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Uncovering Dividend Opportunities with NYSE:TT.

By Mill Chart

Last update: Oct 31, 2023

Consider TRANE TECHNOLOGIES PLC (NYSE:TT) as a top pick for dividend investors, identified by our stock screening tool. NYSE:TT shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

Dividend Assessment of NYSE:TT

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:TT scores a 7 out of 10:

  • TT's Dividend Yield is rather good when compared to the industry average which is at 3.20. TT pays more dividend than 81.40% of the companies in the same industry.
  • On average, the dividend of TT grows each year by 9.56%, which is quite nice.
  • TT has paid a dividend for at least 10 years, which is a reliable track record.
  • TT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
  • 34.61% of the earnings are spent on dividend by TT. This is a low number and sustainable payout ratio.

Understanding NYSE:TT's Health Score

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:TT scores a 5 out of 10:

  • TT has an Altman-Z score of 4.09. This indicates that TT is financially healthy and has little risk of bankruptcy at the moment.
  • TT has a Altman-Z score of 4.09. This is in the better half of the industry: TT outperforms 62.79% of its industry peers.
  • TT has a debt to FCF ratio of 3.30. This is a good value and a sign of high solvency as TT would need 3.30 years to pay back of all of its debts.

Understanding NYSE:TT's Profitability

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:TT was assigned a score of 7 for profitability:

  • TT's Return On Assets of 9.95% is fine compared to the rest of the industry. TT outperforms 67.44% of its industry peers.
  • The Return On Equity of TT (30.04%) is better than 86.05% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 16.16%, TT is in the better half of the industry, outperforming 74.42% of the companies in the same industry.
  • The 3 year average ROIC (12.73%) for TT is below the current ROIC(16.16%), indicating increased profibility in the last year.
  • TT has a Profit Margin of 11.18%. This is in the better half of the industry: TT outperforms 72.09% of its industry peers.
  • TT's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 15.83%, TT is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
  • TT's Operating Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Check the latest full fundamental report of TT for a complete fundamental analysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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TRANE TECHNOLOGIES PLC

NYSE:TT (2/23/2024, 7:16:36 PM)

After market: 281.82 0 (0%)

281.82

-0.46 (-0.16%)

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