Barclays PLC Buys 124,772 Shares of Trimble Inc. $TRMB

Barclays PLC raised its stake in Trimble Inc. (NASDAQ:TRMB) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 839,625 shares of the scientific and technical instruments company’s stock after buying an additional 124,772 shares during the quarter. Barclays PLC owned 0.35% of Trimble worth $68,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in Trimble during the 3rd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in Trimble during the 3rd quarter worth approximately $30,000. Hantz Financial Services Inc. lifted its stake in Trimble by 90.8% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 177 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Trimble by 78.7% in the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 181 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 169 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 0.5%

Trimble stock opened at $70.08 on Monday. 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 1-year low of $52.91 and a 1-year high of $87.50. The company has a fifty day simple moving average of $71.40 and a 200 day simple moving average of $77.06. The company has a market cap of $16.39 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last released 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. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The business had revenue of $969.80 million for the quarter, compared to the consensus estimate of $949.97 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. Trimble’s quarterly revenue 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. Research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its board has initiated a share buyback plan on Friday, December 5th that allows the company to repurchase $1.00 billion in 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 usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the transaction, the chief financial officer directly owned 25,684 shares in the company, valued at $2,066,277.80. The trade was a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 41,897 shares in the company, valued at approximately $3,409,996.83. The trade was a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,250 shares of company stock valued at $1,398,038 over the last three months. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRMB. Oppenheimer restated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research note on Monday, December 15th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company decreased 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 assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.