Intech Investment Management LLC Buys 32,575 Shares of Trimble Inc. $TRMB

Intech Investment Management LLC raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 443.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,928 shares of the scientific and technical instruments company’s stock after purchasing an additional 32,575 shares during the period. Intech Investment Management LLC’s holdings in Trimble were worth $3,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Trimble in the 4th quarter valued at $211,000. Empowered Funds LLC grew its position in shares of Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after purchasing an additional 607 shares during the last quarter. Woodline Partners LP grew its position in shares of Trimble by 41.6% in the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after purchasing an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Trimble in the second quarter worth about $208,000. Finally, Assetmark Inc. lifted its position in shares of Trimble by 9.5% during the 2nd quarter. Assetmark Inc. now owns 7,489 shares of the scientific and technical instruments company’s stock worth $569,000 after purchasing an additional 651 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 34,397 shares of the company’s stock, valued at $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 available through this hyperlink. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the transaction, the chief financial officer owned 25,684 shares of the company’s stock, valued at $2,066,277.80. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 17,250 shares of company stock worth $1,398,038. Corporate insiders own 0.54% of the company’s stock.

Trimble Stock Up 2.3%

Shares of TRMB stock opened at $68.41 on Tuesday. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. 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 stock has a fifty day moving average price of $72.21 and a 200 day moving average price of $77.39. The stock has a market cap of $16.00 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter 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. Analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its Board of Directors has approved a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRMB shares. Barclays raised 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. Oppenheimer restated an “outperform” rating and issued a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Wells Fargo & Company reduced 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. Finally, KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a report 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.com, the company has an average rating of “Buy” and an average price target of $93.50.

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.