S Bank Fund Management Ltd Purchases 9,924 Shares of Trimble Inc. $TRMB

S Bank Fund Management Ltd raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,983 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,924 shares during the quarter. Trimble makes up approximately 0.9% of S Bank Fund Management Ltd’s holdings, making the stock its 26th biggest position. S Bank Fund Management Ltd’s holdings in Trimble were worth $6,694,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Trimble in the second quarter valued at $198,583,000. Generation Investment Management LLP grew its holdings in shares of Trimble by 19.1% in the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after acquiring an additional 1,449,315 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Trimble by 73.1% during the second quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after acquiring an additional 542,245 shares in the last quarter. Boston Partners grew its stake in Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after purchasing an additional 525,214 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Trimble by 42.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,372,779 shares of the scientific and technical instruments company’s stock worth $104,166,000 after purchasing an additional 409,127 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $102.00 target price on shares of Trimble in a report on Thursday, November 6th. Piper Sandler reiterated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Berenberg Bank set a $95.00 price objective on Trimble and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average target price of $96.78.

Insider Buying and Selling at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer directly owned 25,684 shares in the company, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was 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 in the company, valued at $1,228,770. This represents a 10.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 19,584 shares of company stock worth $1,577,351 over the last quarter. Company insiders own 0.54% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $80.80 on Tuesday. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 55.34, a PEG ratio of 2.81 and a beta of 1.59. The stock’s 50 day moving average is $79.91 and its 200-day moving average is $80.50. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The firm 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. Equities research analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its Board of Directors has approved a share buyback program 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 buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

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.