Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Founded in 1885 and headquartered in Swords, Ireland, Trane Technologies is a designer, manufacturer, seller and servicer of climate control products for HVAC and transport solutions. The company distributes its products through branch sales offices, dealers and distributors in the United States and through subsidiary sales and service companies in other parts of the world. Trane generated around 72% of its revenues from the United States and the rest from more than 100 other countries. With no customer accounting for more than 10% of revenues, the company’s business does not suffer on account of any single customer of group of customers.
TT is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 23.5% year-over-year for the current fiscal year, with sales growth of 11.6%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.08 to $11.16 per share. TT boasts an average earnings surprise of 7.9%.
On a historic basis, Trane Technologies has generated cash flow growth of 7.6%, and is expected to report cash flow expansion of 18.6% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, TT should be on investors' short lists.
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Trane Technologies plc (TT) : Free Stock Analysis Report
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