Trane Technologies plc (NYSE: TT) is -5.05% lower on its value in year-to-date trading and has touched a low of $279.00 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 $348.78 in the last trading session, with the day’s gains setting it 1.93%.
Currently trading at $350.71, the stock is -2.49% and -6.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing 0.55% at the moment leaves the stock -3.76% off its SMA200. TT registered 24.44% gain for a year compared to 6-month gain of -0.62%.
The stock witnessed a -4.60% loss in the last 1 month and extending the period to 3 months gives it a -15.57%, and is -5.35% 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 2.90% over the week and 2.51% over the month.
Trane Technologies plc (TT) has around 45000 employees, a market worth around $78.66B and $19.84B in sales. Current P/E ratio is 31.18 and Fwd P/E is 24.49. Profit margin for the company is 12.94%. Distance from 52-week low is 25.70% and -16.89% from its 52-week high. The company has generated returns on investments over the last 12 months (21.02%).
The EPS is expected to grow by 14.33% this year
The shares outstanding are 224.47M, and float is at 223.61M with Short Float at 1.41%.
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
The most recent transaction is an insider sale by Turtz Evan M, the company’s Senior Vice President. SEC filings show that Turtz Evan M sold 477 shares of the company’s common stock on Feb 11 ’25 at a price of $359.77 per share for a total of $0.17 million. Following the sale, the insider now owns 20036.0 shares.
Trane Technologies plc disclosed in a document filed with the SEC on Feb 11 ’25 that Kuehn Christopher J (Executive Vice President & CFO) sold a total of 856 shares of the company’s common stock. The trade occurred on Feb 11 ’25 and was made at $359.94 per share for $0.31 million. Following the transaction, the insider now directly holds 61365.0 shares of the TT stock.
Still, SEC filings show that on Feb 11 ’25, Regnery David S (Chair and CEO) disposed off 3,120 shares at an average price of $360.14 for $1.12 million. The insider now directly holds 123,711 shares of Trane Technologies plc (TT).
