Sifting through a plethora of stocks in the Electrical Components & Equipment market may be time-consuming, and occasionally two stocks are simply too similar to determine which is the better investment. If you’re on the fence about investing in Watsco Inc or Trane Technologies PLC because you’re not sure how they compare, compare them on a few key metrics before making your choice.
Continue reading to see how Watsco Inc and Trane Technologies PLC compare on important financial parameters to see which one best matches your investment objectives.
Watsco Inc and Trane Technologies PLC
Watsco, Inc. is a distributor of air conditioning, heating, and refrigeration equipment, as well as related components and supplies (HVAC/R) throughout North America. Non-equipment products sold by the company include components, ductwork, air movement products, insulation, tools, installation materials, thermostats, and air quality products.
Its products for industrial and commercial uses include condensing units, compressors, evaporators, valves, refrigerant, walk-in coolers, and ice machines.
Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Southwark Metal Mfg. Co. (Southwark), Johns Manville, and Owens Corning Insulating Systems, LLC (Owens Corning), among others, manufacture goods for the Business.
It operates from roughly 671 locations in 42 states, Canada, Mexico, and Puerto Rico, with export coverage to parts of Latin America and the Caribbean.
Trane Technologies PLC is a world leader in climate innovation. It delivers climate solutions to buildings, residences, and transportation through its brands, like as Trane and Thermo King, and its portfolio of goods and services. Americas, Europe, and Asia Pacific are among its segments.
The Americas segment, which includes commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions, innovates for customers in North America and Latin America.
The EMEA sector innovates for customers in Europe, the Middle East, and Africa, and includes heating and cooling systems, commercial building services and solutions, and transport refrigeration systems and solutions.
The Asia Pacific segment, which includes heating and cooling systems, commercial building services and solutions, and transport refrigeration systems and solutions, innovates for customers throughout the Asia Pacific area.
Stock Updates on Electrical Components & Equipment and Watsco Inc, Trane Technologies PLC
Watsco Inc had a market value of $11.9 billion in February 2023, compared to the Electrical Components & Equipment median of $468.6 million. Watsco Inc’s stock is NA in 2023, NA in the previous trading days, and is up 17.15% year to date.
Watsco Inc currently has a price-earnings ratio of 19.6. Watsco Inc has a trailing 12-month revenue of $7.3 billion and a net profit margin of 6.6%. The most recent year-over-year quarterly sales growth rate was 219.4%. Experts predict that adjusted profits per share will reach $13.600 in the current fiscal year. Watsco Inc currently has a dividend yield of 3.3%.
Trane Technologies PLC now has a price-earnings ratio of 24.0. Trane Technologies PLC has a trailing 12-month sales of $16.0 billion and a net profit margin of 11.0%. The most recent year-over-year quarterly sales growth rate was 14.1%. Analysts forecast adjusted earnings per share of $8.381 for the current fiscal year. Trane Technologies PLC currently has a dividend yield of 1.7%.
This article provides a brief comparison of two companies in the Electrical Components & Equipment industry, namely Watsco Inc and Trane Technologies PLC, on important financial metrics. Watsco Inc is a distributor of HVAC/R equipment and related components, while Trane Technologies PLC delivers climate solutions to buildings, residences, and transportation through its brands and portfolio of goods and services.
Both companies have different market capitalizations, stock prices, price-earnings ratios, revenue, net profit margins, quarterly sales growth rates, earnings per share forecasts, and dividend yields. Investors must consider their investment objectives, risk tolerance, and market outlook before making a decision on which stock to invest in.
It is essential to conduct thorough research on a company’s financial health, management team, competitive landscape, and industry trends before making any investment decision. Additionally, it is recommended to consult with a financial advisor and consider diversifying your portfolio to reduce investment risk.
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