First Trust Advisors LP Decreases Stake in Trimble Inc. $TRMB

First Trust Advisors LP cut its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 16.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,508 shares of the scientific and technical instruments company’s stock after selling 106,894 shares during the quarter. First Trust Advisors LP owned about 0.23% of Trimble worth $44,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRMB. Neuberger Berman Group LLC increased its holdings in shares of Trimble by 649.9% in the third quarter. Neuberger Berman Group LLC now owns 281,942 shares of the scientific and technical instruments company’s stock valued at $23,021,000 after purchasing an additional 244,346 shares during the period. Trustmark Bank Trust Department acquired a new stake in shares of Trimble during the third quarter worth about $1,237,000. Barclays PLC boosted its position in Trimble by 17.5% in the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock valued at $68,555,000 after buying an additional 124,772 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Trimble by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 13,534 shares of the scientific and technical instruments company’s stock valued at $1,105,000 after buying an additional 567 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in Trimble by 2.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 17,984 shares of the scientific and technical instruments company’s stock worth $1,468,000 after buying an additional 508 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 2.0%

Trimble stock opened at $67.60 on Thursday. The firm has a market cap of $15.81 billion, a PE ratio of 38.63, a P/E/G ratio of 2.30 and a beta of 1.57. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The stock’s 50 day simple moving average is $70.79 and its two-hundred day simple moving average is $76.83. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last posted its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share 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 firm had revenue of $969.80 million during the quarter, compared to analyst estimates of $949.97 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s quarterly revenue 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. Analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its Board of Directors has initiated a share 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 reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at $2,066,277.80. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the sale, the chief executive officer owned 34,397 shares in the company, valued at $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TRMB has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Wells Fargo & Company cut their price objective on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Finally, Barclays upped their price target on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Trimble presently has an average rating of “Buy” and an average price target of $93.75.

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.