Sumitomo Mitsui DS Asset Management Company Ltd Has $11.94 Million Stock Position in Trimble Inc. $TRMB

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Trimble Inc. (NASDAQ:TRMB) by 31.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,283 shares of the scientific and technical instruments company’s stock after buying an additional 35,015 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.06% of Trimble worth $11,944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in Trimble in the third quarter valued at approximately $25,000. Global Retirement Partners LLC raised its position in shares of Trimble by 78.7% during the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 181 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Trimble in the 2nd quarter worth $34,000. Geneos Wealth Management Inc. grew its position in Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Trimble in the 3rd quarter valued at $39,000. 93.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, the director owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total value of $139,158.00. Following the sale, the director directly owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. This represents a 10.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,084 shares of company stock worth $2,144,726 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TRMB shares. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research report on Friday, November 7th. Barclays assumed coverage on Trimble in a research note on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target for the company. Finally, KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Trimble presently has a consensus rating of “Buy” and an average target price of $96.67.

Trimble Trading Up 1.4%

Shares of TRMB stock opened at $80.61 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 55.21, a PEG ratio of 2.81 and a beta of 1.59. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a 50-day simple moving average of $79.89 and a two-hundred day simple moving average of $80.42.

Trimble (NASDAQ:TRMB) last posted its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. The firm had revenue of $856.50 million for the quarter. Trimble had a net margin of 9.93% and a return on equity of 10.73%. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its board has authorized 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 repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.