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Trane Technologies plc (TT) is a leading specialty industrial machinery business with stocks listed in the US. It opened the day at US$180.32 after a previous close of US$179.56. During the day the price has varied from a low of USD178.93 to a high of USD181.21. The latest price was USD180.12 (25 minute delay). Trane Technologies is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Trane Technologies
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Trane Technologies. Find the share by name or ticker symbol: TT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Trane Technologies reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$181.64, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Trane Technologies, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Trane Technologies. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Trane Technologies key stats
- Compare share trading platforms
- Is Trane Technologies stock a buy or sell?
- Trane Technologies performance over time
- Can I short Trane Technologies shares?
- Is Trane Technologies suitable for ethical investing?
- Are Trane Technologies shares over-valued?
- Trane Technologies's financials
- How volatile are Trane Technologies shares?
- Does Trane Technologies pay a dividend?
- Have Trane Technologies shares ever split?
- Other common questions
Trane Technologies share priceUse our graph to track the performance of TT stocks over time.
Trane Technologies shares at a glance
|52-week range||US$82.9199 - US$189.3246|
|50-day moving average||US$181.7172|
|200-day moving average||US$161.5537|
|Dividend yield||US$2.36 (1.79%)|
|Earnings per share (TTM)||US$4.5985|
Compare share trading platforms to buy stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
Trane Technologies price performance over time
|1 week (2021-06-16)||-1.22%|
|1 month (2021-05-21)||-1.08%|
|3 months (2021-03-23)||12.34%|
|6 months (2020-12-23)||26.40%|
|1 year (2020-06-23)||99.93%|
|2 years (2019-06-21)||85.50%|
|3 years (2018-06-22)||155.81%|
|5 years (2016-06-23)||250.24%|
Is Trane Technologies under- or over-valued?
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 PEG ratio
Trane Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.3699. 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 US$2 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||US$12.8 billion|
|Operating margin TTM||13.82%|
|Gross profit TTM||US$3.8 billion|
|Return on assets TTM||6.25%|
|Return on equity TTM||19.42%|
|Market capitalisation||US$43.5 billion|
TTM: trailing 12 months
Shorting Trane Technologies shares
There are currently 1.4 million Trane Technologies shares held short by investors – that's known as Trane Technologies's "short interest". This figure is 2.3% down from 1.4 million last month.
There are a few different ways that this level of interest in shorting Trane Technologies shares can be evaluated.
Trane Technologies's "short interest ratio" (SIR)
Trane Technologies's "short interest ratio" (SIR) is the quantity of Trane Technologies shares currently shorted divided by the average quantity of Trane Technologies shares traded daily (recently around 960718.88111888). Trane Technologies's SIR currently stands at 1.43. In other words for every 100,000 Trane Technologies shares traded daily on the market, roughly 1430 shares are currently held short.
However Trane Technologies's short interest can also be evaluated against the total number of Trane Technologies shares, or, against the total number of tradable Trane Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Trane Technologies's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Trane Technologies shares in existence, roughly 10 shares are currently held short) or 0.0058% of the tradable shares (for every 100,000 tradable Trane Technologies shares, roughly 6 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Trane Technologies.
Find out more about how you can short Trane Technologies stock.
Trane Technologies's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Trane Technologies.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Trane Technologies's total ESG risk score
Total ESG risk: 13.13
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Trane Technologies's overall score of 13.13 (as at 12/31/2018) is excellent – landing it in it in the 6th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Trane Technologies is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Trane Technologies's environmental score
Environmental score: 6.12/100
Trane Technologies's social score
Social score: 0.63/100
Trane Technologies's governance score
Governance score: 1.38/100
Trane Technologies's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Trane Technologies scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Trane Technologies has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||13.13|
|Total ESG percentile||6.36|
|Level of controversy||2|
Trane Technologies share dividends
Dividend payout ratio: 44.53% of net profits
Recently Trane Technologies has paid out, on average, around 44.53% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.29% 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 1.29% return on their shares, in the form of dividend payments. In Trane Technologies's case, that would currently equate to about $2.36 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 29 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 1 September 2021 (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 US$82.9199 up to US$189.3246. 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 1.2261. 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 climate control products for heating, ventilation, air conditioning, and transport solutions. 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. Trane Technologies plc markets and sells its products under the Trane, Thermo King, and American Standard 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.
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