Aberdeen Group plc Purchases 33,939 Shares of Trimble Inc. $TRMB

Aberdeen Group plc boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,129 shares of the scientific and technical instruments company’s stock after purchasing an additional 33,939 shares during the period. Aberdeen Group plc owned about 0.13% of Trimble worth $24,587,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Trimble by 2.6% during the second quarter. State Street Corp now owns 10,908,124 shares of the scientific and technical instruments company’s stock valued at $828,799,000 after buying an additional 273,320 shares during the last quarter. Generation Investment Management LLP grew its position in Trimble by 19.1% in the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after acquiring an additional 1,449,315 shares during the last quarter. Boston Partners increased its stake in Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after purchasing an additional 525,214 shares during the period. Invesco Ltd. lifted its position in shares of Trimble by 6.5% during the second quarter. Invesco Ltd. now owns 4,089,301 shares of the scientific and technical instruments company’s stock worth $310,705,000 after purchasing an additional 248,751 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Trimble during the third quarter valued at $289,254,000. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of TRMB stock opened at $65.63 on Wednesday. The stock’s 50-day moving average is $74.69 and its 200 day moving average is $78.42. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. The company has a market cap of $15.61 billion, a P/E ratio of 37.50, a PEG ratio of 2.21 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business had revenue of $969.80 million during the quarter, compared to analyst estimates of $949.97 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its board has authorized a stock repurchase program on Friday, December 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the transaction, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at $2,066,277.80. This represents a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This represents a 17.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,866 shares of company stock worth $1,448,543 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target for the company in a research note on Monday, December 15th. Wells Fargo & Company dropped their price objective on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Barclays raised their price objective on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and an average price target of $93.33.

Trimble Company Profile

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.