Citigroup Inc. Trims Stock Position in Trimble Inc. $TRMB

Citigroup Inc. cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,597 shares of the scientific and technical instruments company’s stock after selling 43,097 shares during the quarter. Citigroup Inc.’s holdings in Trimble were worth $20,625,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TRMB. Tredje AP fonden grew its holdings in Trimble by 40.3% during the 3rd quarter. Tredje AP fonden now owns 526,082 shares of the scientific and technical instruments company’s stock valued at $42,955,000 after buying an additional 151,167 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Trimble during the third quarter valued at $937,000. Wealth Alliance LLC purchased a new stake in Trimble during the 3rd quarter worth about $324,000. Syon Capital LLC raised its stake in Trimble by 5.9% in the 3rd quarter. Syon Capital LLC now owns 5,498 shares of the scientific and technical instruments company’s stock valued at $449,000 after purchasing an additional 307 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new position in Trimble in the 3rd quarter valued at about $249,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Price Performance

Trimble stock opened at $68.23 on Friday. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The firm has a fifty day moving average of $72.76 and a 200-day moving average of $77.69. The firm has a market capitalization of $16.23 billion, a P/E ratio of 38.99, a PEG ratio of 2.24 and a beta of 1.59. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results 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. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The firm had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. During the same period in the prior year, the company earned $0.89 EPS. The firm’s revenue 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, analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Trimble announced that its Board of Directors has authorized a share repurchase plan on Friday, December 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares in the company, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of the business’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 value of $606,600.00. Following the transaction, the chief executive officer directly owned 34,397 shares in the company, valued at $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,250 shares of company stock valued at $1,398,038. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRMB. Zacks Research upgraded shares of Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 target price on shares of Trimble in a research note on Tuesday, February 10th. Piper Sandler reissued an “overweight” rating and set a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Wells Fargo & Company lowered their price objective on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $93.50.

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.