How to buy Trane Technologies stock (TT)

Trane Technologies is a building products & equipment business based in the US. Trane Technologies shares (TT) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $376.90 – a decrease of 5.62% over the previous week. Trane Technologies employs 40,000 staff and has a trailing 12-month revenue of around $19.4 billion.

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Trane Technologies stock price (NYSE: TT)

Use our graph to track the performance of TT stocks over time.

Trane Technologies shares at a glance

• Key figures

Information last updated 2024-12-18.

Latest market close	$376.90
52-week range	$231.41 - $421.15
50-day moving average more info button	$401.70
200-day moving average more info button	$347.66
Wall St. target price	$414.62
PE ratio more info button	34.7202
Dividend yield more info button	$3.27 (0.89%)
Earnings per share (TTM) more info button	$10.90

Is it a good time to buy Trane Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Trane Technologies price performance over time

Historical closes compared with the close of $378.45 from 2024-12-18

1 week (2024-12-13)	-5.24%
1 month (2024-11-20)	-7.96%
3 months (2024-09-20)	-1.68%
6 months (2024-06-20)	12.66%

1 year (2023-12-20)	58.65%
2 years (2022-12-20)	130.12%
3 years (2021-12-20)	106.00%
5 years (2019-12-20)	289.42%

Is Trane Technologies stock undervalued or overvalued?

Valuing Trane Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Trane Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Trane Technologies's P/E ratio

Trane Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, Trane Technologies shares trade at around 35x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Trane Technologies's PEG ratio

Trane Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8053. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Trane Technologies's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Trane Technologies's EBITDA

Trane Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.7 billion.

The EBITDA is a measure of a Trane Technologies's overall financial performance and is widely used to measure a its profitability.

Trane Technologies financials

Revenue TTM	$19.4 billion
Operating margin TTM	18.76%
Gross profit TTM	$5 billion
Return on assets TTM	10.54%
Return on equity TTM	35.15%
Profit margin	12.73%
Book value	$33.71
Market Capitalization more info button	$85.2 billion

TTM: trailing 12 months

Trane Technologies share dividends

Dividend payout ratio: 31.17% of net profits

Recently Trane Technologies has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Trane Technologies shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Trane Technologies's case, that would currently equate to about $3.27 per share.

While Trane Technologies's payout ratio might seem fairly standard, it's worth remembering that Trane Technologies may be investing much of the rest of its net profits in future growth.

Trane Technologies's most recent dividend payout was on 30 December 2024. The latest dividend was paid out to all shareholders who bought their shares by 5 December 2024 (the "ex-dividend date").

Have Trane Technologies's shares ever split?

Trane Technologies's shares were split on a 1289:1000 basis on 1 March 2020 . So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1289 shares. This wouldn't directly have changed the overall worth of your Trane Technologies shares – just the quantity. However, indirectly, the new 22.4% lower share price could have impacted the market appetite for Trane Technologies shares which in turn could have impacted Trane Technologies's share price.

Trane Technologies share price volatility

Over the last 12 months, Trane Technologies's shares have ranged in value from as little as $231.4143 up to $421.1459. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Trane Technologies's is 1.221. This would suggest that Trane Technologies's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Trane Technologies overview

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

Frequently asked questions

What percentage of Trane Technologies is owned by insiders or institutions?
Currently 0.303% of Trane Technologies shares are held by insiders and 87.379% by institutions. How many people work for Trane Technologies?
Latest data suggests 40,000 work at Trane Technologies. When does the fiscal year end for Trane Technologies?
Trane Technologies's fiscal year ends in December. Where is Trane Technologies based?
Trane Technologies's address is: 170/175 Lakeview Drive, Swords, Ireland What is Trane Technologies's ISIN number?
Trane Technologies's international securities identification number is: IE00BK9ZQ967 What is Trane Technologies's CUSIP number?
Trane Technologies's Committee on Uniform Securities Identification Procedures number is: 456866102