Numerai GP LLC Reduces Stake in Trimble Inc. $TRMB

Numerai GP LLC reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 55.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,695 shares of the scientific and technical instruments company’s stock after selling 31,689 shares during the quarter. Numerai GP LLC’s holdings in Trimble were worth $2,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRMB. Massachusetts Financial Services Co. MA purchased a new position in Trimble during the 3rd quarter valued at $289,254,000. Wellington Management Group LLP lifted its position in shares of Trimble by 12,120.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company’s stock worth $224,028,000 after purchasing an additional 2,721,305 shares during the period. Norges Bank bought a new stake in shares of Trimble during the 2nd quarter valued at about $198,583,000. Raymond James Financial Inc. raised its stake in Trimble by 73.1% in the second quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after buying an additional 542,245 shares in the last quarter. Finally, Boston Partners lifted its holdings in Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after buying an additional 525,214 shares during the period. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TRMB shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Trimble in a research note on Tuesday, February 10th. Finally, KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a report on Monday, December 15th. One equities 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 MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus price target of $93.75.

Trimble Price Performance

TRMB stock opened at $66.60 on Tuesday. 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 firm has a 50 day moving average price of $70.05 and a 200-day moving average price of $76.47. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.22 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The company had revenue of $969.80 million for the quarter, compared to the consensus estimate of $949.97 million. During the same quarter in the prior year, the business posted $0.89 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. 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 EPS for the current fiscal year.

Trimble announced that its Board of Directors has authorized a stock buyback plan 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 reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total transaction of $528,375.00. Following the completion of the sale, the chief executive officer directly owned 19,397 shares in the company, valued at approximately $1,366,518.65. This trade represents a 27.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.