Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Trimble Inc. $TRMB

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 8.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 113,911 shares of the scientific and technical instruments company’s stock after selling 10,013 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Trimble were worth $9,301,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in Trimble in the third quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in shares of Trimble during the third quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trimble during the second quarter valued at about $34,000. Global Retirement Partners LLC raised its position 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 during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in 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 worth $36,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upped their price target on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Wells Fargo & Company initiated coverage on Trimble in a research report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price target for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $102.00 price target on shares of Trimble in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 616 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $81.99, for a total transaction of $50,505.84. Following the sale, the director directly owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total transaction of $610,425.00. Following the completion of the transaction, the chief executive officer directly owned 41,897 shares of the company’s stock, valued at $3,409,996.83. The trade was a 15.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,084 shares of company stock valued at $2,183,951. Insiders own 0.54% of the company’s stock.

Trimble Price Performance

NASDAQ:TRMB opened at $70.07 on Thursday. The firm’s fifty day moving average is $78.72 and its two-hundred day moving average is $80.07. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 2.44 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The business had revenue of $901.20 million during the quarter, compared to analyst estimates of $870.30 million. During the same quarter last year, the business posted $0.83 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Research analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its Board of Directors has authorized a stock buyback plan 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 reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Trimble Company 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.