Candriam S.C.A. Decreases Stock Position in Trimble Inc. $TRMB

Candriam S.C.A. cut its position in Trimble Inc. (NASDAQ:TRMB) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 707,290 shares of the scientific and technical instruments company’s stock after selling 34,464 shares during the period. Candriam S.C.A.’s holdings in Trimble were worth $46,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TRMB. Rothschild Investment LLC grew its stake in shares of Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC bought a new stake in Trimble in the 4th quarter valued at about $26,000. Toth Financial Advisory Corp bought a new stake in Trimble in the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust purchased a new stake in Trimble during the fourth quarter valued at about $27,000. Finally, Quarry LP lifted its holdings in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TRMB. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer restated an “outperform” rating and set a $80.00 price target on shares of Trimble in a research note on Tuesday. Piper Sandler cut their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Robert W. Baird cut their price target on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Ten equities 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, Trimble currently has an average rating of “Moderate Buy” and a consensus target price of $87.33.

Trimble Price Performance

Trimble stock opened at $52.82 on Friday. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.76 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. The business has a 50-day simple moving average of $54.40 and a 200 day simple moving average of $64.47. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results 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. The firm had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. 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, research analysts forecast that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Insider Activity at Trimble

In other Trimble news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. The trade was a 45.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. The trade was a 38.67% decrease in their position. 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 currently owned by corporate insiders.

About Trimble

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.