AlphaQuest LLC Takes $960,000 Position in Trimble Inc. $TRMB

AlphaQuest LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,762 shares of the scientific and technical instruments company’s stock, valued at approximately $960,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Salomon & Ludwin LLC bought a new stake in shares of Trimble during the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in Trimble during the 3rd quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in Trimble in the 2nd quarter valued at about $34,000. Global Retirement Partners LLC increased its position 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 acquiring an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 worth $36,000 after acquiring an additional 169 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research reports. Barclays raised their price target on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Oppenheimer reiterated an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Wells Fargo & Company initiated coverage on Trimble in a research note on Thursday, November 13th. They set an “overweight” rating and a $94.00 price target on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.78.

Insider Activity

In related news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the sale, the chief financial officer 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the transaction, the chief executive officer owned 34,397 shares in the company, valued at approximately $2,782,029.36. This represents a 17.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,084 shares of company stock worth $2,183,951 over the last three months. Company insiders own 0.54% of the company’s stock.

Trimble Stock Up 0.4%

Shares of Trimble stock opened at $67.88 on Tuesday. The business has a fifty day simple moving average of $78.18 and a 200 day simple moving average of $79.80. The stock has a market cap of $16.15 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its board has authorized a stock buyback plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership 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.