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The price of Trane Technologies plc (NYSE: TT) closed at $347.85 in the last session, up 0.62% from day before closing price of $345.72. In other words, the price has increased by $0.62 from its previous closing price. On the day, 0.86 million shares were traded. TT stock price reached its highest trading level at $351.2 during the session, while it also had its lowest trading level at $344.11.
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 59.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.91. 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.
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 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 78499307520 and an Enterprise Value of 81981415424. As of this moment, Trane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.40, and their Forward P/E ratio for the next fiscal year is 28.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.48. 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 11.31. Its current Enterprise Value per Revenue stands at 4.354 whereas that against EBITDA is 23.245.
Stock Price History:
The Beta on a monthly basis for TT is 1.04, which has changed by 0.7553694 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, TT has reached a high of $351.41, while it has fallen to a 52-week low of $184.02. The 50-Day Moving Average of the stock is 4.88%, while the 200-Day Moving Average is calculated to be 21.53%.
Shares Statistics:
According to the various share statistics, TT traded on average about 1.31M shares per day over the past 3-months and 1297360 shares per day over the past 10 days. A total of 227.17M shares are outstanding, with a floating share count of 224.90M. Insiders hold about 0.34% of the company’s shares, while institutions hold 88.87% stake in the company. Shares short for TT as of 1722384000 were 1872329 with a Short Ratio of 1.42, compared to 1719532800 on 2735663. Therefore, it implies a Short% of Shares Outstanding of 1872329 and a Short% of Float of 0.83.
Dividends & Splits
The forward annual dividend rate for TT is 3.18, which was 3.18 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.009198195The stock’s 5-year Average Dividend Yield is 1.51. 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.
