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Trane Technologies plc [TT] Stock Forecast
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In the News
Trane Technologies (TT) Gains 30% in a Year: Here's How
Consecutive better-than-expected top and bottom-line performance, shareholder-friendly moves and encouraging guidance have been benefiting Trane Technologies (TT) stock.
Trane Technologies: Good Growth Prospects And A Reasonable Valuation
Trane Technologies is benefiting from strong order bookings and a healthy backlog, with good visibility for near-term revenue growth. The company's commercial end-market, which accounts for 80% of its revenues, is experiencing favorable demand trends and secular growth drivers. Trane Technologies has a solid balance sheet to support its M&A strategy, and its margin growth prospects are promising.
3 Stocks That Topped Q3 Earnings and Still Have Room to Run
As we close the third quarter earnings season, it's time to reflect on the performance. Overall, it was a good quarter, with many companies exceeding earning expectations.
Trane Technologies (TT) Q3 Earnings Beat on Strong Volumes
Trane Technologies' (TT) third-quarter 2023 results benefit from high incremental business reinvestment that aided sustainability, innovation and growth initiatives.
Trane Technologies Stock Soared This Week: Here's Why
Its commercial end markets remain in growth mode, with particular strength in data centers, high-tech industries, and education. Its residential business will face easier year-over-year comparisons in 2024 after declines in 2023, and residential bookings are growing again.
Why Trane Technologies Stock Jumped Today
Trane Technologies easily exceeded revenue and earnings estimates in its third quarter of 2023. The company also saw global bookings reach an all-time high, led by its commercial HVAC business.
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Trane Technologies (TT) Q3 Earnings Beat Estimates, Rise Y/Y
Trane Technologies' (TT) third-quarter 2023 earnings and revenues rise year over year.
5 Top Stocks Set to Beat Q3 Earnings Estimates on Wednesday
We have narrowed our search to five corporate behemoths that are set to beat third-quarter earnings estimates on Wednesday. These are: APA, AIG, NI, DASH, TT.
TT Financial details
TT Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 64.77 | 69.65 | 52.15 | 59.22 | 69.89 | |
| Net income per share | 5.53 | 5.92 | 3.58 | 5.96 | 7.68 | |
| Operating cash flow per share | 5.82 | 8.05 | 6.01 | 6.65 | 6.57 | |
| Free cash flow per share | 4.31 | 6.99 | 5.4 | 5.72 | 5.3 | |
| Cash per share | 3.73 | 5.47 | 13.78 | 9.05 | 5.33 | |
| Book value per share | 29.2 | 30.69 | 26.91 | 26.28 | 26.68 | |
| Tangible book value per share | -10.46 | -15.19 | -9.22 | -10.63 | -11.64 | |
| Share holders equity per share | 29.2 | 30.69 | 26.91 | 26.28 | 26.68 | |
| Interest debt per share | 17.83 | 24.41 | 23.12 | 21.26 | 22.11 | |
| Market cap | 17.12B | 24.57B | 34.67B | 48.22B | 38.46B | |
| Enterprise value | 20.31B | 28.84B | 36.65B | 50.91B | 42.08B | |
| P/E ratio | 12.8 | 17.42 | 40.55 | 33.88 | 21.9 | |
| Price to sales ratio | 1.09 | 1.48 | 2.78 | 3.41 | 2.41 | |
| POCF ratio | 12.16 | 12.8 | 24.16 | 30.36 | 25.57 | |
| PFCF ratio | 16.43 | 14.76 | 26.9 | 35.32 | 31.73 | |
| P/B Ratio | 2.42 | 3.36 | 5.39 | 7.69 | 6.3 | |
| PTB ratio | 2.42 | 3.36 | 5.39 | 7.69 | 6.3 | |
| EV to sales | 1.3 | 1.74 | 2.94 | 3.6 | 2.63 | |
| Enterprise value over EBITDA | 9.06 | 12.11 | 20.01 | 21.91 | 15.47 | |
| EV to operating cash flow | 14.43 | 15.03 | 25.54 | 32.05 | 27.98 | |
| EV to free cash flow | 19.49 | 17.32 | 28.44 | 37.29 | 34.71 | |
| Earnings yield | 0.08 | 0.06 | 0.02 | 0.03 | 0.05 | |
| Free cash flow yield | 0.06 | 0.07 | 0.04 | 0.03 | 0.03 | |
| Debt to equity | 0.58 | 0.76 | 0.82 | 0.77 | 0.79 | |
| Debt to assets | 0.23 | 0.27 | 0.29 | 0.27 | 0.27 | |
| Net debt to EBITDA | 1.42 | 1.79 | 1.08 | 1.15 | 1.33 | |
| Current ratio | 1.33 | 1.28 | 1.59 | 1.44 | 1.12 | |
| Interest coverage | 8.69 | 8.3 | 6.16 | 8.66 | 10.82 | |
| Income quality | 1.02 | 1.38 | 1.45 | 1.09 | 0.84 | |
| Dividend Yield | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | |
| Payout ratio | 0.36 | 0.36 | 0.59 | 0.39 | 0.35 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.54 | 0.53 | 0.48 | 0.49 | 0.48 | |
| Capex to operating cash flow | -0.26 | -0.13 | -0.1 | -0.14 | -0.19 | |
| Capex to revenue | -0.02 | -0.02 | -0.01 | -0.02 | -0.02 | |
| Capex to depreciation | -1.01 | -0.64 | -0.5 | -0.74 | -0.9 | |
| Stock based compensation to revenue | 0 | 0 | 0.01 | 0 | 0 | |
| Graham number | 60.28 | 63.93 | 46.56 | 59.38 | 67.88 | |
| ROIC | 0.14 | 0.12 | 0.1 | 0.15 | 0.18 | |
| Return on tangible assets | 0.16 | 0.15 | 0.09 | 0.15 | 0.19 | |
| Graham Net | -29.34 | -37.44 | -25.94 | -29.49 | -33.54 | |
| Working capital | 1.42B | 1.36B | 2.57B | 1.99B | 692.4M | |
| Tangible asset value | -2.53B | -3.62B | -2.2B | -2.54B | -2.66B | |
| Net current asset value | -5.12B | -6.96B | -4.82B | -5.32B | -5.6B | |
| Invested capital | 0.58 | 0.76 | 0.82 | 0.77 | 0.79 | |
| Average receivables | 2.58B | 2.74B | 2.5B | 2.32B | 2.6B | |
| Average payables | 1.63B | 1.76B | 1.66B | 1.65B | 1.94B | |
| Average inventory | 1.62B | 1.7B | 1.45B | 1.36B | 1.76B | |
| Days sales outstanding | 62.41 | 61.53 | 64.54 | 62.73 | 63.45 | |
| Days payables outstanding | 57.38 | 57.67 | 64.14 | 67.49 | 69.23 | |
| Days of inventory on hand | 56.45 | 54.57 | 50.17 | 57.8 | 66 | |
| Receivables turnover | 5.85 | 5.93 | 5.66 | 5.82 | 5.75 | |
| Payables turnover | 6.36 | 6.33 | 5.69 | 5.41 | 5.27 | |
| Inventory turnover | 6.47 | 6.69 | 7.27 | 6.31 | 5.53 | |
| ROE | 0.19 | 0.19 | 0.13 | 0.23 | 0.29 | |
| Capex per share | -1.51 | -1.07 | -0.61 | -0.93 | -1.28 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
| Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 18.85 | 17.8 | 15.88 | 20.63 | 21.21 | |
| Net income per share | 2.36 | 1.92 | 1.33 | 2.57 | 2.72 | |
| Operating cash flow per share | 2.2 | 3.32 | 0.04 | 2.3 | 4.01 | |
| Free cash flow per share | 1.95 | 2.93 | -0.3 | 2.05 | 3.64 | |
| Cash per share | 4.66 | 5.33 | 3 | 2.91 | 4.17 | |
| Book value per share | 25.26 | 26.68 | 26.22 | 27.53 | 29.1 | |
| Tangible book value per share | -11.83 | -11.64 | -11.69 | -12.54 | -10.23 | |
| Share holders equity per share | 25.26 | 26.68 | 26.22 | 27.53 | 29.1 | |
| Interest debt per share | 21.1 | 21.38 | 21.17 | 22.32 | 21.2 | |
| Market cap | 33.58B | 38.46B | 42.48B | 43.61B | 46.72B | |
| Enterprise value | 37.34B | 42.08B | 46.62B | 47.97B | 50.59B | |
| P/E ratio | 15.32 | 21.9 | 34.58 | 18.6 | 18.65 | |
| Price to sales ratio | 7.68 | 9.44 | 11.59 | 9.27 | 9.57 | |
| POCF ratio | 65.82 | 50.59 | 5K | 83.22 | 50.66 | |
| PFCF ratio | 74.41 | 57.3 | -619.26 | 93.36 | 55.68 | |
| P/B Ratio | 5.73 | 6.3 | 7.02 | 6.95 | 6.97 | |
| PTB ratio | 5.73 | 6.3 | 7.02 | 6.95 | 6.97 | |
| EV to sales | 8.54 | 10.33 | 12.72 | 10.2 | 10.36 | |
| Enterprise value over EBITDA | 46.09 | 72.76 | 88.43 | 52.35 | 53.46 | |
| EV to operating cash flow | 73.18 | 55.35 | 5.48K | 91.55 | 54.85 | |
| EV to free cash flow | 82.74 | 62.68 | -679.57 | 102.7 | 60.29 | |
| Earnings yield | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Free cash flow yield | 0.01 | 0.02 | 0 | 0.01 | 0.02 | |
| Debt to equity | 0.83 | 0.79 | 0.8 | 0.8 | 0.72 | |
| Debt to assets | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 | |
| Net debt to EBITDA | 4.64 | 6.25 | 7.85 | 4.76 | 4.08 | |
| Current ratio | 1.14 | 1.12 | 1.26 | 1.19 | 1.29 | |
| Interest coverage | 13.25 | 10.39 | 7.93 | 14.37 | 14.93 | |
| Income quality | 0.92 | 1.63 | 0.03 | 0.88 | 1.44 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0.28 | 0.35 | 0.55 | 0.29 | 0.27 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.49 | 0.48 | 0.49 | 0.48 | 0.48 | |
| Capex to operating cash flow | -0.12 | -0.12 | -9.07 | -0.11 | -0.09 | |
| Capex to revenue | -0.01 | -0.02 | -0.02 | -0.01 | -0.02 | |
| Capex to depreciation | -0.7 | -1.08 | -0.97 | -0.64 | -0.9 | |
| Stock based compensation to revenue | 0 | 0 | 0.01 | 0 | 0 | |
| Graham number | 36.65 | 33.94 | 28.01 | 39.91 | 42.2 | |
| ROIC | 0.06 | 0.05 | 0.03 | 0.06 | 0.06 | |
| Return on tangible assets | 0.06 | 0.05 | 0.03 | 0.06 | 0.06 | |
| Graham Net | -33.06 | -33.54 | -34.75 | -36.79 | -33.83 | |
| Working capital | 753.6M | 692.4M | 1.24B | 1.08B | 1.51B | |
| Tangible asset value | -2.74B | -2.66B | -2.7B | -2.86B | -2.36B | |
| Net current asset value | -5.57B | -5.6B | -5.77B | -5.95B | -5.48B | |
| Invested capital | 0.83 | 0.79 | 0.8 | 0.8 | 0.72 | |
| Average receivables | 2.81B | 2.82B | 2.69B | 2.9B | 3.17B | |
| Average payables | 2.03B | 2.08B | 2.03B | 2.07B | 2.14B | |
| Average inventory | 1.92B | 1.97B | 2.17B | 2.35B | 2.27B | |
| Days sales outstanding | 59.03 | 61.42 | 63.98 | 61.21 | 57.92 | |
| Days payables outstanding | 63.12 | 65.95 | 70.03 | 62.79 | 58.42 | |
| Days of inventory on hand | 59.69 | 62.87 | 83.63 | 67.95 | 61.17 | |
| Receivables turnover | 1.52 | 1.47 | 1.41 | 1.47 | 1.55 | |
| Payables turnover | 1.43 | 1.36 | 1.29 | 1.43 | 1.54 | |
| Inventory turnover | 1.51 | 1.43 | 1.08 | 1.32 | 1.47 | |
| ROE | 0.09 | 0.07 | 0.05 | 0.09 | 0.09 | |
| Capex per share | -0.25 | -0.39 | -0.33 | -0.25 | -0.36 |
TT Frequently Asked Questions
What is Trane Technologies plc stock symbol ?
Trane Technologies plc is a IE stock and trading under the symbol TT
Is Trane Technologies plc buy or a sell ?
22 stock analysts have 22 predictions with a medium analyst target price of $194.59. The lowest prediction is $155 and the highest is $228
What is TT stock prediction ?
What is Trane Technologies plc stock quote today ?
Trane Technologies plc stock price is $234 today.
Is Trane Technologies plc stock public?
Yes, Trane Technologies plc is a publicly traded company.
Company Profile
- Volume Average 1.26M
- Market Capitalization 53.25B
- Employee 39K
- CEO Mr. David S. Regnery
- Headquarters Swords,IE
- IPO Date 1980-03-17
-
Website
https://www.tranetechnologies.com 
Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration 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 in the United States; and through sales and service companies with a supporting chain of distributors worldwide. 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.
