Trane Technologies plc (NYSE: TT) is -5.42% lower on its value in year-to-date trading and has touched a low of $286.32 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 $350.06 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $349.33, the stock is 1.01% and -3.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -0.21% at the moment leaves the stock -4.44% off its SMA200. TT registered 19.73% gain for a year compared to 6-month loss of -6.75%. The firm has a 50-day simple moving average (SMA 50) of $362.13 and a 200-day simple moving average (SMA200) of $365.57626.
The stock witnessed a -5.73% gain in the last 1 month and extending the period to 3 months gives it a -12.31%, and is 3.08% 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 2.39% over the week and 2.83% over the month.
Trane Technologies plc (TT) has around 45000 employees, a market worth around $78.35B and $19.84B in sales. Current P/E ratio is 31.06 and Fwd P/E is 24.38. Profit margin for the company is 12.94%. Distance from 52-week low is 22.01% and -17.22% 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 14.33% this year, but quarterly earnings will post 7.28% year-over-year. Quarterly sales are estimated to grow 5.78% in year-over-year returns.
2172.0 institutions hold shares in Trane Technologies plc (TT), with institutional investors hold 88.88% of the company’s shares. The shares outstanding are 224.47M, and float is at 223.61M with Short Float at 1.55%. Institutions hold 88.60% of the Float.
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 Regnery David S, the company’s Chair and CEO. SEC filings show that Regnery David S sold 26,989 shares of the company’s common stock on Mar 05 ’25 at a price of $346.95 per share for a total of $9.36 million. Following the sale, the insider now owns 0.12 million shares.
Trane Technologies plc disclosed in a document filed with the SEC on Mar 05 ’25 that Simmons Donald E. (Group President, Americas) sold a total of 3,373 shares of the company’s common stock. The trade occurred on Mar 05 ’25 and was made at $350.00 per share for $1.18 million. Following the transaction, the insider now directly holds 3593.0 shares of the TT stock.
Still, SEC filings show that on Mar 05 ’25, Turtz Evan M (Senior Vice President) disposed off 3,778 shares at an average price of $346.99 for $1.31 million. The insider now directly holds 21,756 shares of Trane Technologies plc (TT).
