Strs Ohio Lowers Position in Trimble Inc. $TRMB

Strs Ohio decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 33.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 149,998 shares of the scientific and technical instruments company’s stock after selling 74,709 shares during the period. Strs Ohio’s holdings in Trimble were worth $9,784,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TRMB. Peapack Gladstone Financial Corp raised its holdings in shares of Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after acquiring an additional 125 shares in the last quarter. CI Investments Inc. raised its stake in Trimble by 10.3% in the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after purchasing an additional 134 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in Trimble by 1.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock valued at $936,000 after purchasing an additional 151 shares during the last quarter. Fiduciary Trust Co increased its holdings in shares of Trimble by 1.9% in the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after buying an additional 151 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Trimble by 11.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after buying an additional 155 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

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 completion of the transaction, the vice president directly owned 19,668 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. This represents a 38.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 0.59% of the stock is owned by insiders.

Trimble Stock Performance

NASDAQ TRMB opened at $53.04 on Monday. The company has a 50-day simple moving average of $55.81 and a two-hundred day simple moving average of $65.31. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $87.50. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.77 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.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 company posted $0.61 EPS. Trimble’s revenue for the quarter was up 11.8% on a year-over-year basis. 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 forecast that Trimble Inc. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several research reports. Robert W. Baird cut their target price on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Barclays dropped their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.33.

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.