Financial Metrics Unveiled: Trane Technologies plc (TT)’s Key Ratios in the Spotlight

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The price of Trane Technologies plc (NYSE: TT) closed at $335.93 in the last session, down -2.74% from day before closing price of $345.38. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 1.72 million shares were traded. TT stock price reached its highest trading level at $343.92 during the session, while it also had its lowest trading level at $332.255.

Ratios:

We take a closer look at TT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 89.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.92. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 05 ’24 when Camuti Paul A sold 19,447 shares for $321.33 per share. The transaction valued at 6,248,942 led to the insider holds 88,909 shares of the business.

Turtz Evan M sold 8,988 shares of TT for $2,887,846 on Jun 05 ’24. The Senior Vice President now owns 20,758 shares after completing the transaction at $321.30 per share. On Jun 05 ’24, another insider, Kuehn Christopher J, who serves as the Executive Vice President & CFO of the company, sold 4,025 shares for $321.41 each. As a result, the insider received 1,293,683 and left with 61,293 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 78177624064 and an Enterprise Value of 80090570752. As of this moment, Trane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.91, and their Forward P/E ratio for the next fiscal year is 28.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 11.05. Its current Enterprise Value per Revenue stands at 4.394 whereas that against EBITDA is 24.086.

Stock Price History:

The Beta on a monthly basis for TT is 1.06, which has changed by 0.804523 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, TT has reached a high of $345.46, while it has fallen to a 52-week low of $182.96. The 50-Day Moving Average of the stock is 5.65%, while the 200-Day Moving Average is calculated to be 28.94%.

Shares Statistics:

According to the various share statistics, TT traded on average about 1.00M shares per day over the past 3-months and 1334630 shares per day over the past 10 days. A total of 227.17M shares are outstanding, with a floating share count of 225.59M. Insiders hold about 0.34% of the company’s shares, while institutions hold 86.11% stake in the company. Shares short for TT as of 1715731200 were 2800172 with a Short Ratio of 2.58, 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

The forward annual dividend rate for TT is 3.18, which was 3.09 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.008946667The stock’s 5-year Average Dividend Yield is 1.54. The current Payout Ratio is 34.20% for TT, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1725580800. Stock splits for the company last occurred on 2020-03-02 when the company split stock in a 1289:1000 ratio.

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