How to Buy Trane Technologies Stock
Trane Technologies PLC
Trane Technologies plc provides climate control solutions for buildings, homes, and transportation.
Trane Technologies stock last closed at $288.27, down 0.45% from the previous day, and has increased 63.38% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 0.08 percentage points. Trane Technologies stock is currently +77.9% from its 52-week low of $162.04, and -6.09% from its 52-week high of $306.98.
As of Apr 19, 2024, there are 227.07M shares of TT outstanding. The market value of TT is $65.46B. In the last 24 hours, 790,678 TT shares were traded.
How to Buy Trane Technologies Stock
Not sure how to invest in Trane Technologies stock? Here's how.
- Choose where to buy Trane Technologies stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Trane Technologies stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your method of payment and add your information.
- Evaluate Trane Technologies stock: The Trane Technologies ticker symbol is TT. Is Trane Technologies stock a good investment? Should you buy shares of TT? How do TT's underlying business fundamentals look? Do top analysts think Trane Technologies is a good buy? Why has TT's stock price moved recently? (Hint: Our stock research tools can help you figure out if TT is a good stock to buy).
- Place your TT trade: Decide if you will purchase TT shares at the current market price or use a limit order to buy TT stock at a given price.
- Get the latest news on your investment in TT: Create a watchlist to watch your investment in Trane Technologies shares.
Step 1: Choose where to buy Trane Technologies stock
You will need an online brokerage account to access the NYSE market and buy TT stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in TT stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on a good online stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your investment account.
Step 4: Evaluate Trane Technologies stock
After you have selected the best place to buy Trane Technologies stock, it's important to research their stock prior to buying, so you truly understand the risk and upside.
Trane Technologies stock quick numbers
TT Fundamentals
WallStreetZen was created to help part-time investors do better fundamental analysis in less time.
You can view all of the due diligence checks on TT's stock page.
How is TT stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge TT's intrinsic value.
Using relative valuations methods:
- TT may be overvalued based on its P/E ratio of 32.57x, relative to Building Products & Equipment industry P/E ratio of 26.36x
- TT could be overvalued based on its P/B ratio of 9.36x, relative to Building Products & Equipment industry P/B ratio of 5.17x
You can do additional valuation analysis on TT's stock here.
A look at TT Cashflows and Balance Sheet
Positive Health Checks:
- TT profit margin has gone up from 11% to 11.4% in the past year.
- There are more short-term assets than short-term liabilities on the TT balance sheet.
- TT earnings of $2.76B is not enough to cover its interest payments.
- TT's operating cash flow of $2.39B allows it to safely service it's debt of $4.78B.
- There are more short-term assets than long-term liabilities on the TT balance sheet.
Negative Health Checks:
- Total TT debt is higher than 5 years ago, relative to shareholder equity.
- TT has a relatively high debt to equity ratio of 1.77.
Do Wall Street analysts think it's a good time to buy TT stock
Out of 8 Wall Street analysts who give ratings on TT, the consensus analyst rating on TT is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest TT Analyst Recommendations
Joe O'Dea, a top 19% analyst from Wells Fargo maintains TT with a strong sell rating and raises their TT price target from $200.00 to $246.00, on Dec 19, 2023.
Stephen Tusa, a top 16% analyst from JP Morgan maintains TT with a hold rating and announces their TT price target of $206.00, on Nov 3, 2023.
Timothy Wojs, a top 18% analyst from Baird maintains TT with a hold rating and raises their TT price target from $225.00 to $240.00, on Nov 2, 2023.
You can dive deeper into what analysts are projecting on the Trane Technologies stock forecast page.
TT Momentum
How are TT Revenues/Earnings doing?
Last year, TT earnings were $2.02B. In the last 5 year, TT's earnings have gone up by 10.34% per year. This was slower than the Building Products & Equipment industry average of 10.8%.
Last year, TT revenue was $17.68B. During the past five year, TT's revenue has grown by 7.45% per year. This was slower than the Building Products & Equipment industry average of 7.8%.
You can analyze TT's earnings and revenue performance here.
Are TT executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at TT have sold more shares than they have bought.
Christopher J. Kuehn, Executive Vice President CFO of TT, was the latest TT insider to sell. They sold $1,077,726.47 worth of TT stock on Mar 6, 2024.
Dig into more about who owns TT stock here.
Can I get consistent income from TT stock?
Trane Technologies pays a dividend of 1.07%, compared to the Building Products & Equipment industry's average dividend yield of 1.1%. If you owned $1,000 worth of TT stock, you would have received $10.72 last year.
Trane Technologies dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Trane Technologies dividend yield and history here.
What others are saying about TT
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your TT trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and your broker will execute your order.
If you require more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in TT
Now that you own some TT shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to keep tabs on your TT stock.
TT Feed
How to Buy Stock in Trane Technologies
To reiterate, here are the 6 steps to buy Trane Technologies stock:
- Choose where to buy Trane Technologies stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Evaluate Trane Technologies stock
- Place your TT trade
- Get the latest news on your investment in TT
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Trane Technologies, hit the button below to create your watchlist.
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