Trane Technologies plc (NYSE: TT) is -2.08% lower on its value in year-to-date trading and has touched a low of $265.37 and a high of $422.00 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 $364.77 in the last trading session, with the day’s loss setting it -3.11%.
Currently trading at $361.66, the stock is -3.07% and -5.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing -0.85% at the moment leaves the stock -0.24% off its SMA200. TT registered 31.30% gain for a year compared to 6-month gain of 8.64%. The firm has a 50-day simple moving average (SMA 50) of $384.3308 and a 200-day simple moving average (SMA200) of $362.22876.
The stock witnessed a -4.06% loss in the last 1 month and extending the period to 3 months gives it a -11.91%, and is 1.07% up 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 2.12% over the week and 2.28% over the month.
Trane Technologies plc (TT) has around 45000 employees, a market worth around $81.12B and $19.84B in sales. Current P/E ratio is 32.15 and Fwd P/E is 25.30. Profit margin for the company is 12.94%. Distance from 52-week low is 36.29% and -14.30% from its 52-week high. The company has generated returns on investments over the last 12 months (21.02%).
with sales reaching $4.46B over the same period.The EPS is expected to grow by 14.22% this year, but quarterly earnings will post 7.31% year-over-year. Quarterly sales are estimated to grow 5.85% in year-over-year returns.
The shares outstanding are 224.47M, and float is at 221.95M with Short Float at 1.42%.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.39 million shares valued at $6.38 billion. The investor’s holdings represent 8.5254 of the TT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 18.94 million shares valued at $6.23 billion to account for 8.3299 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 16.83 million shares representing 7.4285 and valued at over $5.54 billion, while FMR LLC holds 4.3712 of the shares totaling 9.94 million with a market value of $3.27 billion.
Trane Technologies plc (TT) Insider Activity
Still, SEC filings show that on Feb 10 ’25, Kuehn Christopher J (Executive Vice President & CFO) disposed off 770 shares at an average price of $358.39 for $0.28 million. The insider now directly holds 62,221 shares of Trane Technologies plc (TT).
