QRG Capital Management Inc. Has $2.45 Million Holdings in Trimble Inc. $TRMB

QRG Capital Management Inc. decreased its stake in Trimble Inc. (NASDAQ:TRMB) by 75.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,029 shares of the scientific and technical instruments company’s stock after selling 90,442 shares during the quarter. QRG Capital Management Inc.’s holdings in Trimble were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in shares of Trimble in the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in Trimble in the second quarter valued at approximately $34,000. Global Retirement Partners LLC raised its holdings in Trimble by 78.7% in the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 181 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Trimble by 55.4% during the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Trimble in the 3rd quarter valued at $39,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 6.0%

NASDAQ:TRMB opened at $73.89 on Tuesday. The stock has a 50-day simple moving average of $79.71 and a 200 day simple moving average of $80.51. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a market cap of $17.58 billion, a PE ratio of 50.61, a PEG ratio of 2.58 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The firm had revenue of $901.20 million for the quarter, compared to analysts’ expectations of $870.30 million. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. On average, sell-side analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its Board of Directors has approved a stock repurchase plan on Friday, December 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Barclays lifted their price objective on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Oppenheimer reissued an “outperform” rating and set a $102.00 target price on shares of Trimble in a research note on Thursday, November 6th. Finally, Wells Fargo & Company initiated coverage on shares of Trimble in a research note on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.78.

Insider Buying and Selling at Trimble

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares of the company’s stock, 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 SEC, which is available through this link. Also, Director James Calvin Dalton sold 616 shares of the 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 transaction, the director owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,084 shares of company stock worth $2,183,951. Company insiders own 0.54% of the company’s stock.

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.