Primecap Management Co. CA Sells 142,940 Shares of Trimble Inc. $TRMB

Primecap Management Co. CA lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,089,601 shares of the scientific and technical instruments company’s stock after selling 142,940 shares during the period. Primecap Management Co. CA’s holdings in Trimble were worth $333,916,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRMB. SG Americas Securities LLC boosted its holdings in Trimble by 30.9% in the third quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock valued at $7,843,000 after acquiring an additional 22,650 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Trimble by 31.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock worth $11,944,000 after purchasing an additional 35,015 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Trimble by 168.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after purchasing an additional 28,676 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Trimble by 123.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock valued at $19,375,000 after purchasing an additional 131,056 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Trimble by 8.0% during the second quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock worth $56,529,000 after buying an additional 55,300 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insiders Place Their Bets

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer directly 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 this hyperlink. Also, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the sale, the director directly owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,866 shares of company stock worth $1,448,543. Insiders own 0.54% of the company’s stock.

Trimble Stock Up 0.6%

TRMB stock opened at $67.14 on Thursday. The stock’s 50 day simple moving average is $73.00 and its 200 day simple moving average is $77.76. The company has a market cap of $15.97 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $949.97 million. During the same period in the prior year, the firm 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, research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TRMB shares. Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Wells Fargo & Company dropped their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Oppenheimer restated an “outperform” rating and set a $86.00 price target on shares of Trimble in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus target price of $93.50.

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.