Trane Technologies plc (NYSE: TT) is -6.16% 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 $352.06 in the last trading session, with the day’s loss setting it -5.46%.
Currently trading at $346.60, the stock is -0.09% and -3.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -1.55% at the moment leaves the stock -5.41% off its SMA200. TT registered 15.68% gain for a year compared to 6-month loss of -9.68%. The firm has a 50-day simple moving average (SMA 50) of $359.4206 and a 200-day simple moving average (SMA200) of $366.4044.
The stock witnessed a -1.17% gain in the last 1 month and extending the period to 3 months gives it a -8.18%, and is -0.78% 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 2.73% over the week and 2.79% over the month.
Trane Technologies plc (TT) has around 45000 employees, a market worth around $77.74B and $19.84B in sales. Current P/E ratio is 30.81 and Fwd P/E is 24.17. Profit margin for the company is 12.94%. Distance from 52-week low is 21.05% and -17.87% 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
2175.0 institutions hold shares in Trane Technologies plc (TT), with institutional investors hold 88.89% of the company’s shares. The shares outstanding are 224.47M, and float is at 223.60M with Short Float at 1.65%. Institutions hold 88.61% 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 8.5555 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 4.3866 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).
