Tredje AP fonden Sells 80,585 Shares of Trimble Inc. $TRMB

Tredje AP fonden cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 15.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 445,497 shares of the scientific and technical instruments company’s stock after selling 80,585 shares during the quarter. Tredje AP fonden’s holdings in Trimble were worth $34,905,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in Trimble in the fourth quarter worth about $27,000. Root Financial Partners LLC bought a new position in shares of Trimble during the third quarter valued at approximately $30,000. Hantz Financial Services Inc. raised its holdings in shares of Trimble by 90.8% in the third 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 during the period. Quarry LP raised its holdings in shares of Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 232 shares during the period. Finally, BOKF NA lifted its stake in shares of Trimble by 103.8% during the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 217 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler cut their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Oppenheimer reduced their price target on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Insider Activity

In other news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction dated 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 sale, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. The transaction 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, 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 sale, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at $796,385.18. The trade was a 38.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last quarter, insiders have sold 31,725 shares of company stock worth $2,151,167. 0.59% of the stock is owned by company insiders.

Trimble Trading Down 0.2%

Shares of NASDAQ TRMB opened at $55.02 on Tuesday. Trimble Inc. has a twelve month low of $54.60 and a twelve month high of $87.50. The firm has a market cap of $12.83 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.84 and a beta of 1.45. The business has a fifty day simple moving average of $65.07 and a two-hundred day simple moving average of $71.76. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $939.90 million for 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%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior 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. Analysts expect that Trimble Inc. will post 3 earnings per share 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.