Numerai GP LLC Cuts Holdings in Trimble Inc. $TRMB

Numerai GP LLC decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 55.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,695 shares of the scientific and technical instruments company’s stock after selling 31,689 shares during the period. Numerai GP LLC’s holdings in Trimble were worth $2,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Peapack Gladstone Financial Corp increased its holdings in Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after buying an additional 125 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Trimble by 4.7% during the 2nd quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after acquiring an additional 126 shares during the last quarter. CI Investments Inc. boosted its holdings in shares of Trimble by 10.3% during the 3rd quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after acquiring an additional 134 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Trimble by 2.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock worth $518,000 after acquiring an additional 150 shares during the period. Finally, Fiduciary Trust Co grew its stake in shares of Trimble by 1.9% in the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after acquiring an additional 151 shares during the period. 93.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research report on Tuesday, February 10th. Wells Fargo & Company decreased their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research note on Monday, December 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $93.75.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the completion of the sale, the chief executive officer owned 19,397 shares in the company, valued at $1,366,518.65. This represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $66.60 on Tuesday. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.22 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. The firm has a 50 day moving average of $70.05 and a 200 day moving average of $76.47.

Trimble (NASDAQ:TRMB) last released its quarterly 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 the consensus estimate of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its board has initiated a stock buyback program 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 purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is 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.