Trane Technologies plc $TT Shares Sold by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management trimmed its stake in Trane Technologies (NYSE:TT) by 3.6% in Q4, selling 14,890 shares and now holding 395,638 shares worth about $154 million (≈0.18% of TT and 3.2% of Fenimore’s portfolio).
• Trane beat Q1 expectations with EPS $2.63 vs. $2.53 and $4.97B revenue, raised FY‑2026 EPS guidance to $14.75–14.95, and cited ~24% bookings growth with a record ~$10.7B backlog supporting the outlook.
• The company declared a quarterly dividend of $1.05 ($4.20 annual, ~0.9% yield), while insiders sold 62,590 shares (~$27.4M) last quarter, leaving insider ownership around 0.14%.

Fenimore Asset Management Inc trimmed its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,638 shares of the company's stock after selling 14,890 shares during the quarter. Trane Technologies makes up about 3.2% of Fenimore Asset Management Inc's portfolio, making the stock its 9th largest holding. Fenimore Asset Management Inc owned about 0.18% of Trane Technologies worth $153,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TT. Aptus Capital Advisors LLC increased its holdings in Trane Technologies by 169.8% during the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company's stock worth $6,219,000 after buying an additional 9,276 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Trane Technologies in the third quarter valued at $6,571,000. Nordea Investment Management AB grew its stake in shares of Trane Technologies by 2.4% in the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company's stock valued at $1,051,049,000 after acquiring an additional 57,774 shares in the last quarter. Boston Common Asset Management LLC acquired a new position in shares of Trane Technologies in the third quarter valued at about $9,546,000. Finally, Compass Wealth Management LLC grew its stake in shares of Trane Technologies by 3,785.4% in the third quarter. Compass Wealth Management LLC now owns 27,198 shares of the company's stock valued at $11,476,000 after acquiring an additional 26,498 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $486.73 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock's fifty day simple moving average is $447.39 and its two-hundred day simple moving average is $425.41. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $503.47. The stock has a market cap of $107.62 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.56 and a beta of 1.25.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.10. The company had revenue of $4.97 billion for the quarter, compared to analysts' expectations of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. As a group, analysts forecast that Trane Technologies plc will post 14.76 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's payout ratio is currently 32.48%.

Insider Buying and Selling

In other Trane Technologies news, CFO Christopher J. Kuehn sold 8,619 shares of Trane Technologies stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the completion of the transaction, the chief financial officer owned 60,576 shares of the company's stock, valued at $27,259,200. The trade was a 12.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David S. Regnery sold 36,045 shares of Trane Technologies stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.69, for a total value of $15,235,861.05. Following the transaction, the chief executive officer directly owned 96,948 shares of the company's stock, valued at $40,978,950.12. The trade was a 27.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,590 shares of company stock worth $27,403,514 over the last quarter. 0.14% of the stock is owned by corporate insiders.

Trane Technologies News Roundup

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q1 beat and raised full‑year guidance — Trane reported adjusted EPS of $2.63 and revenue of $4.97B, topped estimates and raised FY‑2026 EPS guidance to $14.75–14.95 and revenue guidance above prior expectations. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong bookings and record backlog — Bookings rose ~24% (GAAP bookings $6.69B) and backlog hit a record ~$10.7B, supporting the higher outlook. Zacks: Bookings & Backlog
• Positive Sentiment: Barclays raised its target to $585 and kept an overweight rating — a sizeable upgrade that implies meaningful upside. Benzinga: Barclays Raise
• Positive Sentiment: Citigroup raised its target to $570 and reiterated a buy rating — another influential firm boosting expectations. Benzinga: Citi Raise
• Positive Sentiment: KeyCorp and RBC also lifted targets (KeyCorp to $555, RBC to $501), adding to the cluster of analyst support. Benzinga: KeyCorp & RBC Raises
• Neutral Sentiment: Earnings call materials and slide deck available for deeper read — useful for investors assessing margin drivers and backlog conversion timing. Seeking Alpha: Q1 Presentation
• Negative Sentiment: Relative underperformance vs. peers noted — one note flagged that TT underperformed competitors on the day despite gains, which could reflect sector rotation or profit‑taking after the rally. MarketWatch: Relative Underperformance

Analyst Ratings Changes

Several equities research analysts recently weighed in on TT shares. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $434.00 to $460.00 and gave the stock a "neutral" rating in a research report on Friday, January 30th. Citigroup increased their target price on shares of Trane Technologies from $525.00 to $570.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company upped their price objective on Trane Technologies from $375.00 to $400.00 and gave the company an "underweight" rating in a research note on Friday, January 30th. Evercore began coverage on shares of Trane Technologies in a research report on Monday, April 13th. They set an "outperform" rating and a $535.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Trane Technologies from $550.00 to $535.00 and set an "overweight" rating for the company in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $505.56.

Trane Technologies Company Profile

Trane Technologies NYSE: TT is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.

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