailing P/E Ratio: 38.73
• Forward P/E Ratio: 37.48
• P/E Growth: 2.63
• Net Income: $2.02 billion
• Net Margins: 12.73%
• Pretax Margin: 16.02%
• Return on Equity: 34.62%
• Return on Assets: 12.36%

Debt

• Debt-to-Equity Ratio: 0.57
• Current Ratio: 1.22
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $17.68 billion
• Price / Sales: 5.31
• Cash Flow: $10.74 per share
• Price / Cash Flow: 38.86
• Book Value: $33.84 per share
• Price / Book: 12.34

Miscellaneous

• Outstanding Shares: 225,020,000
• Free Float: 224,169,000
• Market Cap: $93.94 billion
• Optionable: Optionable
• Beta: 1.02