For its third fiscal quarter (ending September 30), Trane Technologies plc (NYSE: TT) has reported a 24% increase in E.P.S. from $2.77 a year ago to $3.43 in the current quarter. E.P.S. were $10.93 for the latest four quarters through September 30 versus $8.65 for the same period a year ago — an increase of 26%.
Recent Price Action
Trane Technologies plc (NYSE: TT) stock declined by -3.9% on 10/30/24. The shares closed at $375.52. Moreover, this decline was accompanied by exceptionally high trading volume at 212% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.3% 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 (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 92, producing the 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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