Trimble Inc. $TRMB Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 16.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,508 shares of the scientific and technical instruments company’s stock after selling 106,894 shares during the period. First Trust Advisors LP’s holdings in Trimble were worth $44,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in Trimble during the third quarter worth $25,000. Root Financial Partners LLC acquired a new stake in shares of Trimble in the third quarter valued at about $30,000. Hantz Financial Services Inc. increased its stake in shares of Trimble by 90.8% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 177 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Trimble by 78.7% during the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

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, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the transaction, the chief executive officer owned 34,397 shares in the company, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction 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 owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the topic of a number of research reports. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price for the company in a report on Monday, December 15th. Oppenheimer restated an “outperform” rating and issued a $86.00 target price on shares of Trimble in a research report on Tuesday, February 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Finally, Barclays boosted their price target on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. One investment 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $93.75.

Trimble Stock Down 2.0%

TRMB stock opened at $67.60 on Thursday. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 2.30 and a beta of 1.57. The company has a current ratio of 1.09, a quick ratio of 0.96 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 firm has a 50-day moving average of $70.79 and a two-hundred day moving average of $76.83.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. As a group, analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its board has initiated a stock buyback program on Friday, December 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 5.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.