SAT Sets Aside Sebi's Order Against Bombay Dyeing and Promoters, Orders Penalty Refund

Fenimore Asset Management's Q4 2025 investor letter highlighted Trane Technologies plc (NYSE:TT) as a key performance detractor in the Fenimore Dividend Focus Strategy. The company's solutions for heating, ventilation, air conditioning, and transport refrigeration have strong earnings and backlog, but its residential HVAC business is experiencing weakness due to the industry's transition to a new refrigerant. The firm expects clarity on this challenge in the near future.