ING Groep NV Invests $2.97 Million in Trimble Inc. $TRMB

ING Groep NV purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,364 shares of the scientific and technical instruments company’s stock, valued at approximately $2,969,000.

A number of other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in Trimble by 30.9% in the 3rd quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock worth $7,843,000 after buying an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Trimble by 31.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock worth $11,944,000 after acquiring an additional 35,015 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Trimble by 168.8% in the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after acquiring an additional 28,676 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Trimble by 123.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock valued at $19,375,000 after purchasing an additional 131,056 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Trimble by 8.0% in the second quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock valued at $56,529,000 after purchasing an additional 55,300 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday. Barclays raised their price objective on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research note on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.33.

Insider Activity at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares of the company’s stock, valued at $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $81.39, for a total value of $610,425.00. Following the sale, the chief executive officer directly owned 41,897 shares of the company’s stock, valued at approximately $3,409,996.83. This trade represents a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,866 shares of company stock valued at $1,448,543 over the last 90 days. 0.54% of the stock is owned by insiders.

Trimble Stock Up 0.6%

TRMB stock opened at $66.40 on Friday. The company’s 50 day moving average is $75.31 and its 200 day moving average is $78.75. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.59. The company has a current ratio of 1.09, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS 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%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its board has approved 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 purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.