How have TT shares performed this year?

Trane Technologies' stock was trading at $243.90 on January 1st, 2024. Since then, TT shares have increased by 35.2% and is now trading at $329.70. View the best growth stocks for 2024 here .

How were Trane Technologies' earnings last quarter?

Trane Technologies plc (NYSE:TT) released its quarterly earnings data on Tuesday, April, 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The company's revenue for the quarter was up 15.0% on a year-over-year basis. Read the conference call transcript .

What is Michael W. Lamach's approval rating as Trane Technologies' CEO?

610 employees have rated Trane Technologies Chief Executive Officer Michael W. Lamach on Glassdoor.com . Michael W. Lamach has an approval rating of 92% among the company's employees. This puts Michael W. Lamach in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Trane Technologies have any subsidiaries?

Trane Technologies subsidiaries include EcoFactor, Precision Flow Systems, ICS Cool Energy, CALMAC Corp, FRIGOBLOCK, Cameron International Corporation - Centrifugal Compression Business, 200 PARK INC., and others.

Who are Trane Technologies' major shareholders?

Trane Technologies' top institutional shareholders include Bank of New York Mellon Corp (1.60%), Ninety One UK Ltd (0.54%), Raymond James & Associates (0.46%) and Swedbank AB (0.32%). Insiders that own company stock include David S Regnery , Raymond D Pittard , Christopher J Kuehn , Keith A Sultana , Evan M Turtz , Mairead Magner , Linda P Hudson, Mark Majocha, Donald E Simmons , Michael W Lamach and Marcia J Avedon . View institutional ownership trends .

How do I buy shares of Trane Technologies?

Shares of TT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of Trane Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trane Technologies investors own include AT&T (T) , Broadcom (AVGO) , Intel (INTC) , Johnson & Johnson (JNJ) , AbbVie (ABBV) , Pfizer (PFE) and Cisco Systems (CSCO) .

NYSE:TT

Trane Technologies (TT) Stock Price, News & Analysis

$329.70

+7.48 (+2.32%)

(As of 07/26/2024 ET)

Compare

Today's Range: $323.30
▼
$333.26
50-Day Range: $318.28
▼
$346.33
52-Week Range: $184.02
▼
$347.33

Volume: 1.23 million shs
Average Volume: 1.11 million shs
Market Capitalization: $74.63 billion

P/E Ratio: 35.22
Dividend Yield: 1.02%
Price Target: $312.36

Get Trane Technologies alerts:

Trane Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.36 Rating Score
Upside/Downside: 5.3% Downside
$312.36 Price Target
Short Interest: Healthy
0.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.74
Upright™ Environmental Score
News Sentiment: 1.03
Based on 11 Articles This Week
Insider Trading: Selling Shares
$4.16 M Sold Last Quarter
Proj. Earnings Growth: 10.68%
From $10.49 to $11.61 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Business Services Sector

25th out of 317 stocks

Environmental Controls Industry

1st out of 1 stocks

2.2

Analyst's Opinion

Consensus Rating
Trane Technologies has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 6 buy ratings, 7 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Trane Technologies has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Trane Technologies' stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
0.96% of the float of Trane Technologies has been sold short.
Short Interest Ratio / Days to Cover
Trane Technologies has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Trane Technologies has recently decreased by 20.80%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Trane Technologies pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Trane Technologies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Trane Technologies is 35.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Trane Technologies will have a dividend payout ratio of 28.94% next year. This indicates that Trane Technologies will be able to sustain or increase its dividend.
Read more about Trane Technologies' dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Trane Technologies has received a 3.80% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Heat pumps", "Thermal energy storages", "Installation of heat distribution systems for buildings", "Thermostats", "Compressed air blowers", and "Building energy efficiency engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Trane Technologies is -2.74.

3.9

News and Social Media Coverage

News Sentiment
Trane Technologies has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Trane Technologies this week, compared to 9 articles on an average week.
Search Interest
21 people have searched for TT on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
MarketBeat Follows
14 people have added Trane Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Trane Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,162,524.00 in company stock.
Percentage Held by Insiders
Only 0.38% of the stock of Trane Technologies is held by insiders.
Percentage Held by Institutions
82.97% of the stock of Trane Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Trane Technologies' insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Trane Technologies are expected to grow by 10.68% in the coming year, from $10.49 to $11.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Trane Technologies is 35.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Trane Technologies is 35.22, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 20.65.
Price to Earnings Growth Ratio
Trane Technologies has a PEG Ratio of 2.58. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Trane Technologies has a P/B Ratio of 10.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Trane Technologies' valuation and earnings.

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About Trane Technologies Stock (NYSE:TT)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

TT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TT Stock News Headlines

July 5, 2024 | marketbeat.com

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As global temperatures rise, so too does the demand for cooling technologies. This demand creates a market for solutions that keep things cool, encompassing everything from residential air conditioners to sophisticated commercial refrigeration systems.

July 5, 2024 | marketbeat.com

Investing in Cooling Technologies: 3 Top Stocks to Beat the Heat (TT)

The cooling technologies sector offers long-term investment potential driven by climate change, energy efficiency, and rising global demand.

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July 24 at 11:33 AM | benzinga.com

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July 24 at 7:53 AM | americanbankingnews.com

Trane Technologies (TT) Scheduled to Post Quarterly Earnings on Wednesday

July 23 at 8:31 PM | msn.com

Cramer's Lightning Round: Trane Technologies is a buy

July 23 at 7:00 AM | investorplace.com

3 No-Brainer Construction Stocks on Track to Double (or More) by 2028

July 11, 2024 | businesswire.com

Trane Technologies Schedules Second Quarter 2024 Earnings Conference Call

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June 26, 2024 | businesswire.com

Trane Technologies Recognized for its Uplifting Culture by U.S. News & World Report and Great Place to Work

June 25, 2024 | businesswire.com

Trane Technologies Completes the U.S. Department of Energy's Residential Cold Climate Heat Pump Challenge with Exceptional Performance

June 19, 2024 | investorplace.com

3 Air Conditioner Stocks to Buy on the Dip Before They Heat Up

June 12, 2024 | businesswire.com

Trane Technologies Providing Access to STEM Education Through Additional $1.2 Million Investment in Project Scientist

June 11, 2024 | seekingalpha.com

Trane Technologies: It's Not Going To Get Cooler

June 7, 2024 | businesswire.com

Trane Technologies Declares Quarterly Dividend

June 4, 2024 | businesswire.com

AV Access Showcases Innovative iDock C20 KVM Switch Docking Station at Computex 2024 in Taipei

June 4, 2024 | businesswire.com

Trane Technologies Prices $500 Million Senior Notes Offering

May 31, 2024 | seekingalpha.com

Trane Technologies: This Steaming Valuation Needs To Cool Down Before I Buy

See More Headlines

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Company Calendar

Last Earnings: 4/30/2024
Ex-Dividend for 6/28 Dividend: 6/07/2024
Dividend Payable: 6/28/2024
Today: 7/26/2024
Next Earnings (Confirmed): 7/31/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Environmental controls
Sub-Industry: Measuring And Control Equipment
Current Symbol: NYSE:TT
CUSIP: N/A
CIK: 1466258
Web: www.tranetechnologies.com
Phone: (531) 870-7400
Fax: 201-573-3448
Employees: 40,000
Year Founded: 1871

Price Target and Rating

Average Stock Price Target: $312.36
High Stock Price Target: $385.00
Low Stock Price Target: $210.00
Potential Upside/Downside: -5.7%
Consensus Rating: Hold
Rating Score (0-4): 2.36
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.36
Trailing P/E Ratio: 35.38
Forward P/E Ratio: 31.57
P/E Growth: 2.58
Net Income: $2.02 billion
Net Margins: 11.81%
Pretax Margin: 14.97%
Return on Equity: 32.78%
Return on Assets: 11.52%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 1.13
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $17.68 billion
Price / Sales: 4.24
Cash Flow: $10.64 per share
Price / Cash Flow: 31.13
Book Value: $30.84 per share
Price / Book: 10.74

Miscellaneous

Outstanding Shares: 226,350,000
Free Float: 225,492,000
Market Cap: $74.95 billion
Optionable: Optionable
Beta: 1.01

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Key Executives

Mr. David S. Regnery (Age 61)
Chairman of the Board & CEO
Comp: $6.01M
Mr. Christopher J. Kuehn (Age 51)
Executive VP & CFO
Comp: $2.49M
Mr. Paul A. Camuti (Age 62)
Executive VP, Chief Technology & Sustainability Officer and Member of Advisory Council
Comp: $1.7M
Mr. Evan M. Turtz (Age 55)
Senior VP, General Counsel & Secretary
Comp: $1.34M
Mr. Raymond D. Pittard (Age 58)
Executive VP & Chief Integrated Supply Chain Officer
Comp: $1.47M
Ms. Elizabeth Elwell (Age 50)
VP, Chief Accounting Officer & Principal Accounting Officer
Mr. M. Stephen Hagood
Senior VP & Chief Information Officer
Mr. Zachary A. Nagle
Vice President of Investor Relations
Ms. Carrie Amendum Ruddy
Senior VP, Chief Communications & Marketing Officer
Ms. Mairead A. Magner (Age 46)
Senior VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Trane Technologies Stock? TT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Trane Technologies plc:

Trane Technologies' stock price has been consistently increasing, reaching $344.55 on the latest trading day, indicating positive momentum.
Analysts have raised the price target for Trane Technologies, with a consensus target of $310.86, suggesting potential for further growth.
Trane Technologies has a market cap of $77.99 billion, reflecting the company's size and stability in the market.
The company has a relatively low debt-to-equity ratio of 0.58, indicating a healthy financial structure.
Trane Technologies has a diverse product portfolio and a strong presence in the HVAC and climate control industry, providing stability and growth opportunities.

Cons

Investors should be bearish about investing in Trane Technologies plc for these reasons:

Trane Technologies' stock has recently reached a high of $345.46, potentially indicating a near-term resistance level that could limit further upside.
Some analysts have issued neutral or underweight ratings on Trane Technologies, suggesting caution in the short to medium term.
The company's P/E ratio of 36.81 and P/E/G ratio of 2.58 may indicate a relatively high valuation compared to industry peers.
Trane Technologies' beta of 1.01 implies the stock's price sensitivity to market movements, which could lead to increased volatility.
While the company has shown growth, investors should consider potential market risks and economic uncertainties that could impact Trane Technologies' performance.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 22, 2024. Please send any questions or comments about these Trane Technologies pros and cons to contact@marketbeat.com.

TT Stock Analysis - Frequently Asked Questions

How have TT shares performed this year?: Trane Technologies' stock was trading at $243.90 on January 1st, 2024. Since then, TT shares have increased by 35.2% and is now trading at $329.70.
View the best growth stocks for 2024 here.
How were Trane Technologies' earnings last quarter?: Trane Technologies plc (NYSE:TT) released its quarterly earnings data on Tuesday, April, 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The company's revenue for the quarter was up 15.0% on a year-over-year basis.
Read the conference call transcript.
What is Michael W. Lamach's approval rating as Trane Technologies' CEO?: 610 employees have rated Trane Technologies Chief Executive Officer Michael W. Lamach on Glassdoor.com. Michael W. Lamach has an approval rating of 92% among the company's employees. This puts Michael W. Lamach in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Does Trane Technologies have any subsidiaries?: Trane Technologies subsidiaries include EcoFactor, Precision Flow Systems, ICS Cool Energy, CALMAC Corp, FRIGOBLOCK, Cameron International Corporation - Centrifugal Compression Business, 200 PARK INC., and others.
Who are Trane Technologies' major shareholders?: Trane Technologies' top institutional shareholders include Bank of New York Mellon Corp (1.60%), Ninety One UK Ltd (0.54%), Raymond James & Associates (0.46%) and Swedbank AB (0.32%). Insiders that own company stock include David S Regnery, Raymond D Pittard, Christopher J Kuehn, Keith A Sultana, Evan M Turtz, Mairead Magner, Linda P Hudson, Mark Majocha, Donald E Simmons, Michael W Lamach and Marcia J Avedon.
View institutional ownership trends.
How do I buy shares of Trane Technologies?: Shares of TT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
What other stocks do shareholders of Trane Technologies own?: Based on aggregate information from My MarketBeat watchlists, some other companies that Trane Technologies investors own include AT&T (T), Broadcom (AVGO), Intel (INTC), Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE) and Cisco Systems (CSCO).

This page (NYSE:TT) was last updated on 7/26/2024 by MarketBeat.com Staff

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Trane Technologies (TT) Stock Price, News & Analysis

Trane Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Dividend Coverage

Dividend Sustainability

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio