Segall Bryant & Hamill LLC Decreases Position in Trimble Inc. $TRMB

Segall Bryant & Hamill LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,362 shares of the scientific and technical instruments company’s stock after selling 11,945 shares during the quarter. Segall Bryant & Hamill LLC owned 0.11% of Trimble worth $20,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Salomon & Ludwin LLC purchased a new stake in Trimble during the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new position in shares of Trimble during the third quarter worth about $30,000. Hantz Financial Services Inc. increased its stake in shares of Trimble by 90.8% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 177 shares during the period. Global Retirement Partners LLC raised its holdings in Trimble by 78.7% in the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares in the company, valued at $2,066,277.80. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total transaction of $606,600.00. Following the completion of the sale, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at $2,782,029.36. The trade was a 17.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,250 shares of company stock valued at $1,398,038 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $86.00 price objective on shares of Trimble in a research report on Tuesday, February 10th. Wells Fargo & Company cut their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price target on shares of Trimble in a report on Friday, November 7th. Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. One 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’s stock. According to data from MarketBeat.com, Trimble presently has an average rating of “Buy” and an average price target of $93.50.

Trimble Stock Performance

NASDAQ TRMB opened at $69.16 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a market capitalization of $16.18 billion, a PE ratio of 39.52, a P/E/G ratio of 2.28 and a beta of 1.57. The company has a fifty day moving average of $71.99 and a two-hundred day moving average of $77.29.

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

Trimble announced that its board has authorized a share repurchase program on Friday, December 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.