Trane Technologies plc (NYSE: TT) is 17.23% higher on its value in year-to-date trading and has touched a low of $162.04 and a high of $289.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TT stock was last observed hovering at around $287.71 in the last trading session, with the day’s loss setting it -1.78%.
Currently trading at $285.93, the stock is 1.65% and 7.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.62% at the moment leaves the stock 30.33% off its SMA200. TT registered 54.50% gain for a year compared to 6-month gain of 37.16%. The firm has a 50-day simple moving average (SMA 50) of $3.88 and a 200-day simple moving average (SMA200) of $21.78.
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The stock witnessed a 5.11% loss in the last 1 month and extending the period to 3 months gives it a 20.45%, and is -0.14% 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 1.65% over the week and 1.49% over the month.
Trane Technologies plc (TT) has around 40000 employees, a market worth around $64.93B and $17.68B in sales. Current P/E ratio is 32.56 and Fwd P/E is 25.00. Profit margin for the company is 11.45%. Distance from 52-week low is 76.46% and -1.33% from its 52-week high. The company has generated returns on investments over the last 12 months (17.85%).
Trane Technologies plc quarterly earnings per share for the current quarter are estimated at $1.63 with sales reaching $3.99B over the same period.The EPS is expected to grow by 13.16% this year, but quarterly earnings will post 7.50% year-over-year. Quarterly sales are estimated to grow 8.80% in year-over-year returns.
1,688 institutions hold shares in Trane Technologies plc (TT), with institutional investors hold 87.53% of the company’s shares. The shares outstanding are 227.17M, and float is at 226.28M with Short Float at 1.06%. Institutions hold 87.24% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 20.34 million shares valued at $3.89 billion. The investor’s holdings represent 8.90% of the TT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 18.69 million shares valued at $3.57 billion to account for 8.18% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 16.21 million shares representing 7.10% and valued at over $3.1 billion, while State Street Corporation holds 4.31% of the shares totaling 9.83 million with a market value of $1.88 billion.
Trane Technologies plc (TT) Insider Activity
The most recent transaction is an insider sale by Regnery David S, the company’s Chair and CEO. SEC filings show that Regnery David S sold 9,782 shares of the company’s common stock on Mar 06 ’24 at a price of $286.43 per share for a total of $2.8 million. Following the sale, the insider now owns 0.1 million shares.
Trane Technologies plc disclosed in a document filed with the SEC on Mar 06 ’24 that Kuehn Christopher J (Executive Vice President & CFO) sold a total of 3,762 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $286.48 per share for $1.08 million. Following the transaction, the insider now directly holds 61691.0 shares of the TT stock.
Still, SEC filings show that on Mar 05 ’24, Regnery David S (Chair and CEO) disposed off 6,990 shares at an average price of $286.19 for $2.0 million. The insider now directly holds 113,874 shares of Trane Technologies plc (TT).
