Exchange Traded Concepts LLC Buys 21,869 Shares of Trimble Inc. $TRMB

Exchange Traded Concepts LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,408 shares of the scientific and technical instruments company’s stock after buying an additional 21,869 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.08% of Trimble worth $15,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Peapack Gladstone Financial Corp raised its position in shares of Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after acquiring an additional 125 shares during the last quarter. CI Investments Inc. boosted its holdings in Trimble by 10.3% in the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after acquiring an additional 134 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Trimble by 2.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock valued at $518,000 after acquiring an additional 150 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Trimble by 1.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock valued at $936,000 after purchasing an additional 151 shares during the period. Finally, Fiduciary Trust Co raised its holdings in Trimble by 1.9% during the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Barclays lifted their target price on shares of Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Oppenheimer restated an “outperform” rating and issued a $86.00 target price 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. Finally, KeyCorp raised 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Trimble has a consensus rating of “Buy” and an average target price of $93.75.

Trimble Stock Performance

Shares of TRMB stock opened at $62.97 on Friday. The firm has a 50 day moving average of $67.58 and a 200-day moving average of $75.59. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 2.10 and a beta of 1.57. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50.

Trimble (NASDAQ:TRMB) last issued its 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. The business 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%. Trimble’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

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

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the 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 owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This represents a 27.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

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.