Brant Point Investment Management LLC Purchases 15,000 Shares of Trimble Inc. $TRMB

Brant Point Investment Management LLC lifted its position in Trimble Inc. (NASDAQ:TRMB) by 27.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,000 shares during the quarter. Trimble comprises about 0.7% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Brant Point Investment Management LLC’s holdings in Trimble were worth $5,484,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRMB. Wellington Management Group LLP increased its holdings in shares of Trimble by 12,120.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company’s stock worth $224,028,000 after buying an additional 2,721,305 shares during the last quarter. Norges Bank bought a new stake in shares of Trimble in the 4th quarter worth about $213,133,000. Ninety One UK Ltd bought a new stake in shares of Trimble in the 4th quarter worth about $67,741,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Trimble in the 3rd quarter worth about $56,747,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after buying an additional 675,134 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $50.42 on Friday. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.69 and a beta of 1.38. Trimble Inc. has a 12 month low of $48.90 and a 12 month high of $87.50. The firm’s 50-day moving average is $60.67 and its 200 day moving average is $68.68. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Research analysts predict that Trimble Inc. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Piper Sandler reduced their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer reduced their target price on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Wells Fargo & Company reduced their target price on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Trimble presently has an average rating of “Moderate Buy” and an average price target of $87.33.

Insider Activity

In related news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the transaction, the chief executive officer directly owned 11,897 shares in the company, valued at approximately $796,385.18. This represents a 38.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares in the company, valued at $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.59% of the company’s stock.

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.