Chilton Capital Management LLC Cuts Stock Holdings in Trimble Inc. $TRMB

Chilton Capital Management LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 95.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,868 shares of the scientific and technical instruments company’s stock after selling 366,675 shares during the quarter. Chilton Capital Management LLC’s holdings in Trimble were worth $1,377,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. SG Americas Securities LLC grew its position in Trimble by 30.9% in the 3rd 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 position in shares of 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Trimble by 123.4% in the 3rd 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 buying an additional 131,056 shares during the last quarter. Swiss National Bank grew its holdings in shares of Trimble by 8.0% in the second quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock valued at $56,529,000 after acquiring an additional 55,300 shares in the last quarter. Finally, Boston Partners increased its position in shares of Trimble by 14.4% during 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 last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Up 0.3%

TRMB opened at $71.38 on Tuesday. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The company has a market cap of $16.98 billion, a PE ratio of 48.89, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $78.95 and a 200 day moving average of $80.21.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The firm had revenue of $901.20 million for the quarter, compared to the consensus estimate of $870.30 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. On average, sell-side analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Trimble announced that its board has initiated 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 generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Trimble news, Director James Calvin Dalton sold 616 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the completion of the transaction, the director owned 13,193 shares in the company, valued at $1,081,694.07. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $81.00, for a total value of $139,158.00. Following the transaction, the director directly owned 15,170 shares of the company’s stock, valued at $1,228,770. The trade was a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 27,084 shares of company stock worth $2,183,951. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Oppenheimer restated an “outperform” rating and set a $102.00 price target on shares of Trimble in a research report on Thursday, November 6th. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.78.

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.