Trimble Inc. $TRMB Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,309,075 shares of the scientific and technical instruments company’s stock after purchasing an additional 55,073 shares during the quarter. Geode Capital Management LLC’s holdings in Trimble were worth $492,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in Trimble during the fourth quarter worth $27,000. Quarry LP boosted its stake in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 232 shares during the last quarter. Hantz Financial Services Inc. boosted its stake 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 during the last quarter. BOKF NA boosted its stake in Trimble by 103.8% during the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 217 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Trimble during the fourth quarter worth $37,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

NASDAQ:TRMB opened at $56.41 on Monday. Trimble Inc. has a 52 week low of $52.80 and a 52 week high of $87.50. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $13.15 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.89 and a beta of 1.38. The stock’s fifty day moving average is $62.92 and its two-hundred day moving average is $70.27.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The company had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Equities analysts expect that Trimble Inc. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on TRMB. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wells Fargo & Company lowered their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Piper Sandler lowered their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Robert W. Baird reduced their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the sale, the chief executive officer owned 11,897 shares in the company, valued at $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the sale, the vice president owned 19,668 shares in the company, valued at $1,317,952.68. This represents a 45.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 31,725 shares of company stock worth $2,151,167 in the last 90 days. Company insiders own 0.59% 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.