Swiss National Bank Sells 56,300 Shares of Trimble Inc. $TRMB

Swiss National Bank reduced its position in shares of Trimble Inc. (NASDAQ:TRMB) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,700 shares of the scientific and technical instruments company’s stock after selling 56,300 shares during the period. Swiss National Bank owned approximately 0.29% of Trimble worth $56,151,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Trimble during the 3rd quarter worth $289,254,000. Norges Bank acquired a new stake in Trimble in the second quarter valued at about $198,583,000. Raymond James Financial Inc. boosted its stake in Trimble by 73.1% in the second 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. Boston Partners grew its position in Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after acquiring an additional 525,214 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Trimble by 42.5% during the second quarter. AQR Capital Management LLC now owns 1,372,779 shares of the scientific and technical instruments company’s stock worth $104,166,000 after acquiring an additional 409,127 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRMB shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Barclays raised their target price on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Finally, KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Trimble currently has a consensus rating of “Buy” and an average price target of $93.75.

Insider Buying and Selling at Trimble

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction dated 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 owned 25,684 shares in the company, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the transaction, the chief executive officer directly owned 34,397 shares in the company, valued at approximately $2,782,029.36. This represents a 17.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Trimble Stock Performance

NASDAQ:TRMB opened at $67.60 on Thursday. The stock’s 50-day moving average is $70.79 and its 200-day moving average is $76.83. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market cap of $15.81 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last issued 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. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business had revenue of $969.80 million during the quarter, compared to analyst estimates of $949.97 million. During the same quarter last year, the business earned $0.89 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

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

Trimble Company 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.