Assenagon Asset Management S.A. Has $17.52 Million Position in Trimble Inc. $TRMB

Assenagon Asset Management S.A. boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 45.7% in the first quarter, Holdings Channel reports. The institutional investor owned 268,622 shares of the scientific and technical instruments company’s stock after buying an additional 84,298 shares during the period. Assenagon Asset Management S.A.’s holdings in Trimble were worth $17,522,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings 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 buying an additional 3,455,949 shares during the period. Norges Bank acquired a new position in shares of Trimble in the fourth quarter worth approximately $213,133,000. Ninety One UK Ltd acquired a new position in shares of Trimble in the fourth quarter worth approximately $67,741,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in Trimble in the third quarter valued at approximately $56,747,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Trimble by 19.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after acquiring an additional 675,134 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Price Performance

Trimble stock opened at $50.70 on Friday. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.69 and a beta of 1.38. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. The stock’s 50 day moving average price is $57.49 and its two-hundred day moving average price is $66.46.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same quarter in the previous year, the business posted $0.61 EPS. Trimble’s revenue for the quarter was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, equities analysts predict that Trimble Inc. will post 2.99 earnings per share for the current year.

Insider Buying and Selling at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the transaction, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the transaction, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRMB. Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird reduced their price objective on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Piper Sandler dropped their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Barclays cut their price target on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

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.