ING Groep NV Takes $2.97 Million Position in Trimble Inc. $TRMB

ING Groep NV bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,364 shares of the scientific and technical instruments company’s stock, valued at approximately $2,969,000.

A number of other large investors also recently added to or reduced their stakes in TRMB. Krilogy Financial LLC purchased a new stake in Trimble during the third quarter valued at about $508,000. Advisors Asset Management Inc. lifted its stake in shares of Trimble by 7.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 27,071 shares of the scientific and technical instruments company’s stock valued at $2,210,000 after acquiring an additional 1,910 shares during the last quarter. Liberty Capital Management Inc. boosted its holdings in Trimble by 4.5% during the 3rd quarter. Liberty Capital Management Inc. now owns 32,176 shares of the scientific and technical instruments company’s stock valued at $2,627,000 after acquiring an additional 1,376 shares during the period. MQS Management LLC bought a new position in Trimble during the 3rd quarter worth approximately $663,000. Finally, Applied Finance Capital Management LLC purchased a new position in Trimble in the 3rd quarter worth approximately $397,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the sale, the director directly owned 13,193 shares of the company’s stock, valued at $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $81.39, for a total value of $610,425.00. Following the completion of the transaction, the chief executive officer owned 41,897 shares of the company’s stock, valued at approximately $3,409,996.83. This trade represents a 15.18% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 17,866 shares of company stock worth $1,448,543. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRMB shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $86.00 price target on shares of Trimble in a report on Tuesday. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $97.00 target price on shares of Trimble in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.33.

Trimble Stock Up 0.6%

Shares of Trimble stock opened at $66.40 on Friday. The company has a current ratio of 1.09, 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. The company has a market cap of $15.80 billion, a P/E ratio of 37.94, a PEG ratio of 2.27 and a beta of 1.59. The company’s fifty day simple moving average is $75.31 and its two-hundred day simple moving average is $78.75.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. Trimble’s quarterly 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. Research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its Board of Directors has initiated a stock buyback program on Friday, December 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors 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.