Trimble Inc. $TRMB Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its holdings in Trimble Inc. (NASDAQ:TRMB) by 14.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 252,597 shares of the scientific and technical instruments company’s stock after selling 43,097 shares during the quarter. Citigroup Inc. owned about 0.11% of Trimble worth $20,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Trimble by 0.6% in 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 buying an additional 192,288 shares during the last quarter. State Street Corp boosted its stake in Trimble by 2.6% in 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 acquiring an additional 273,320 shares in the last quarter. Generation Investment Management LLP grew its holdings in shares of Trimble by 19.1% during the second quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock worth $685,314,000 after purchasing an additional 1,449,315 shares during the last quarter. Boston Partners increased its position in shares of Trimble by 14.4% during the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after purchasing an additional 525,214 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Trimble by 6.5% in the 2nd quarter. Invesco Ltd. now owns 4,089,301 shares of the scientific and technical instruments company’s stock valued at $310,705,000 after purchasing an additional 248,751 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 1.6%

NASDAQ:TRMB opened at $68.23 on Friday. Trimble Inc. has a 1 year low of $52.91 and a 1 year 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 stock has a fifty day moving average price of $72.76 and a two-hundred day moving average price of $77.69. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.24 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter 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, sell-side 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 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 shares through open market purchases. Shares repurchase plans are often an indication that the company’s management 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 that occurred on Tuesday, December 9th. The stock was sold at an average price of $81.39, for a total value of $610,425.00. Following the sale, the chief executive officer owned 41,897 shares in the company, valued at $3,409,996.83. This represents a 15.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,250 shares of company stock worth $1,398,038 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TRMB shares. Wells Fargo & Company cut their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Oppenheimer reissued an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research report on Tuesday, February 10th. Barclays upped their target price on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $93.50.

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.