Trane Technologies (TT) Exceeds Market Returns: Some Facts to Consider

Trane Technologies (TT) closed at $458.94, up 1.54%, outperforming the S&P 500's 0.2% gain. The stock has appreciated 2.95% over the past month. Expected EPS of $4.74 (up 22.16% YoY) and quarterly revenue of $6.39 billion (up 11.32% YoY) are anticipated. However, the stock carries a Zacks Rank #3 (Hold) with a Forward P/E of 29.53, trading at a premium to its industry average of 15.89.