What Trane Technologies (TT) Investors Need to Know

By Ken Smith • Wednesday, November 29 15:43 • Permanent Link

Join us for a quick overview of Trane Technologies, a Auto Parts company whose shares moved 0.0% today. Here are some facts about the stock that should help you see the bigger picture:

Trane Technologies has moved 26.0% over the last year, and the S&P 500 logged a change of 12.0%
TT has an average analyst rating of hold and is -2.42% away from its mean target price of $228.29 per share
Its trailing earnings per share (EPS) is $8.57
Trane Technologies has a trailing 12 month Price to Earnings (P/E) ratio of 26.0 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $10.03 and its forward P/E ratio is 22.2
The company has a Price to Book (P/B) ratio of 7.59 in contrast to the S&P 500's average ratio of 2.95
Trane Technologies is part of the Industrials sector, which has an average P/E ratio of 20.49 and an average P/B of 3.78
TT has reported YOY quarterly earnings growth of 15.6% and gross profit margins of 0.3%
The company has a free cash flow of $1.48 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.