Danica Pension Livsforsikringsaktieselskab Takes $56.75 Million Position in Trimble Inc. $TRMB

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 695,000 shares of the scientific and technical instruments company’s stock, valued at approximately $56,747,000. Danica Pension Livsforsikringsaktieselskab owned 0.29% of Trimble as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TRMB. Massachusetts Financial Services Co. MA acquired a new position in shares of Trimble during the third quarter valued at about $289,254,000. Wellington Management Group LLP grew its stake in shares of Trimble by 12,120.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company’s stock valued at $224,028,000 after buying an additional 2,721,305 shares during the period. Norges Bank bought a new stake in Trimble in the 2nd quarter valued at about $198,583,000. Raymond James Financial Inc. raised its stake in Trimble by 73.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after buying an additional 542,245 shares during the period. Finally, Boston Partners raised its stake in Trimble by 14.4% during the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after buying an additional 525,214 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of Trimble stock opened at $67.09 on Wednesday. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $69.76 and a 200-day moving average price of $76.37. The company has a market cap of $15.69 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.57.

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

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TRMB shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price target 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. Zacks Research upgraded shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. KeyCorp upgraded 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. Finally, Oppenheimer restated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. 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, the company has a consensus rating of “Buy” and a consensus price target of $93.75.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total transaction of $528,375.00. Following the transaction, the chief executive officer directly owned 19,397 shares in the company, valued at approximately $1,366,518.65. The trade was a 27.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

Trimble 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.