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Trane Technologies plc (NYSE: TT) closed the day trading at $395.24 down -0.57% from the previous closing price of $397.50. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 1.52 million shares were traded. TT stock price reached its highest trading level at $397.7381 during the session, while it also had its lowest trading level at $393.64.
Ratios:
For a better understanding of TT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 67.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.26. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on September 06, 2024, initiated with a Overweight rating and assigned the stock a target price of $425.
On October 06, 2023, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $191.
BofA Securities Upgraded its Underperform to Neutral on October 05, 2023, whereas the target price for the stock was revised from $187 to $210.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 01 ’24 when SULTANA KEITH A bought 1,530 shares for $332.09 per share.
Pittard Raymond D sold 1,805 shares of TT for $593,221 on Aug 07 ’24. The Executive Vice President now owns 83,517 shares after completing the transaction at $328.65 per share. On Aug 07 ’24, another insider, Pittard Raymond D, who serves as the Officer of the company, bought 1,805 shares for $329.05 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TT now has a Market Capitalization of 89193807872 and an Enterprise Value of 93138550784. As of this moment, Trane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.08, and their Forward P/E ratio for the next fiscal year is 31.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.74 while its Price-to-Book (P/B) ratio in mrq is 12.85. Its current Enterprise Value per Revenue stands at 4.946 whereas that against EBITDA is 26.408.
Stock Price History:
Over the past 52 weeks, TT has reached a high of $406.96, while it has fallen to a 52-week low of $184.02. The 50-Day Moving Average of the stock is 8.06%, while the 200-Day Moving Average is calculated to be 24.45%.
Shares Statistics:
Over the past 3-months, TT traded about 1.11M shares per day on average, while over the past 10 days, TT traded about 808420 shares per day. A total of 227.17M shares are outstanding, with a floating share count of 224.88M. Insiders hold about 0.35% of the company’s shares, while institutions hold 86.96% stake in the company. Shares short for TT as of 1727654400 were 2192058 with a Short Ratio of 1.97, compared to 1724976000 on 2313445. Therefore, it implies a Short% of Shares Outstanding of 2192058 and a Short% of Float of 0.97.
Dividends & Splits
TT’s forward annual dividend rate is 3.27, up from 3.18 a year ago. Against a Trailing Annual Dividend Yield of 0.008The stock’s 5-year Average Dividend Yield is 1.52.
