Tredje AP fonden Purchases 151,167 Shares of Trimble Inc. $TRMB

Tredje AP fonden boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 40.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 526,082 shares of the scientific and technical instruments company’s stock after acquiring an additional 151,167 shares during the quarter. Tredje AP fonden’s holdings in Trimble were worth $42,955,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. bought a new position in shares of Trimble during the 3rd quarter valued at $937,000. Wealth Alliance LLC bought a new stake in Trimble in the third quarter worth $324,000. Syon Capital LLC increased its position in Trimble by 5.9% during the third quarter. Syon Capital LLC now owns 5,498 shares of the scientific and technical instruments company’s stock worth $449,000 after buying an additional 307 shares during the last quarter. Advisors Capital Management LLC bought a new position in Trimble during the third quarter valued at about $249,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of Trimble by 87.1% in the third quarter. Axxcess Wealth Management LLC now owns 5,614 shares of the scientific and technical instruments company’s stock worth $458,000 after buying an additional 2,614 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a report on Monday, December 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Oppenheimer reissued an “outperform” rating and issued a $86.00 price target on shares of Trimble in a research report on Tuesday, February 10th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Barclays raised their target price on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $93.50.

Trimble Trading Up 0.3%

Shares of TRMB stock opened at $67.62 on Friday. The firm has a market capitalization of $16.09 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The firm’s fifty day simple moving average is $73.80 and its 200 day simple moving average is $78.15. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The firm had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. During the same period in the prior year, the firm earned $0.89 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. As a group, sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Trimble announced that its board has authorized a share buyback program on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at $2,066,277.80. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were 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 in the company, valued at $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,866 shares of company stock worth $1,448,543. Company insiders own 0.54% of the company’s stock.

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.