Robert Painter Sells 7,500 Shares of Trimble (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) CEO Robert Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total value of $528,375.00. Following the sale, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This represents a 27.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Trimble Trading Up 0.5%

TRMB stock opened at $66.46 on Friday. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 2.21 and a beta of 1.57. The company has a fifty day moving average price of $70.31 and a two-hundred day moving average price of $76.65. 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 (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TRMB shares. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Wells Fargo & Company lowered their target price on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target for the company in a research note on Monday, December 15th. Finally, Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $93.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA bought a new stake in shares of Trimble in the third quarter valued at approximately $289,254,000. Wellington Management Group LLP increased its stake in Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after acquiring an additional 3,455,949 shares during the period. Norges Bank bought a new position in Trimble during the 4th quarter worth $213,133,000. Ninety One UK Ltd acquired a new position in Trimble in the 4th quarter valued at $67,741,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Trimble during the 3rd quarter valued at $56,747,000. 93.21% of the stock is owned by institutional investors.

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.