Boothbay Fund Management LLC Has $3.89 Million Holdings in Trimble Inc. $TRMB

Boothbay Fund Management LLC reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 41.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,673 shares of the scientific and technical instruments company’s stock after selling 34,321 shares during the quarter. Boothbay Fund Management LLC’s holdings in Trimble were worth $3,892,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Trimble by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 30,265,817 shares of the scientific and technical instruments company’s stock valued at $2,471,204,000 after acquiring an additional 192,288 shares in the last quarter. State Street Corp boosted its position in 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 purchasing an additional 273,320 shares during the last quarter. Boston Partners grew 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 valued at $318,285,000 after purchasing an additional 525,214 shares in the last quarter. Invesco Ltd. grew its stake in Trimble by 1.7% in the third quarter. Invesco Ltd. now owns 4,156,972 shares of the scientific and technical instruments company’s stock valued at $339,417,000 after purchasing an additional 67,671 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Trimble in the 3rd quarter worth about $289,254,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Up 0.2%

Shares of TRMB stock opened at $66.60 on Tuesday. The stock’s 50 day simple moving average is $70.05 and its 200 day simple moving average is $76.47. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.22 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The firm had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’s 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. As a group, research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

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

Insider Activity

In related news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total transaction of $528,375.00. Following the completion of the sale, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at approximately $1,366,518.65. This represents a 27.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRMB. Oppenheimer reiterated an “outperform” rating and set a $86.00 price target on shares of Trimble in a report on Tuesday, February 10th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Wells Fargo & Company decreased their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $93.75.

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.