Trimble Inc. $TRMB Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,157,891 shares of the scientific and technical instruments company’s stock after selling 16,377 shares during the period. Trimble makes up approximately 1.3% of King Luther Capital Management Corp’s portfolio, making the stock its 16th largest position. King Luther Capital Management Corp owned 1.75% of Trimble worth $325,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allstate Corp lifted its stake in Trimble by 80.0% in the fourth quarter. Allstate Corp now owns 16,318 shares of the scientific and technical instruments company’s stock worth $1,279,000 after acquiring an additional 7,251 shares during the last quarter. Choate Investment Advisors acquired a new stake in shares of Trimble in the 4th quarter valued at about $252,000. Clearstead Advisors LLC boosted its holdings in shares of Trimble by 180.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $134,000 after acquiring an additional 1,103 shares during the period. Hantz Financial Services Inc. boosted its stake in Trimble by 210.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,156 shares of the scientific and technical instruments company’s stock worth $91,000 after purchasing an additional 784 shares during the period. Finally, Swedbank AB grew its holdings in shares of Trimble by 60.0% during the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock worth $39,816,000 after buying an additional 190,638 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Oppenheimer decreased their price objective on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Barclays upped their target price on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, Robert W. Baird decreased their price target on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’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 directly owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. The trade was a 45.96% 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. Insiders sold 31,725 shares of company stock valued at $2,151,167 in the last ninety days. 0.59% of the stock is owned by corporate insiders.

Trimble Stock Performance

NASDAQ TRMB opened at $56.34 on Wednesday. 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 $52.80 and a 1-year high of $87.50. The business’s 50-day simple moving average is $63.58 and its 200-day simple moving average is $70.77. The firm has a market capitalization of $13.13 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.88 and a beta of 1.45.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. 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 prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Equities analysts predict that Trimble Inc. will post 2.99 EPS for the current year.

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.