After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Trane® Fort Smith Plant Recognized for Significant Safety Achievement.
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Stocks Info
Trane Technologies plc is listed on the NYSE in the Industrials sector while operating in the Building Products & Equipment industry. The current market capitalization of Trane Technologies plc is $63.99B. A total of 0.68 million shares were traded on the day, compared to an average of 1.11M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 36 SELLs from insiders. Insiders purchased 143,329 shares during that period but sold 112,351.
In the most recent transaction, Kuehn Christopher J sold 2,767 shares of TT for 268.31 per share on Feb 13. After the transaction, the Executive Vice President & CFO now owns 54,788 company shares. In a previous transaction on Feb 13, Simmons Donald E. sold 1,197 shares at 268.36 per share. TT shares that Group President, Americas owns now total 3,388.
Among the insiders who sold shares, Camuti Paul A disposed of 677 shares on Feb 12 at a per-share price of $273.23. This resulted in the Executive Vice President holding 88,770 shares of TT after the transaction. In another insider transaction, Turtz Evan M sold 493 shares at $273.20 per share on Feb 12. Company shares held by the Senior Vice President now total 19,003.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Trane Technologies plc pays an annual dividend of $3.00, resulting in a dividend yield of 1.06%, and it has a price to earnings (P/E) ratio of 32.09. TT’s most recent ex-dividend date was 2/29/2024 when it declared a $0.84 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 11/30/2023. The TT stock dividend was $0.75 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for TT in the last 3 months, the mean price target is $276.12 with high estimates of $309.00 and low estimates of $235.00. In terms of 52-week highs and lows, TT has a high of $283.25 and a low of $162.04.
As of this writing, TT has an earnings estimate of $1.63 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.68 per share and a lower estimate of $1.59. The company reported an EPS of $2.79 in the last quarter, which was 4.90% higher than expectations of $2.66.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $4.75B in liabilities at the time. Its Book Value Per Share was $30.79, while its Total Shareholder’s Equity was $6.27B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.
