Teachers Retirement System of The State of Kentucky Increases Position in Trimble Inc. $TRMB

Teachers Retirement System of The State of Kentucky raised its position in shares of Trimble Inc. (NASDAQ:TRMB) by 378.9% during the third quarter, HoldingsChannel reports. The firm owned 91,754 shares of the scientific and technical instruments company’s stock after purchasing an additional 72,595 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Trimble were worth $7,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in shares of Trimble during the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in shares of Trimble during the third quarter worth approximately $30,000. Hantz Financial Services Inc. lifted its holdings in shares of Trimble by 90.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 177 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Trimble by 78.7% in the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

Shares of TRMB stock opened at $69.16 on Wednesday. The firm has a market cap of $16.18 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.28 and a beta of 1.57. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The business’s 50 day moving average price is $71.99 and its 200-day moving average price is $77.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, equities research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its board has initiated a share repurchase program 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 reacquire up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TRMB shares. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Barclays increased their target price on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Finally, KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Trimble presently has an average rating of “Buy” and a consensus target price of $93.50.

Insider Activity

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction dated 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 $2,066,277.80. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the transaction, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at $2,782,029.36. This represents a 17.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 17,250 shares of company stock valued at $1,398,038. Corporate insiders own 0.54% of the company’s stock.

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.