Allworth Financial LP Lowers Position in Trimble Inc. $TRMB

Allworth Financial LP lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 86.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,501 shares of the scientific and technical instruments company’s stock after selling 9,390 shares during the period. Allworth Financial LP’s holdings in Trimble were worth $123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its stake in Trimble by 348.0% during the third quarter. IFP Advisors Inc now owns 5,708 shares of the scientific and technical instruments company’s stock worth $483,000 after acquiring an additional 4,434 shares during the last quarter. Groupama Asset Managment acquired a new stake in Trimble during the 3rd quarter worth approximately $1,035,000. CIBC Bancorp USA Inc. purchased a new position in Trimble in the third quarter valued at approximately $2,683,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in Trimble during the third quarter valued at approximately $56,747,000. Finally, Danske Bank A S purchased a new stake in Trimble during the third quarter worth approximately $14,104,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 3.8%

Shares of NASDAQ:TRMB opened at $62.97 on Friday. The firm has a market cap of $14.73 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 2.10 and a beta of 1.57. The company has a fifty day simple moving average of $67.58 and a 200 day simple moving average of $75.59. The company has a current ratio of 1.09, a quick ratio of 0.96 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 announced its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $969.80 million during 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 firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, equities research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total transaction of $528,375.00. Following the transaction, the chief executive officer owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This trade represents a 27.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRMB. Wells Fargo & Company reduced their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Barclays boosted their price objective on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $93.75.

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.