QRG Capital Management Inc. Has $806,000 Stock Holdings in Trimble Inc. $TRMB

QRG Capital Management Inc. lowered its position in Trimble Inc. (NASDAQ:TRMB) by 55.1% during the first quarter, HoldingsChannel.com reports. The firm owned 12,362 shares of the scientific and technical instruments company’s stock after selling 15,186 shares during the quarter. QRG Capital Management Inc.’s holdings in Trimble were worth $806,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Trimble by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock worth $2,395,181,000 after purchasing an additional 304,461 shares during the last quarter. State Street Corp raised its position in shares of Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock valued at $894,183,000 after purchasing an additional 43,285 shares during the period. Geode Capital Management LLC lifted its stake in shares of Trimble by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock worth $492,426,000 after buying an additional 55,073 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after buying an additional 3,455,949 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake 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. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 11,897 shares in the company, valued at approximately $796,385.18. This represents a 38.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 the stock in a transaction that occurred on Thursday, April 16th. The stock was 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 directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 0.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays cut their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler cut their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday. Finally, 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. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.33.

Trimble Stock Performance

TRMB opened at $52.40 on Thursday. The stock’s 50 day simple moving average is $54.95 and its 200-day simple moving average is $64.75. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market cap of $12.21 billion, a PE ratio of 27.58, a P/E/G ratio of 1.80 and a beta of 1.38. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50.

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

About Trimble

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.