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. After-hours trades for Trane Technologies plc (TT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.35, or 0.19%, to $181.52. The Trane Technologies plc has recorded 49,156 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Trane Technologies Approves Fossil-Free HVO Fuel for Thermo King Refrigerated Transport Solutions.
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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. At the end of the last regular session, the stock closed at $181.17 and fluctuated between $181.62 as its day high and $174.85 as its day low. The current market capitalization of Trane Technologies plc is $42.15B. A total of 1.92 million shares were traded on the day, compared to an average of 1.30M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TT has seen 12 BUY and 39 SELL insider trades, representing the acquisition of 64,396 and the disposition of 51,584 shares. Over the last 12 months, there were 26 BUYs and 58 SELLs from insiders. Insiders purchased 93,717 shares during that period but sold 76,407.
In the most recent transaction, Camuti Paul A sold 7,950 shares of TT for 190.78 per share on Mar 03. After the transaction, the Executive Vice President now owns 89,021 company shares. In a previous transaction on Mar 03, Turtz Evan M sold 2,095 shares at 190.83 per share. TT shares that Senior Vice President owns now total 19,601.
Among the insiders who sold shares, Camuti Paul A disposed of 536 shares on Feb 10 at a per-share price of $181.99. This resulted in the Executive Vice President holding 89,021 shares of TT after the transaction. In another insider transaction, Turtz Evan M sold 475 shares at $181.96 per share on Feb 10. Company shares held by the Senior Vice President now total 18,367.
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 $3.00, resulting in a dividend yield of 1.66%, and it has a price to earnings (P/E) ratio of 23.90. TT’s most recent ex-dividend date was 3/2/2023 when it declared a $0.75 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/1/2022. The TT stock dividend was $0.67 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. According to analysts who have offered 12-month price targets for TT in the last 3 months, the mean price target is $193.94 with high estimates of $245.00 and low estimates of $142.00. In terms of 52-week highs and lows, TT has a high of $196.22 and a low of $120.64.
As of this writing, TT has an earnings estimate of $1.33 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.35 per share and a lower estimate of $1.31. The company reported an EPS of $2.27 in the last quarter, which was 7.10% higher than expectations of $2.12.
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.
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, 23 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 Sell with a score of 3.35. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 12 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 2 thought it should be Sold.
