Financial Metrics Check: Trane Technologies plc (TT)’s Ratios for Trailing Twelve Months

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As of close of business last night, Trane Technologies plc’s stock clocked out at $321.50, down -1.82% from its previous closing price of $327.46. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 0.98 million shares were traded. TT stock price reached its highest trading level at $331.66 during the session, while it also had its lowest trading level at $316.265.

Ratios:

To gain a deeper understanding of TT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 85.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.58.

On October 05, 2023, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $187 to $210.

On September 15, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $256.HSBC Securities initiated its Buy rating on September 15, 2023, with a $256 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when Regnery David S sold 9,782 shares for $286.43 per share. The transaction valued at 2,801,836 led to the insider holds 104,092 shares of the business.

Kuehn Christopher J sold 3,762 shares of TT for $1,077,728 on Mar 06 ’24. The Executive Vice President & CFO now owns 61,691 shares after completing the transaction at $286.48 per share. On Mar 05 ’24, another insider, Regnery David S, who serves as the Chair and CEO of the company, sold 6,990 shares for $286.19 each. As a result, the insider received 2,000,494 and left with 113,874 shares of the company.

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 72772165632 and an Enterprise Value of 76824305664. As of this moment, Trane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.36, and their Forward P/E ratio for the next fiscal year is 27.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.99 while its Price-to-Book (P/B) ratio in mrq is 10.58. Its current Enterprise Value per Revenue stands at 4.215 whereas that against EBITDA is 23.104.

Stock Price History:

Over the past 52 weeks, TT has reached a high of $338.09, while it has fallen to a 52-week low of $162.04. The 50-Day Moving Average of the stock is 3.21%, while the 200-Day Moving Average is calculated to be 27.09%.

Shares Statistics:

It appears that TT traded 942.48K shares on average per day over the past three months and 1010870 shares per day over the past ten days. A total of 227.17M shares are outstanding, with a floating share count of 225.71M. Insiders hold about 0.28% of the company’s shares, while institutions hold 86.10% stake in the company. Shares short for TT as of 1715731200 were 2800172 with a Short Ratio of 2.97, compared to 1713139200 on 2605577. Therefore, it implies a Short% of Shares Outstanding of 2800172 and a Short% of Float of 1.24.

Dividends & Splits

With its trailing 12-month dividend rate of 3.09, TT has a forward annual dividend rate of 2.34. Against a Trailing Annual Dividend Yield of 0.009436267The stock’s 5-year Average Dividend Yield is 1.54.

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