Trane Technologies plc (NYSE: TT) is -1.12% lower on its value in year-to-date trading and has touched a low of $120.64 and a high of $196.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TT stock was last observed hovering at around $168.02 in the last trading session, with the day’s loss setting it -1.81% off its average median price target of $191.00 for the next 12 months. It is also 32.16% off the consensus price target high of $245.00 offered by 24 analysts, but current levels are -3.88% lower than the price target low of $160.00 for the same period.
Currently trading at $166.21, the stock is -6.55% and -6.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -1.08% at the moment leaves the stock -2.64% off its SMA200. TT registered 26.39% gain for a year compared to 6-month gain of -5.68%. The firm has a 50-day simple moving average (SMA 50) of $2.86 and a 200-day simple moving average (SMA200) of $16.76.
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The stock witnessed a -7.06% loss in the last 1 month and extending the period to 3 months gives it a -8.52%, and is -5.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 2.37% over the month.
Trane Technologies plc (TT) has around 39000 employees, a market worth around $38.32B and $16.30B in sales. Current P/E ratio is 21.30 and Fwd P/E is 17.98. Profit margin for the company is 11.10%. Distance from 52-week low is 37.77% and -15.29% from its 52-week high. The company has generated returns on investments over the last 12 months (18.70%).
Trane Technologies plc (TT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Trane Technologies plc (TT) is a “Hold”. 24 analysts offering their recommendations for the stock have an average rating of 2.70, where 12 rate it as a Hold and 2 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Trane Technologies plc is expected to release its quarterly report on 08/02/2023.The EPS is expected to grow by 27.00% this year
Trane Technologies plc (TT) Top Institutional Holders
The shares outstanding are 229.30M, and float is at 227.99M with Short Float at 1.63%.
Trane Technologies plc (TT) Insider Activity
A total of 70 insider transactions have happened at Trane Technologies plc (TT) in the last six months, with sales accounting for 49 and purchases happening 21 times. The most recent transaction is an insider sale by Kuehn Christopher J, the company’s Executive Vice President & CFO. SEC filings show that Kuehn Christopher J sold 4,473 shares of the company’s common stock on May 17 at a price of $175.00 per share for a total of $0.78 million. Following the sale, the insider now owns 55221.0 shares.
Trane Technologies plc disclosed in a document filed with the SEC on May 16 that Kuehn Christopher J (Executive Vice President & CFO) sold a total of 3,547 shares of the company’s common stock. The trade occurred on May 16 and was made at $174.56 per share for $0.62 million. Following the transaction, the insider now directly holds 59694.0 shares of the TT stock.
Still, SEC filings show that on Mar 03, Camuti Paul A (Executive Vice President) disposed off 7,950 shares at an average price of $190.78 for $1.52 million. The insider now directly holds 89,021 shares of Trane Technologies plc (TT).
Trane Technologies plc (TT): Who are the competitors?
The company’s main competitors (and peers) include Johnson Controls International plc (JCI) that is 17.44% higher over the past 12 months. Carrier Global Corporation (CARR) is 7.92% up on the 1-year trading charts.
