Assenagon Asset Management S.A. Trims Position in Trimble Inc. $TRMB

Assenagon Asset Management S.A. lowered its position in shares of Trimble Inc. (NASDAQ:TRMB) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,324 shares of the scientific and technical instruments company’s stock after selling 98,876 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Trimble were worth $14,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Trimble in the 3rd quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in shares of Trimble during the third quarter worth $30,000. Hantz Financial Services Inc. grew its position in shares of Trimble by 90.8% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 177 shares during the period. Quarry LP increased its stake in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 232 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in Trimble by 78.7% in the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 181 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRMB shares. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Barclays upped their price objective on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Oppenheimer reiterated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Finally, KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target for the company in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $93.75.

Trimble Stock Down 0.6%

Shares of NASDAQ:TRMB opened at $65.45 on Friday. The stock has a 50-day simple moving average of $67.80 and a 200-day simple moving average of $75.75. The stock has a market capitalization of $15.31 billion, a P/E ratio of 37.40, a PEG ratio of 2.20 and a beta of 1.57. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09.

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, 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 firm had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. During the same period in the previous year, the company posted $0.89 earnings per share. Trimble’s revenue was down 1.4% compared to the same quarter last year. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its board has initiated a share repurchase plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the transaction, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This trade represents a 27.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.