11,762 Shares in Trimble Inc. $TRMB Bought by AlphaQuest LLC

AlphaQuest LLC bought a new position in Trimble Inc. (NASDAQ:TRMB) in the third quarter, HoldingsChannel.com reports. The firm bought 11,762 shares of the scientific and technical instruments company’s stock, valued at approximately $960,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp boosted its position in shares of Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after buying an additional 125 shares during the period. MAI Capital Management lifted its stake in Trimble by 4.7% in the 2nd quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after acquiring an additional 126 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Trimble by 18.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 141 shares during the last quarter. Balboa Wealth Partners boosted its position in Trimble by 4.7% during the 2nd quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock worth $243,000 after acquiring an additional 144 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Trimble by 2.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock worth $518,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, the director directly owned 13,193 shares in the company, valued at $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the sale, the chief executive officer owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This represents a 17.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,084 shares of company stock worth $2,183,951 in the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRMB. Piper Sandler reissued an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Barclays raised their price objective on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $102.00 price target on shares of Trimble in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

Trimble Stock Up 0.4%

Shares of TRMB stock opened at $67.88 on Tuesday. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 2.36 and a beta of 1.59. The firm’s 50-day moving average is $78.18 and its 200-day moving average is $79.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00.

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

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