Trimble Inc. $TRMB Stake Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,606 shares of the scientific and technical instruments company’s stock after selling 15,329 shares during the quarter. New York State Teachers Retirement System’s holdings in Trimble were worth $13,994,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Trimble by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock worth $2,395,181,000 after acquiring an additional 304,461 shares in the last quarter. State Street Corp grew its stake in Trimble by 0.4% during the 3rd quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock valued at $894,183,000 after acquiring an additional 43,285 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after acquiring an additional 675,134 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Trimble by 1.7% in the 3rd quarter. Invesco Ltd. now owns 4,156,972 shares of the scientific and technical instruments company’s stock valued at $339,417,000 after purchasing an additional 67,671 shares during the period. Finally, 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 valued at $224,028,000 after purchasing an additional 2,721,305 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of TRMB stock opened at $68.42 on Monday. Trimble Inc. has a 12 month low of $62.00 and a 12 month high of $87.50. The company has a market cap of $15.88 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.28 and a beta of 1.45. 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 business’s 50 day moving average is $66.87 and its two-hundred day moving average is $73.21.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. Trimble’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company 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. Equities analysts predict that Trimble Inc. will post 3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TRMB shares. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Robert W. Baird dropped their price objective on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Barclays lifted their target price on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Trimble in a research note on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.78.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. The trade was a 38.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the sale, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This trade 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. In the last three months, insiders have sold 31,725 shares of company stock valued at $2,151,167. Company insiders own 0.59% of the company’s stock.

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.