Trimble Inc. $TRMB Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB) by 39.4% in the third quarter, HoldingsChannel reports. The firm owned 29,824 shares of the scientific and technical instruments company’s stock after buying an additional 8,429 shares during the quarter. NEOS Investment Management LLC’s holdings in Trimble were worth $2,435,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TRMB. Salomon & Ludwin LLC acquired a new position in shares of Trimble in the third quarter worth $25,000. Root Financial Partners LLC purchased a new position in Trimble in the third quarter valued at $30,000. Hantz Financial Services Inc. grew its stake in Trimble by 90.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 177 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Trimble by 78.7% during the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 181 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Trimble in the 2nd quarter valued at about $34,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Up 0.7%

Shares of NASDAQ TRMB opened at $67.39 on Friday. The business has a 50-day moving average price of $74.06 and a 200 day moving average price of $78.27. The stock has a market cap of $16.03 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $969.80 million for 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 company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company 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. Equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its board has initiated a stock repurchase program on Friday, December 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

TRMB has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 target price on shares of Trimble in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Wells Fargo & Company lowered 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. Barclays raised their price target on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $93.50.

Insider Activity

In other Trimble news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the sale, the director directly owned 13,193 shares of the company’s stock, valued at $1,081,694.07. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the 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 directly owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This represents a 17.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 17,866 shares of company stock valued at $1,448,543. Insiders own 0.54% 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.