After Hours
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. After-hours trades for Trane Technologies plc (TT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.01%, to $177.72. The Trane Technologies plc has recorded 12,318 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Trane Technologies Outlines Transition Plan to Achieve Net-Zero Targets by 2050.
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Stocks Info
The company is listed on the NYSE and operates within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $177.73 and fluctuated between $179.46 as its day high and $174.96 as its day low. The current market capitalization of Trane Technologies plc is $40.33B. A total of 0.86 million shares were traded on the day, compared to an average of 1.66M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TT has seen 8 BUY and 8 SELL insider trades, representing the acquisition of 75,599 and the disposition of 31,580 shares. Over the last 12 months, there were 34 BUYs and 65 SELLs from insiders. Insiders purchased 169,316 shares during that period but sold 107,731.
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
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Trane Technologies plc pays an annual dividend of $3.00, resulting in a dividend yield of 1.69%, and it has a price to earnings (P/E) ratio of 22.78. TT’s most recent ex-dividend date was 6/1/2023 when it declared a $0.75 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/2/2023. The TT stock dividend was $0.75 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TT in the last 3 months, the mean price target is $193.61 with high estimates of $245.00 and low estimates of $160.00. 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 $2.55 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $2.6 per share and a lower estimate of $2.52. The company reported an EPS of $1.82 in the last quarter, which was 11.00% higher than expectations of $1.64.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $4.48B in liabilities at the time. Its Book Value Per Share was $26.32, while its Total Shareholder’s Equity was $6.27B.
Analysts Opinion
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. 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 3.32.
