Andra AP fonden Grows Stock Position in Trimble Inc. $TRMB

Andra AP fonden lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 292.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,100 shares of the scientific and technical instruments company’s stock after buying an additional 26,910 shares during the period. Andra AP fonden’s holdings in Trimble were worth $2,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in shares of Trimble by 30.9% during the third quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock worth $7,843,000 after purchasing an additional 22,650 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Trimble by 31.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock worth $11,944,000 after buying an additional 35,015 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in Trimble by 168.8% in the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after purchasing an additional 28,676 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Trimble by 123.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock worth $19,375,000 after acquiring an additional 131,056 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Trimble by 8.0% in the 2nd quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock worth $56,529,000 after purchasing an additional 55,300 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRMB has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Oppenheimer reissued an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Barclays upped their price objective on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. One equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $93.50.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $66.87 on Friday. Trimble Inc. has a 12 month low of $52.91 and a 12 month 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 company has a market cap of $15.64 billion, a P/E ratio of 38.21, a P/E/G ratio of 2.23 and a beta of 1.59. The business’s 50 day moving average is $72.48 and its two-hundred day moving average is $77.54.

Trimble (NASDAQ:TRMB) last posted its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. Trimble’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 expect that Trimble Inc. will post 2.37 EPS for the current year.

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

Insider Activity

In other news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the sale, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred 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 owned 25,684 shares of the company’s stock, valued at $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 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

About Trimble

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.