Victory Capital Management Inc. Has $418.53 Million Stake in Trimble Inc. $TRMB

Victory Capital Management Inc. cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,125,866 shares of the scientific and technical instruments company’s stock after selling 422,693 shares during the quarter. Victory Capital Management Inc. owned 2.15% of Trimble worth $418,527,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of Trimble during the 3rd quarter worth about $25,000. Root Financial Partners LLC bought a new position in Trimble during the third quarter worth about $30,000. Hantz Financial Services Inc. boosted its holdings in Trimble by 90.8% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 177 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Trimble by 78.7% in the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 181 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $68.41 on Tuesday. The firm has a fifty day moving average of $72.21 and a two-hundred day moving average of $77.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 2.23 and a beta of 1.57. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data 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 return on equity of 11.18% and a net margin of 11.82%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Trimble announced that its Board of Directors has approved a stock buyback 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 buy up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Finally, Barclays increased their price objective on shares of Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $93.50.

Insider Transactions at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares in the company, valued at $2,066,277.80. This trade represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the transaction, the chief executive officer directly owned 34,397 shares in the company, valued at $2,782,029.36. The trade was a 17.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 17,250 shares of company stock valued at $1,398,038. 0.54% of the stock is currently owned by company insiders.

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.