Fenimore Asset Management Inc Sells 22,206 Shares of Trane Technologies plc $TT

Fenimore Asset Management Inc decreased its holdings in shares of Trane Technologies plc (NYSE:TT) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,706 shares of the company’s stock after selling 22,206 shares during the quarter. Trane Technologies makes up about 3.0% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 11th biggest holding. Fenimore Asset Management Inc’s holdings in Trane Technologies were worth $137,269,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Wilkerson Advisory Group LLC lifted its position in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Trane Technologies by 192.6% during the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Trane Technologies in the first quarter valued at approximately $33,000. Finally, Hilton Head Capital Partners LLC bought a new position in Trane Technologies in the fourth quarter valued at approximately $32,000. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David Regnery sold 48,091 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the sale, the chief executive officer directly owned 96,951 shares in the company, valued at $46,536,480. The trade was a 33.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE TT traded up $2.66 during mid-day trading on Thursday, reaching $469.93. 1,076,322 shares of the company were exchanged, compared to its average volume of 1,373,070. The stock has a market capitalization of $103.39 billion, a P/E ratio of 35.60, a P/E/G ratio of 2.22 and a beta of 1.15. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The company’s 50-day simple moving average is $454.83 and its 200-day simple moving average is $461.23. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, research analysts predict that Trane Technologies plc will post 15.3 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be paid a dividend of $1.05 per share. The ex-dividend date is Friday, December 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 31.82%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price objective on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Sanford C. Bernstein upped their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Wells Fargo & Company assumed coverage on Trane Technologies in a research report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $531.21.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.