Rockefeller Capital Management L.P. Cuts Position in Trimble Inc. $TRMB

Rockefeller Capital Management L.P. lessened its position in Trimble Inc. (NASDAQ:TRMB) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,546 shares of the scientific and technical instruments company’s stock after selling 17,485 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Trimble were worth $11,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its stake in Trimble by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 21,675 shares of the scientific and technical instruments company’s stock worth $1,698,000 after purchasing an additional 887 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Trimble by 15.8% during the 4th quarter. Hsbc Holdings PLC now owns 2,464,654 shares of the scientific and technical instruments company’s stock valued at $193,153,000 after purchasing an additional 335,850 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Trimble during the 4th quarter valued at about $48,000. MidFirst Bank purchased a new position in shares of Trimble during the 4th quarter valued at about $419,000. Finally, DGS Capital Management LLC lifted its position in Trimble by 25.8% in the 4th quarter. DGS Capital Management LLC now owns 5,267 shares of the scientific and technical instruments company’s stock worth $413,000 after buying an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Up 1.9%

Shares of TRMB stock opened at $50.13 on Thursday. The business has a 50-day moving average of $58.14 and a 200 day moving average of $66.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $87.50. The stock has a market capitalization of $11.69 billion, a PE ratio of 26.39, a P/E/G ratio of 1.64 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping 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 business had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. During the same period in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts anticipate that Trimble Inc. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on TRMB shares. Barclays cut their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Robert W. Baird lowered their price objective on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Oppenheimer cut their price objective on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average price target of $87.33.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction on 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 sale, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. 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. 0.59% of the stock is currently owned by company insiders.

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.