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After finishing at $367.62 in the prior trading day, Trane Technologies plc (NYSE: TT) closed at $365.76, down -0.51%. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 2.4 million shares were traded. TT stock price reached its highest trading level at $370.03 during the session, while it also had its lowest trading level at $360.12.
Ratios:
Our goal is to gain a better understanding of TT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.84. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.57.
On November 22, 2024, Northcoast started tracking the stock assigning a Buy rating and target price of $500.
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 Dec 04 ’24 when Magner Mairead sold 4,329 shares for $416.00 per share. The transaction valued at 1,800,868 led to the insider holds 12,893 shares of the business.
Magner Mairead bought 4,329 shares of TT for $1,786,591 on Dec 04 ’24. On Nov 04 ’24, another insider, Kuehn Christopher J, who serves as the Executive Vice President & CFO of the company, sold 13,591 shares for $376.62 each. As a result, the insider received 5,118,695 and left with 61,468 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 82304778240 and an Enterprise Value of 85669224448. As of this moment, Trane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.92, and their Forward P/E ratio for the next fiscal year is 28.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 10.85. Its current Enterprise Value per Revenue stands at 4.419 whereas that against EBITDA is 23.209.
Stock Price History:
The Beta on a monthly basis for TT is 1.10, which has changed by 0.45114064 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, TT has reached a high of $422.00, while it has fallen to a 52-week low of $250.77. The 50-Day Moving Average of the stock is -7.37%, while the 200-Day Moving Average is calculated to be 1.92%.
Shares Statistics:
The stock has traded on average 1.25M shares per day over the past 3-months and 1571990 shares per day over the last 10 days, according to various share statistics. A total of 225.20M shares are outstanding, with a floating share count of 224.37M. Insiders hold about 0.29% of the company’s shares, while institutions hold 85.31% stake in the company. Shares short for TT as of 1736899200 were 3027008 with a Short Ratio of 2.42, compared to 1734048000 on 2966503. Therefore, it implies a Short% of Shares Outstanding of 3027008 and a Short% of Float of 1.35.
Dividends & Splits
In the trailing 12 months, TT’s forward annual dividend rate was 3.27, compared to 3.36 this year. Against a Trailing Annual Dividend Yield of 0.008895054The stock’s 5-year Average Dividend Yield is 1.46. The current Payout Ratio is 34.20% for TT, which recently paid a dividend on 2024-09-06 with an ex-dividend date of 1733443200. Stock splits for the company last occurred on 2020-03-02 when the company split stock in a 1289:1000 ratio.
