Fenimore Asset Management Inc Has $182.09 Million Stake in Trane Technologies plc $TT

Key Points

• Fenimore Asset Management Inc has reduced its stake in Trane Technologies plc by 3.5%, owning 416,288 shares valued at approximately $182.09 million, making it the firm's 6th largest position.
• Trane Technologies reported an EPS of $3.88 for the last quarter, exceeding analysts' expectations of $3.79, while also posting a year-over-year revenue increase of 7.6% to $5.75 billion.
• Several analysts have adjusted their ratings for Trane Technologies, with UBS Group raising their price target to $544, while HSBC Global Res downgraded the stock from "strong-buy" to "hold."

Fenimore Asset Management Inc decreased its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 416,288 shares of the company's stock after selling 15,254 shares during the quarter. Trane Technologies comprises approximately 3.6% of Fenimore Asset Management Inc's portfolio, making the stock its 6th biggest position. Fenimore Asset Management Inc owned 0.19% of Trane Technologies worth $182,088,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TT. CWA Asset Management Group LLC lifted its holdings in Trane Technologies by 19.2% in the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock worth $382,000 after buying an additional 183 shares during the period. OMNI 360 Wealth Inc. purchased a new stake in shares of Trane Technologies in the 2nd quarter worth approximately $345,000. Jones Financial Companies Lllp increased its position in Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company's stock valued at $7,140,000 after buying an additional 16,485 shares in the last quarter. BROOKFIELD Corp ON raised its stake in Trane Technologies by 11.0% during the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company's stock valued at $2,772,000 after buying an additional 812 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. boosted its holdings in Trane Technologies by 17.5% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock worth $1,041,000 after acquiring an additional 460 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Price Performance

Trane Technologies stock opened at $424.29 on Monday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm's fifty day moving average is $421.53 and its 200 day moving average is $407.10. The company has a market cap of $94.41 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.63 and a beta of 1.12.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the firm posted $3.30 EPS. The business's quarterly revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TT shares. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Northcoast Research lowered shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. UBS Group raised their price objective on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley lifted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Barclays cut their price target on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research note on Tuesday, September 16th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $457.40.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer owned 123,713 shares of the company's stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

Trane Technologies Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

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