Analysts Point To Trane Technologies plc (NYSE: TT) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, TT falls under the Industrials sector while operating within the Building Products & Equipment industry segment. The current market capitalization of Trane Technologies plc is $77.99B. A total of 0.83 million shares were traded on the day, compared to an average of 1.18M shares.

In the most recent transaction, Camuti Paul A sold 19,447 shares of TT for 321.33 per share on Jun 05 ’24. After the transaction, the Executive Vice President now owns 88,909 company shares. In a previous transaction on Jun 05 ’24, Turtz Evan M sold 8,988 shares at 321.30 per share. TT shares that Senior Vice President owns now total 20,758.

Among the insiders who sold shares, Kuehn Christopher J disposed of 4,025 shares on Jun 05 ’24 at a per-share price of $321.41. This resulted in the Executive Vice President & CFO holding 61,293 shares of TT after the transaction. In another insider transaction, Kuehn Christopher J sold 4,000 shares at $318.67 per share on Jun 04 ’24. Company shares held by the Executive Vice President & CFO now total 61,293.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Trane Technologies plc pays an annual dividend of $3.18, resulting in a dividend yield of 0.92%, and it has a price to earnings (P/E) ratio of 36.83. TT’s most recent ex-dividend date was 9/6/2024 when it declared a $0.84 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/7/2024. The TT stock dividend was $0.84 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, TT has a high of $345.46 and a low of $184.02.

As of this writing, TT has an earnings estimate of $3.08 per share for the current quarter. EPS was calculated based on a consensus of 18.0 estimates, with a high estimate of $3.14 per share and a lower estimate of $3.04. The company reported an EPS of $2.68 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. TT’s latest balance sheet shows that the firm has $2.16B in Cash & Short Term Investments as of fiscal 2021. There were $4.84B in debt and $4.75B in liabilities at the time. Its Book Value Per Share was $30.39, while its Total Shareholder’s Equity was $6.27B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TT is Buy with a score of 3.44.

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