AIA Group Ltd Takes $2.29 Million Position in Trimble Inc. $TRMB

AIA Group Ltd bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 28,006 shares of the scientific and technical instruments company’s stock, valued at approximately $2,287,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new position in Trimble during the third quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of Trimble in the 3rd quarter worth approximately $30,000. Hantz Financial Services Inc. lifted its position in shares of Trimble by 90.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 177 shares during the period. Quarry LP grew its holdings in shares of Trimble by 175.8% during the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 232 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Trimble by 78.7% during 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 purchasing an additional 181 shares during the period. 93.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of recent research reports. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research note on Monday, December 15th. 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 issued a $86.00 target price on shares of Trimble in a research note 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, Barclays lifted their price objective on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus target price of $93.75.

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was 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 in the company, valued at approximately $1,366,518.65. This trade represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Trimble Stock Performance

NASDAQ:TRMB opened at $66.68 on Friday. The stock has a market capitalization of $15.60 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.19 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. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The firm has a 50 day moving average of $69.21 and a 200-day moving average of $76.23.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.During the same quarter in the prior year, the business earned $0.89 earnings per share. 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 EPS for the current fiscal year.

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

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.