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Trane Technologies plc (NYSE: TT) closed the day trading at $322.22 down -3.19% from the previous closing price of $332.84. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 2.41 million shares were traded. TT stock price reached its highest trading level at $332.3 during the session, while it also had its lowest trading level at $321.01.
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 85.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.57. 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:
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 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 75339218944 and an Enterprise Value of 76987285504. As of this moment, Trane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.44, and their Forward P/E ratio for the next fiscal year is 27.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.00 while its Price-to-Book (P/B) ratio in mrq is 10.60. Its current Enterprise Value per Revenue stands at 4.224 whereas that against EBITDA is 23.153.
Stock Price History:
Over the past 52 weeks, TT has reached a high of $347.33, while it has fallen to a 52-week low of $184.02. The 50-Day Moving Average of the stock is -2.85%, while the 200-Day Moving Average is calculated to be 16.57%.
Shares Statistics:
Over the past 3-months, TT traded about 1.24M shares per day on average, while over the past 10 days, TT traded about 1427300 shares per day. A total of 227.17M shares are outstanding, with a floating share count of 225.56M. Insiders hold about 0.35% of the company’s shares, while institutions hold 88.48% stake in the company. Shares short for TT as of 1721001600 were 2174528 with a Short Ratio of 1.75, compared to 1718323200 on 2734205. Therefore, it implies a Short% of Shares Outstanding of 2174528 and a Short% of Float of 0.9599999499999999.
Dividends & Splits
TT’s forward annual dividend rate is 3.18, up from 3.09 a year ago. Against a Trailing Annual Dividend Yield of 0.00928374The stock’s 5-year Average Dividend Yield is 1.52.
