Trustmark Bank Trust Department Invests $1.24 Million in Trimble Inc. $TRMB

Trustmark Bank Trust Department acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,145 shares of the scientific and technical instruments company’s stock, valued at approximately $1,237,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new position in Trimble in the third quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in shares of Trimble during the 3rd quarter worth about $30,000. Hantz Financial Services Inc. grew its position in shares of Trimble by 90.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 177 shares during the period. Global Retirement Partners LLC increased 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 acquiring an additional 181 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased 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 acquiring an additional 169 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $70.08 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 40.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.57. The stock’s 50-day moving average is $71.40 and its 200-day moving average is $77.08. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The business had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. During the same period last 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. Equities analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its board has authorized a share buyback plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRMB. Oppenheimer reissued an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a report on Monday, December 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company decreased 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, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $93.75.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the sale, the chief executive officer directly owned 34,397 shares in the company, valued at approximately $2,782,029.36. The trade was a 17.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following 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 SEC filing for this sale provides additional information. Insiders sold 17,250 shares of company stock worth $1,398,038 over the last quarter. 0.54% of the stock is owned by corporate insiders.

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.