Trane Technologies PLC Stock Down in 2023, Fails to Keep Up with Market.
March 25, 2023
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Friday was a difficult day for investors in Trane Technologies ($NYSE:TT) PLC as the company’s stock prices declined significantly, failing to keep up with the market even as the rest of the market climbed to new highs. This was a surprising development, as the company had been performing well and was expected to keep up with the growth of the market. The reasons for this sudden downturn remain unclear, but analysts have suggested that it could be a sign of a larger trend. The company is facing increasing competition from other players in its industry and may be struggling to stay competitive in the face of new entrants.
Additionally, investors may be concerned about the company’s long-term prospects, particularly given its reliance on certain sectors which could be vulnerable to economic downturns. In any case, Friday’s decline shows that Trane Technologies PLC is not immune to the whims of the stock market. While the company may have been performing well in recent years, it could be facing an uphill battle in the coming years unless it can make changes to stay ahead of the competition and navigate any potential economic headwinds. Investors may want to take a closer look at the stock before deciding whether or not to invest in it.
Share Price
Despite news sentiment being mostly positive, its stock dropped from a prior closing price of $182.9 on Friday to an opening price of $180.6 and closing of $182.1, a 0.5% decrease. This is a stark contrast from the stock market averages, which have been steadily rising. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trane Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 15.99k | 1.76k | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trane Technologies. More…
| Operations | Investing | Financing |
| 1.5k | -540.4 | -1.85k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trane Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.08k | 11.98k | 26.61 |
Key Ratios Snapshot
Some of the financial key ratios for Trane Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.2% | 6.2% | 15.0% |
| FCF Margin | ROE | ROA |
| 7.6% | 25.1% | 8.3% |
Analysis
At GoodWhale, we conducted an analysis of TRANE TECHNOLOGIES‘s wellbeing. We assessed the company’s financial and business aspects and determined that TRANE TECHNOLOGIES is a medium risk investment. We have detected 1 risk warnings in their Balance Sheet which can be found on goodwhale.com. From our analysis, you can get a thorough understanding of the company’s current state and plan your investments accordingly. Furthermore, our experts are always available to help you assess the company’s future potential and make informed decisions. More…
Peers
Trane Technologies PLC is a leading global provider of indoor comfort solutions and services. The company’s products include air conditioners, furnaces, heat pumps, and related equipment. Trane Technologies competes with Generac Holdings Inc, ITT Inc, Lennox International Inc, and other companies in the indoor comfort solutions market.
– Generac Holdings Inc ($NYSE:GNRC)
Generac Holdings Inc, a Fortune 500 company, is a leading global designer and manufacturer of generators and other backup power products. The company has a market capitalization of $7.04 billion as of 2022 and a return on equity of 18.99%. Generac’s products are used in residential, commercial, and industrial applications. The company’s products are sold through a network of distributors and retailers in the United States, Canada, and other countries.
– ITT Inc ($NYSE:ITT)
In 2022, KBR had a market capitalization of $5.78 billion and a return on equity of 12.81%. KBR is a provider of engineering, construction, and other technical services to the U.S. government and other customers.
– Lennox International Inc ($NYSE:LII)
Lennox International Inc. is a global provider of climate control solutions for heating, ventilation, air conditioning, and refrigeration (HVACR) systems. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. It offers a range of products, including furnaces, air conditioners, heat pumps, packaged units, coils, and commercial refrigeration equipment. The company was founded in 1895 and is headquartered in Richardson, Texas.
Summary
Trane Technologies PLC is a leading provider of climate control solutions for residential, commercial and industrial markets. In recent years, the company’s stock has been performing well, but it appears to be losing momentum in 2023 as it has failed to keep up with the broader market. Despite this, many analysts remain bullish on the stock due to its strong fundamentals and an expected increase in demand for its products and services over the coming years.
Investors should take a closer look at Trane Technologies PLC to determine if it is a good fit for their portfolio. The company’s long-term prospects are still very promising, and its future looks bright.
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