Oregon Public Employees Retirement Fund Has $2.22 Million Stake in Trimble Inc. $TRMB

Oregon Public Employees Retirement Fund grew its position in Trimble Inc. (NASDAQ:TRMB) by 31.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,150 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,537 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Trimble were worth $2,217,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TRMB. Peapack Gladstone Financial Corp raised its position in Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after purchasing an additional 125 shares during the last quarter. MAI Capital Management increased its stake in shares of Trimble by 4.7% in the second quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after buying an additional 126 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Trimble by 18.4% in the second quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 141 shares in the last quarter. Balboa Wealth Partners raised its holdings in shares of Trimble by 4.7% in the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after buying an additional 144 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Trimble by 11.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,515 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 159 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRMB shares. Wells Fargo & Company began coverage on shares of Trimble in a research report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Barclays raised their price target on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.78.

Insider Buying and Selling

In related news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total transaction of $610,425.00. Following the transaction, the chief executive officer owned 41,897 shares of the company’s stock, valued at $3,409,996.83. This trade represents a 15.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,584 shares of company stock worth $1,577,351 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Trimble Price Performance

Shares of TRMB stock opened at $80.80 on Tuesday. The firm’s 50 day moving average price is $79.91 and its two-hundred day moving average price is $80.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The stock has a market cap of $19.22 billion, a PE ratio of 55.34, a PEG ratio of 2.81 and a beta of 1.59.

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

Trimble announced that its board has approved a share buyback plan on Friday, December 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally 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.