Trane Technologies plc (NYSE: TT) has reported earnings for its second fiscal quarter (ending June 30) of $3.33 versus $2.59 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $10.27 versus $8.28 for the same period a year ago.
Recent Price Action
Trane Technologies plc (NYSE: TT) stock increased 1.7% on 7/31/24. The shares closed at $334.28. Moreover, unusually high trading volume at 183% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TT is expected to continue to be a major Value Builder.
Trane Technologies plc has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Trane Technologies plc has a poor Appreciation Score of 24 but a very high Power Rating of 97, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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