Teachers Retirement System of The State of Kentucky Acquires 72,595 Shares of Trimble Inc. $TRMB

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 378.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,754 shares of the scientific and technical instruments company’s stock after acquiring an additional 72,595 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Trimble were worth $7,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Salomon & Ludwin LLC purchased a new stake in shares of Trimble during the 3rd quarter valued at $25,000. Root Financial Partners LLC purchased a new stake in Trimble during the third quarter worth about $30,000. Hantz Financial Services Inc. boosted its stake in Trimble by 90.8% in 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 acquiring an additional 177 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of 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 valued at $34,000 after acquiring an additional 181 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Up 1.1%

Shares of TRMB opened at $69.16 on Wednesday. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The stock has a market cap of $16.18 billion, a PE ratio of 39.52, a P/E/G ratio of 2.28 and a beta of 1.57. 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 price is $71.99 and its 200-day moving average price is $77.29.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating 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 company earned $0.89 earnings per share. Trimble’s revenue for the quarter 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. On average, equities analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its Board of Directors has approved a share buyback program on Friday, December 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have weighed in on TRMB. Oppenheimer reissued an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Wells Fargo & Company lowered their price objective on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Piper Sandler reiterated an “overweight” rating and set a $97.00 target price on shares of Trimble in a research report on Friday, November 7th. Finally, KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Trimble presently has a consensus rating of “Buy” and an average target price of $93.50.

Insiders Place Their Bets

In related news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the transaction, the chief executive officer owned 34,397 shares in the company, valued at $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. Insiders sold 17,250 shares of company stock worth $1,398,038 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Trimble 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.