Trustmark Bank Trust Department Buys New Holdings in Trimble Inc. $TRMB

Trustmark Bank Trust Department bought a new position in Trimble Inc. (NASDAQ:TRMB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,145 shares of the scientific and technical instruments company’s stock, valued at approximately $1,237,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new stake in shares of Trimble during the 3rd quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of Trimble in the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. raised its holdings in shares of Trimble by 90.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 177 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Trimble by 78.7% in the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TRMB. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research note on Monday, December 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. One investment 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. According to MarketBeat, Trimble has a consensus rating of “Buy” and an average price target of $93.75.

Insider Activity

In other news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares in the company, valued at $2,066,277.80. The trade was a 8.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the sale, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 17,250 shares of company stock valued at $1,398,038 over the last three months. Company insiders own 0.54% of the company’s stock.

Trimble Stock Down 0.5%

NASDAQ TRMB opened at $70.08 on Friday. The stock has a market capitalization of $16.39 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.57. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. 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 stock has a fifty day moving average of $71.40 and a 200-day moving average of $77.08.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. 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, equities research analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

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

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.