ARK Investment Management LLC Has $74.99 Million Stake in Trimble Inc. $TRMB

ARK Investment Management LLC increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 918,438 shares of the scientific and technical instruments company’s stock after buying an additional 111,450 shares during the quarter. ARK Investment Management LLC owned about 0.39% of Trimble worth $74,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Trimble by 30.9% in the 3rd quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock valued at $7,843,000 after buying an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Trimble by 31.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock worth $11,944,000 after acquiring an additional 35,015 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in Trimble by 168.8% in the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock valued at $3,729,000 after acquiring an additional 28,676 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Trimble by 123.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock valued at $19,375,000 after purchasing an additional 131,056 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Trimble by 8.0% during the second quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock worth $56,529,000 after purchasing an additional 55,300 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total transaction of $606,600.00. Following the transaction, the chief executive officer directly owned 34,397 shares in the company, valued at $2,782,029.36. The trade was a 17.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,250 shares of company stock valued at $1,398,038 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Trimble Trading Up 1.1%

NASDAQ TRMB opened at $69.92 on Thursday. The stock has a market capitalization of $16.36 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.31 and a beta of 1.57. The business has a 50 day simple moving average of $71.79 and a 200 day simple moving average of $77.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. 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 expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its Board of Directors has initiated a stock buyback plan on Friday, December 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent analyst reports. Barclays lifted their target price on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research report on Monday, December 15th. Piper Sandler reissued an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a research note on Friday, November 7th. Wells Fargo & Company decreased their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $86.00 price target on shares of Trimble in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $93.50.

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.