TimesSquare Capital Management LLC Trims Stake in Trimble Inc. $TRMB

TimesSquare Capital Management LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 690,280 shares of the scientific and technical instruments company’s stock after selling 34,705 shares during the period. TimesSquare Capital Management LLC’s holdings in Trimble were worth $54,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TRMB. Brighton Jones LLC purchased a new position in shares of Trimble during the fourth quarter valued at about $211,000. Empowered Funds LLC increased its position in shares of Trimble by 9.5% during the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after buying an additional 607 shares during the period. Woodline Partners LP increased its position in shares of Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after buying an additional 6,100 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Trimble during the second quarter valued at about $208,000. Finally, Marshall Wace LLP increased its position in shares of Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock valued at $8,624,000 after buying an additional 27,374 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TRMB. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Barclays boosted their price objective on shares of Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Finally, Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Insider Activity at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a filing 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, 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 transaction 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. This represents a 38.67% decrease in their position. 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. In the last quarter, insiders sold 31,725 shares of company stock worth $2,151,167. Insiders own 0.59% of the company’s stock.

Trimble Trading Down 0.2%

NASDAQ:TRMB opened at $55.02 on Tuesday. The company’s 50-day simple moving average is $65.07 and its 200 day simple moving average is $71.76. The firm has a market capitalization of $12.83 billion, a P/E ratio of 28.96, a PEG ratio of 1.84 and a beta of 1.45. Trimble Inc. has a one year low of $54.60 and a one year high of $87.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, analysts forecast that Trimble Inc. will post 3 EPS for the current fiscal 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.