Trane Technologies moved 0.5% this afternoon session, trading between a high of $229.395 and a low of $226.32 per share. Yesterday the stock finished at $225.71 per share, compared to an average analyst target price of $227.24.
Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. The large-cap auto parts:o.e.m. company is based in Ireland, and over the last twelve months it has returned a dividend yield of 1.3%. Trane Technologies has trailing twelve months earnings per share (EPS) of 8.58, which at today's prices amounts to a price to earnings (P/E) ratio of 26.4.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 1.71. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Trane Technologies's Operating Margins:
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 16,816,300 | 2,718,000 | 16 | 6.67 |
| 2022 | 15,991,700 | 2,545,900 | 15 | 7.14 |
| 2021 | 14,136,400 | 2,446,300 | 14 | 16.67 |
| 2020 | 12,454,700 | 2,270,600 | 12 | -7.69 |
| 2019 | 13,075,900 | 2,320,300 | 13 | 8.33 |
| 2018 | 12,343,800 | 2,249,200 | 12 |
Over the last 6 years, Trane Technologies's operating margins have averaged 13.7%, which is better than the 5.06% Auto Parts industry average. We also note that the company's operating margins have a high coefficient of variability at 64.2%. The firm's margins exhibit a relatively stable growth trend of 4.7%.
