Trane Technologies moved 1.7% this evening session, trading between a high of $205.839 and a low of $198.58 per share. Yesterday the stock finished at $200.82 per share, compared to an average analyst target price of $218.35.
Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. The large-cap auto parts:o.e.m. company is based in Ireland, and over the last twelve months it has returned a dividend yield of 1.4%. Trane Technologies has trailing twelve months earnings per share (EPS) of 8.38, which at today's prices amounts to a price to earnings (P/E) ratio of 24.4.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 1.76. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-10 | 15,991,700 | -11,026,900 | 31 | -3.12 |
| 2022-02-07 | 14,136,400 | -9,666,800 | 32 | 3.23 |
| 2021-02-09 | 12,454,700 | -8,651,300 | 31 | 0.0 |
| 2020-02-18 | 13,075,900 | -9,085,500 | 31 | 3.33 |
| 2019-02-12 | 12,343,800 | -8,582,500 | 30 | -3.23 |
| 2018-02-12 | 14,197,600 | -9,811,600 | 31 |
At 31.0%, Trane Technologies's average gross margins are wider than the 14.56% average of its industry peer group, which suggests that the firm might have a competitive advantage.
