Trimble Inc. $TRMB Shares Sold by Allworth Financial LP

Allworth Financial LP cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 86.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,501 shares of the scientific and technical instruments company’s stock after selling 9,390 shares during the period. Allworth Financial LP’s holdings in Trimble were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in shares of Trimble in the third quarter valued at $25,000. Root Financial Partners LLC bought a new stake in shares of Trimble in the 3rd quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its holdings in Trimble by 90.8% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 177 shares in the last quarter. Quarry LP increased its holdings in shares of 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 buying an additional 232 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Trimble by 78.7% in the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $62.97 on Friday. The firm has a market capitalization of $14.73 billion, a PE ratio of 35.98, a PEG ratio of 2.10 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 current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $67.58 and its 200 day simple moving average is $75.59.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $949.97 million. During the same period last year, the business posted $0.89 earnings per share. The firm’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. On average, sell-side analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TRMB shares. Wells Fargo & Company decreased their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Barclays lifted their price target on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Finally, KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Trimble currently has an average rating of “Buy” and an average price target of $93.75.

Insider Transactions at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total transaction of $528,375.00. Following the completion of the transaction, the chief executive officer directly owned 19,397 shares in the company, valued at $1,366,518.65. This represents a 27.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

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.