Prudential PLC Has $4.30 Million Stake in Trimble Inc. $TRMB

Prudential PLC lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 54.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,876 shares of the scientific and technical instruments company’s stock after selling 64,317 shares during the period. Prudential PLC’s holdings in Trimble were worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRMB. Wellington Management Group LLP grew its holdings in 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 valued at $224,028,000 after buying an additional 2,721,305 shares during the last quarter. Norges Bank acquired a new stake in Trimble in the 4th quarter valued at approximately $213,133,000. Ninety One UK Ltd acquired a new stake in Trimble in the 4th quarter valued at approximately $67,741,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Trimble in the 3rd quarter valued at approximately $56,747,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after buying an additional 675,134 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $54.19 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The company has a market capitalization of $12.63 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. Trimble Inc. has a one year low of $52.80 and a one year high of $87.50. The business has a 50 day simple moving average of $61.94 and a 200 day simple moving average of $69.53.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $939.90 million during the quarter, compared to the consensus estimate of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.Trimble’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, sell-side analysts forecast that Trimble Inc. will post 2.99 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. The trade was a 38.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 31,725 shares of company stock valued at $2,151,167. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Oppenheimer lowered their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Robert W. Baird lowered their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Trimble currently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

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.