Trimble Inc. $TRMB Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,324 shares of the scientific and technical instruments company’s stock after selling 98,876 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Trimble worth $14,442,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Barclays lifted their price target on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Finally, Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One 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 company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $93.75.

Trimble Stock Down 0.6%

Shares of NASDAQ TRMB opened at $65.45 on Friday. The firm’s 50-day moving average is $67.80 and its two-hundred day moving average is $75.75. The company has a market capitalization of $15.31 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.57. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data 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. The business 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%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its Board of Directors has authorized a stock repurchase plan on Friday, December 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the sale, the chief executive officer directly owned 19,397 shares in the company, valued at $1,366,518.65. This represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

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.