Trimble Inc. $TRMB Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,138,354 shares of the scientific and technical instruments company’s stock after selling 51,949 shares during the period. Legal & General Group Plc’s holdings in Trimble were worth $167,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Essex Investment Management Co. LLC raised its position in shares of Trimble by 168.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after purchasing an additional 28,676 shares during the period. Barclays PLC raised its position in shares of Trimble by 17.5% during the 3rd quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock worth $68,555,000 after purchasing an additional 124,772 shares during the period. Envestnet Asset Management Inc. increased its position in Trimble by 73.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 481,877 shares of the scientific and technical instruments company’s stock valued at $39,345,000 after acquiring an additional 203,804 shares during the period. ARK Investment Management LLC increased its position in Trimble by 13.8% in the 3rd quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock valued at $74,990,000 after acquiring an additional 111,450 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its position in Trimble by 2.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock valued at $126,619,000 after acquiring an additional 42,929 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRMB has been the topic of several analyst reports. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Oppenheimer lowered their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Robert W. Baird lowered their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, Piper Sandler lowered their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Trimble Stock Performance

TRMB opened at $54.88 on Thursday. The firm has a market cap of $12.79 billion, a PE ratio of 28.88, a P/E/G ratio of 1.88 and a beta of 1.45. 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 fifty day simple moving average of $63.35 and a 200-day simple moving average of $70.60. Trimble Inc. has a fifty-two week low of $52.80 and a fifty-two week high of $87.50.

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 for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $939.90 million during the quarter, compared to analyst estimates 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 period last year, the company 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. As a group, equities analysts predict that Trimble Inc. will post 2.99 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was 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 filing with the SEC, which is available at 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 firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the sale, the vice president directly owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. This trade represents a 45.96% 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. In the last ninety days, insiders sold 31,725 shares of company stock valued at $2,151,167. 0.59% of the stock is currently owned by 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.