Trimble Inc. $TRMB Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG reduced its position in shares of Trimble Inc. (NASDAQ:TRMB) by 15.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 133,950 shares of the scientific and technical instruments company’s stock after selling 24,258 shares during the period. J. Safra Sarasin Holding AG’s holdings in Trimble were worth $10,495,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TRMB. Peapack Gladstone Financial Corp raised its holdings in shares of 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 valued at $381,000 after buying an additional 125 shares during the period. CI Investments Inc. boosted its holdings in 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 period. Wilmington Savings Fund Society FSB grew its position in Trimble by 2.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock valued at $518,000 after acquiring an additional 150 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in Trimble by 1.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock worth $936,000 after purchasing an additional 151 shares during the period. Finally, Fiduciary Trust Co lifted its position in shares of Trimble by 1.9% during the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after purchasing an additional 151 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Down 0.7%

Shares of NASDAQ:TRMB opened at $62.54 on Tuesday. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm’s 50 day moving average price is $67.35 and its 200 day moving average price is $75.41. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.10 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. During the same quarter in the previous year, the business posted $0.89 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. 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, equities research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its Board of Directors has authorized a stock repurchase program on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

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

Analyst Ratings Changes

TRMB has been the subject of several recent 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Barclays raised their price target on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Finally, Robert W. Baird reduced their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $92.78.

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.