Amova Asset Management Americas Inc. Sells 135,530 Shares of Trimble Inc. $TRMB

Amova Asset Management Americas Inc. lessened its position in shares of Trimble Inc. (NASDAQ:TRMB) by 10.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,166,717 shares of the scientific and technical instruments company’s stock after selling 135,530 shares during the period. Amova Asset Management Americas Inc.’s holdings in Trimble were worth $95,262,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Trimble by 30.9% in the third 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 grew 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 during the period. Essex Investment Management Co. LLC grew its position in shares of Trimble by 168.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after buying an additional 28,676 shares during the period. Robeco Institutional Asset Management B.V. increased 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 valued at $19,375,000 after acquiring an additional 131,056 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Trimble by 8.0% during the 2nd 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 during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $69.92 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market cap of $16.36 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.57. The stock’s fifty day simple moving average is $71.79 and its two-hundred day simple moving average is $77.24. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, beating 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 company had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. During the same period last year, the firm earned $0.89 earnings per share. 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 forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble announced that its Board of Directors has approved a stock repurchase program on Friday, December 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Trimble in a research note on Tuesday, February 10th. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research note on Monday, December 15th. Piper Sandler reiterated an “overweight” rating and issued a $97.00 price target on shares of Trimble in a report on Friday, November 7th. Barclays boosted 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $93.50.

Insider Buying and Selling

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total value of $610,425.00. Following the sale, the chief executive officer directly owned 41,897 shares of the company’s stock, valued at approximately $3,409,996.83. This represents a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,250 shares of company stock worth $1,398,038 in the last 90 days. Company insiders own 0.54% of the company’s stock.

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.