Trimble Inc. $TRMB Shares Purchased by AGF Management Ltd.

AGF Management Ltd. lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 15.0% in the third quarter, Holdings Channel reports. The institutional investor owned 107,815 shares of the scientific and technical instruments company’s stock after acquiring an additional 14,031 shares during the quarter. AGF Management Ltd.’s holdings in Trimble were worth $8,803,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of Trimble during the third quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in Trimble in the third quarter valued at $30,000. Catalyst Capital Advisors LLC acquired a new stake in Trimble in the second quarter valued at $34,000. Global Retirement Partners LLC increased its position in 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 worth $34,000 after buying an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 169 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 616 shares of Trimble stock in a transaction on 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 directly owned 13,193 shares of the company’s stock, valued at $1,081,694.07. The trade was a 4.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 27,084 shares of company stock worth $2,183,951. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRMB. Wells Fargo & Company started coverage on shares of Trimble in a research report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price target on shares of Trimble in a report on Friday, November 7th. Oppenheimer restated an “outperform” rating and issued a $102.00 target price on shares of Trimble in a research report on Thursday, November 6th. Barclays lifted their price target on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, KeyCorp raised 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 research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.78.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $67.88 on Tuesday. The firm has a market cap of $16.15 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. The business has a fifty day moving average of $78.18 and a 200-day moving average of $79.80.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating 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 analyst estimates of $870.30 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The company’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, equities research analysts predict 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 buyback $1.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.