How Worried Should Investors Be About Trane Technologies plc (TT)

Trane Technologies plc (NYSE:TT) does about 1.15M shares in volume on a normal day but saw 1229760 shares change hands in Friday trading. The company now has a market cap of 75.08B USD. Its current market price is $331.68, marking an increase of 0.12% compared to the previous close of $331.29. The 52 week high reached by this stock is $345.46 whilst the lowest price level in 52 weeks is $184.02.

Trane Technologies plc (TT) has a 20-day trading average at $330.45 and the current price is -3.99% off the 52-week high compared with 80.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $326.06 and its 200-day simple moving average is $267.47. If we look at the stock’s price movements over the week, volatility stands at 2.64%, which decreases to 2.39% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.53 to suggest the stock is neutral.

The consensus objective for the share price is $341.41, suggesting that the stock has a potential upside of 2.85% over the period.


The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 06, 2023 when JP Morgan upgraded the stock to “Neutral” and issued a price target of $191. BofA Securities also upgraded the stock to “Neutral” from Underperform on October 05, 2023 at a price target of $187-$210. HSBC Securities initiated its price target at $256.

Trane Technologies plc (TT) stock is down -0.59% over the week and 3.80% over the past month. Its price is 35.99% year-to-date and 74.78% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 2.68 above consensus estimates by 0.12. The company’s next earnings report forecasts estimating quarterly EPS at 3.07 and 10.52 for whole year. Expected sales for next quarter are $5.23B, which analysts say will come at $19.24B for the current fiscal year and next year at $20.52B. In addition, estimates put the company’s current quarterly revenue at an average of $5.12B.

To reach the target analysts have set, the stock logically needs to grow 2.85 percent from here.

The company has a return on investment of 19.81% and return on equity of 33.73%. The price to earnings ratio (P/E ratio) amounts to 35.45 while the forward price to earnings ratio is 28.06. The beta has a value of 1.05. Price to book ratio is 10.91 and price to sales ratio is 4.12.