Jupiter Asset Management Ltd. Sells 23,660 Shares of Trimble Inc. $TRMB

Jupiter Asset Management Ltd. decreased its stake in Trimble Inc. (NASDAQ:TRMB) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 329,177 shares of the scientific and technical instruments company’s stock after selling 23,660 shares during the period. Jupiter Asset Management Ltd. owned about 0.14% of Trimble worth $26,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA purchased a new position in Trimble in the third quarter worth $289,254,000. Norges Bank purchased a new position in shares of Trimble in the 2nd quarter worth about $198,583,000. Generation Investment Management LLP increased its position in shares of Trimble by 19.1% during the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after purchasing an additional 1,449,315 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Trimble by 73.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock valued at $97,540,000 after buying an additional 542,245 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Trimble by 14.4% during the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after buying an additional 525,214 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Trading Up 0.3%

NASDAQ:TRMB opened at $67.62 on Friday. The firm has a market capitalization of $16.09 billion, a P/E ratio of 38.64, a P/E/G ratio of 2.25 and a beta of 1.59. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $73.80 and a 200 day moving average of $78.15. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its Board of Directors has approved a stock buyback program on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares in the company, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total value of $610,425.00. Following the transaction, the chief executive officer owned 41,897 shares of the company’s stock, valued at approximately $3,409,996.83. This represents a 15.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,866 shares of company stock worth $1,448,543 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Barclays increased their target price on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Piper Sandler reissued an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Oppenheimer restated an “outperform” rating and set a $86.00 price target on shares of Trimble in a research report on Tuesday, February 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $93.50.

Trimble Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.