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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 $346.32, up 1.56% from the previous day, and has increased 74.16% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 0.3 percentage points. Trane Technologies stock is currently +88.2% from its 52-week low of $184.02, and -0.29% from its 52-week high of $347.33.

As of Jul 16, 2024, there are 226.35M shares of TT outstanding. The market value of TT is $78.39B. In the last 24 hours, 1.32M TT shares were traded.

How to Buy Trane Technologies Stock

Not sure how to invest in Trane Technologies stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 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

  1. Click here to get started.
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  2. Input your personal data to start your new brokerage account.
  1. Send your application by pressing the "Create Account" button.
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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.

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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 Price
$346.32
1w %
3.77%
1y %
74.16%
5y %
170.29%
P/E
36.69x
P/B
11.38x
P/S
4.32x
PEG
3.55x
Revenue
$18.23B
Earnings
$2.15B
Fore. Rev. Growth
6.25%
Fore. Earn. Growth
11.48%
Market Cap
$78.39B
Next Earnings
Jul 31, 2024
Next Dividend
Sep 30, 2024

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 36.69x, relative to Building Products & Equipment industry P/E ratio of 31.05x
  • TT could be overvalued based on its P/B ratio of 11.38x, relative to Building Products & Equipment industry P/B ratio of 5.75x
  • TT may be overvalued based on its PEG ratio of 3.55x

You can access additional valuation research on TT's stock here.

A quick look at TT Financials

Positive Health Checks:

  • TT profit margin has gone up from 11.1% to 11.8% in the past year.
  • TT's operating cash flow of $2.63B allows it to safely service it's debt of $4.88B.
  • There are more short-term assets than long-term liabilities on the TT balance sheet.
  • TT earnings of $2.92B is not enough to cover its interest payments.
  • Total TT debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the TT balance sheet.

Negative Health Checks:

  • TT has a relatively high debt to equity ratio of 1.8.

Is it a good time to buy TT stock, according to Wall Street analysts?

Out of 11 sell side analysts who research TT, the consensus analyst rating on TT is a Buy

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

Most Recent TT Analyst Upgrades/Downgrades

Andy Kaplowitz, a top 1% analyst from Citigroup maintains TT with a strong buy rating and raises their TT price target from $355.00 to $366.00, on May 1, 2024.

Gautam Khanna, a top 6% analyst from TD Cowen maintains TT with a strong buy rating and raises their TT price target from $325.00 to $360.00, on May 1, 2024.

Joe Ritchie, a top 8% analyst from Goldman Sachs maintains TT with a hold rating and raises their TT price target from $287.00 to $326.00, on May 1, 2024.

Brett Linzey, a top 8% analyst from Mizuho maintains TT with a hold rating and raises their TT price target from $280.00 to $325.00, on May 1, 2024.

Tommy Moll, a top 9% analyst from Stephens & Co. maintains TT with a hold rating and raises their TT price target from $310.00 to $320.00, on May 1, 2024.

You can dig deeper into what analysts are forecasting on the Trane Technologies stock forecast page.

TT Technical Indicators

SMA10
337.16
SMA20
335.49
SMA50
330.73
SMA100
312.72
SMA200
272.38
MACD
4.15
MACD Signal
2.99
MACD Histogram
1.15
RSI
62.39
Stochastic %K
87.23
Stochastic %D
87.04
StochRSI %K
90.89
StochRSI %D
93.45

How are TT Revenues/Earnings doing?

Last year, TT earnings were $2.15B. During the past 5 year, TT's earnings have increased by 10.38% per year. This was slower than the Building Products & Equipment industry average of 10.59%.

Last year, TT revenue was $18.23B. In the last 5 year, TT's revenue has increased by 9.15% per year. This was faster than the Building Products & Equipment industry average of 7.33%.

You can research TT's earnings and revenue performance here.

Latest Insiders Trades at TT

In the last year, insiders at TT have sold more shares than they have bought.

David S. Regnery, Chair and CEO of TT, was the latest TT insider to sell. They sold $172,570.32 worth of TT shares on Jul 1, 2024.

Dig into more about who owns TT shares here.

Does TT provide a stable income stream?

No, Trane Technologies doesn't provide an income stream by paying out dividends.

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 find out what other investors have to say.

Step 5: Place your TT trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.

Press the Open Trade button and your broker will place the order.

If you require more help buying stocks on eToro, click the how to video below:

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Step 6: Get the latest news on your investment in TT

Now that you own some TT shares, you'll want to keep up with your shares.

Make a watchlist to monitor your TT stock.

TT Feed

How to Buy Stock in Trane Technologies

To reiterate, here are the 6 steps you need to take to buy Trane Technologies stock right now:

  1. Choose where to buy Trane Technologies stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Trane Technologies stock
  5. Place your TT trade
  6. Get the latest news on your investment in TT

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your new investment in Trane Technologies, click the button below.

NYSE: TT
$346.32+5.32 (+1.56%)
Updated Jul 16, 2024
Open eToro Account
NYSE: TT
$346.32+5.32 (+1.56%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Trane Technologies share?

As of Jul 16, 2024, it costs $346.32 to buy one share of Trane Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.289 shares of TT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Trane Technologies stock?

According to 11 Wall Street analysts who monitor Trane Technologies, their consensus recommendation is to buy Trane Technologies stock.

What is the best way to buy Trane Technologies stock?

One way to place an order for Trane Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.