Trane Technologies plc (TT) - Stock & Dividends

Exchange: USA Stocks • Country: Ireland • Currency: USD • Type: Common Stock • ISIN: IE00BK9ZQ967

Trane Technologies plc, a company listed on the New York Stock Exchange under the symbol TT, specializes in creating innovative HVAC solutions globally, with a strong presence in Ireland. They are known for designing, manufacturing, selling, and servicing a wide range of products catering to heating, ventilation, air conditioning, and refrigeration needs.

Some of the products offered by Trane Technologies plc include air conditioners, heat pumps, chillers, coils, furnaces, and various other heating and cooling solutions for residential, commercial, and transportation applications. They also provide home automation products, dehumidifiers, and indoor air quality assessments to ensure a comfortable and healthy environment.

In addition to their comprehensive product range, Trane Technologies plc also offers services such as building management, energy efficiency programs, installation contracting, repair and maintenance solutions, and rental services. They cater to a diverse customer base, including businesses operating in sectors like transportation, facilities management, and industrial refrigeration.

Formerly known as Ingersoll-Rand Plc, the company rebranded to Trane Technologies plc in March 2020, reflecting its focus on cutting-edge HVAC technologies. With a history dating back to 1885, Trane Technologies plc is headquartered in Swords, Ireland, and operates under the brands Trane and Thermo King.

To learn more about Trane Technologies plc and its offerings, you can visit their official website at https://www.tranetechnologies.com.

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Drawdown (Underwater) Chart

Drawdown / Underwater Chart for Trane Technologies plc (TT) - Stock & Dividends

TT Stock Overview

Market Cap in USD 61,166m
Sector Industrials
Industry Building Products & Equipment
GiC SubIndustry Building Products
TER 0.00%
IPO / Inception 1985-07-01

TT Stock Ratings

Fundamental 7.29
Dividend 8.16
Growth 5y 8.69
Rel. Performance vs Sector 3.68
Analysts 3.46
Fair Price Total Ret. 320.20
Fair Price DCF 252.14

TT Dividends

Yield 12m 1.06%
Yield on Cost 5y 3.96%
Dividends CAGR 5y 12.77%
Payout Consistency 97.4%

TT Growth Ratios

Growth 12m 55.70%
Growth Correlation 12m 76%
Growth Correlation 3m 88%
CAGR 5y 30.16%
CAGR / Mean Drawdown 3.09
Sharpe Ratio 12m 1.89
Alpha vs SP500 12m 25.93
Beta vs SP500 5y weekly 1.00
CAPM 7.99%
Average Daily Range 2m 1.66%
Regime Oscillator 84.64
Volatility GJR Garch 1y 21.67%
Price / SMA 50 10.69%
Price / SMA 200 33.1%
Current Volume 714.4k
Average Volume 20d 1279.3k

External Links for TT Stock

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What is the price of TT stocks?
As of February 28, 2024, the stock is trading at USD 283.52 with a total of 714,406 shares traded.
Over the past week, the price has changed by +2.67%, over one month by +12.73%, over three months by +25.89% and over the past year by +56.28%.
Why is TT stock down?
Check with which Index or Commodity TT has the highest Correlation, do they have a common driver?
Review the Fundamentals to find weaknesses (Debt, low returns). Check the Performance of the Peer-Group to find out, if the entire sector is under pressure.
Period Return TT Return S&P 500
1 Month 12.73% 4.00%
3 Months 25.89% 11.99%
12 Months 56.28% 29.39%
What is the forecast for TT stock price target?
According to ValueRays Forecast Model, TT Trane Technologies plc will be worth about 355.4 in February 2025. The stock is currently trading at 283.52. This means that the stock has a potential upside of +25.35%.
Issuer Forecast Upside
Wallstreet Target Price 274.7 -3.1%
Analysts Target Price 217.3 -23.4%
ValueRay Target Price 355.4 25.3%

Trane Technologies: Pioneering HVAC Solutions and Beyond

History of Innovation

Trane Technologies plc, known for its leadership in climate control solutions, embarked on its journey over a century ago. What commenced as a family business has escalated into a global enterprise, distinguished by its commitment to innovation, sustainability, and efficiency in the heating, ventilation, and air conditioning (HVAC) industry.

Core Business and Expansion into Side Ventures

At its core, Trane Technologies specializes in designing, manufacturing, and servicing a broad spectrum of HVAC products and systems, catering to both residential and commercial markets. The brand is synonymous with quality and reliability, offering energy-efficient solutions that have garnered trust worldwide. However, Trane Technologies’ ambitions do not stop at HVAC. The company has progressively branched out, leveraging its expertise to venture into adjacent markets, including building management systems and energy services, illustrating a dynamic approach to growth and innovation.

Current Market Presence

Today, Trane Technologies stands as a formidable entity on the NYSE (New York Stock Exchange) under the ticker symbol TT, showcasing resilient performance amid fluctuating market conditions. The company's dedication to sustainability and energy efficiency continues to resonate strongly with stakeholders, positioning Trane Technologies as a leader in the global push for climate action. With a robust portfolio and an unwavering focus on advancing industry standards, Trane Technologies is not only navigating the present but is also shaping the future of environmental stewardship through its business practices.