ARK Investment Management LLC Increases Stake in Trimble Inc. $TRMB

ARK Investment Management LLC raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 918,438 shares of the scientific and technical instruments company’s stock after purchasing an additional 111,450 shares during the period. ARK Investment Management LLC’s holdings in Trimble were worth $74,990,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRMB. Peapack Gladstone Financial Corp grew its stake in Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after buying an additional 125 shares in the last quarter. MAI Capital Management grew its position in shares of Trimble by 4.7% in the second quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after purchasing an additional 126 shares in the last quarter. CI Investments Inc. raised its stake in shares of Trimble by 10.3% during the 3rd quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after purchasing an additional 134 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of 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 valued at $69,000 after purchasing an additional 141 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in 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 purchasing an additional 150 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total transaction of $606,600.00. Following the completion of the transaction, the chief executive officer owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 17,250 shares of company stock worth $1,398,038. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Piper Sandler reiterated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Oppenheimer restated an “outperform” rating and set a $86.00 price target on shares of Trimble in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. One 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. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and a consensus target price of $93.50.

Trimble Trading Up 1.1%

Shares of TRMB opened at $69.92 on Thursday. The firm has a fifty day simple moving average of $71.79 and a two-hundred day simple moving average of $77.24. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The stock has a market capitalization of $16.36 billion, a P/E ratio of 39.95, a PEG ratio of 2.31 and a beta of 1.57. 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 earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The company had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. During the same quarter in the prior year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its Board of Directors has initiated a share repurchase plan on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.