How to buy Trane Technologies (TT) shares in Australia

Learn how to easily invest in Trane Technologies shares.

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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$181.37 after a previous close of US$180. During the day the price has varied from a low of USD180.2 to a high of USD183.175. The latest price was USD182.74 (25 minute delay). Trane Technologies is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in Trane Technologies

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Decide on how many to buy. At last close price of US$180, 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.
  6. 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.

Trane Technologies stock price (NYSE:TT)

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

Trane Technologies shares at a glance

Information last updated 2021-06-28.
OpenUS$181.37
HighUS$183.175
LowUS$180.2
CloseUS$182.74
Previous closeUS$180
Change US$2.74
Change % 1.5222%
Volume 1,007,330
Information last updated 2022-01-15.
52-week rangeUS$136.1818 - US$205.7858
50-day moving average US$194.2164
200-day moving average US$186.6222
Target priceUS$203.84
PE ratio 32.3625
Dividend yield US$2.3 (1.26%)
Earnings per share (TTM) US$5.562

Where to buy Trane Technologies stock

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
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IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares, ETFs
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
SelfWealth (Basic account)
US$9.5
0.60%
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

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 share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

Trane Technologies price performance over time

Historical closes compared with the last close of $182.74

1 week (2022-01-10) -3.89%
1 month (2021-12-17) -5.97%
3 months (2021-10-15) 5.02%
6 months (2021-07-17) -4.92%
1 year (2021-01-15) 22.23%
2 years (2020-01-17) 75.89%
3 years (2019-01-17) 151.47%
5 years (2017-01-17) 207.55%

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 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 32x. In other words, Trane Technologies shares trade at around 32x 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 2.2946. 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$2.2 billion (£1.6 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$13.7 billion
Operating margin TTM 14.48%
Gross profit TTM US$3.8 billion
Return on assets TTM 6.89%
Return on equity TTM 21.42%
Profit margin 9.82%
Book value 27.264
Market capitalisation US$42.8 billion

TTM: trailing 12 months

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

Trane Technologies plc was last rated for ESG on: 2019-01-01.

Total ESG score 13.13
Total ESG percentile 6.36
Environmental score 6.12
Social score 0.63
Governance score 1.38
Level of controversy 2

Trane Technologies share dividends

41%

Dividend payout ratio: 40.97% of net profits

Recently Trane Technologies has paid out, on average, around 40.97% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.26% 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 1.26% return on their shares, in the form of dividend payments. In Trane Technologies's case, that would currently equate to about $2.3 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 2021. The latest dividend was paid out to all shareholders who bought their shares by 1 December 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$136.1818 up to US$205.7858. A popular way to gauge a stock's volatility is its "beta".

TT.US volatility(beta: 1.23)Avg. volatility(beta: 1.00)LowHigh

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 1.2291. 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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