Amova Asset Management Americas Inc. Sells 135,530 Shares of Trimble Inc. $TRMB

Amova Asset Management Americas Inc. cut its stake in Trimble Inc. (NASDAQ:TRMB) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,166,717 shares of the scientific and technical instruments company’s stock after selling 135,530 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.49% of Trimble worth $95,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA bought a new position in shares of Trimble during the third quarter worth approximately $289,254,000. Norges Bank acquired a new position in Trimble in the 2nd quarter valued at $198,583,000. Generation Investment Management LLP increased its position in Trimble by 19.1% during the 2nd 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 buying an additional 1,449,315 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Trimble by 73.1% during the second 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 in the last quarter. Finally, Boston Partners boosted its position in shares of Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after acquiring an additional 525,214 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRMB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. KeyCorp upgraded 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. Barclays increased their price target on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company dropped their price objective on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $93.50.

Trimble Price Performance

Trimble stock opened at $69.92 on Thursday. The company has a market capitalization of $16.36 billion, a PE ratio of 39.95, a P/E/G ratio of 2.31 and a beta of 1.57. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $71.79 and a two-hundred day moving average price of $77.24. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating 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 company 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 firm posted $0.89 earnings per share. The firm’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. Analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

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

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total transaction of $610,425.00. Following the completion of the transaction, the chief executive officer owned 41,897 shares of the company’s stock, valued at approximately $3,409,996.83. This trade represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the sale, the chief financial officer directly owned 25,684 shares in the company, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,250 shares of company stock valued at $1,398,038 in the last ninety days. Insiders own 0.54% of the company’s stock.

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.