BNP Paribas Financial Markets Acquires 70,613 Shares of Trimble Inc. $TRMB

BNP Paribas Financial Markets lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 22.4% during the fourth quarter, HoldingsChannel reports. The firm owned 385,717 shares of the scientific and technical instruments company’s stock after purchasing an additional 70,613 shares during the quarter. BNP Paribas Financial Markets’ holdings in Trimble were worth $30,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TRMB. Rothschild Investment LLC increased its holdings in Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 213 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in Trimble in the 4th quarter worth about $27,000. Quarry LP increased its holdings in Trimble by 175.8% in the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 232 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Trimble by 90.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 177 shares during the last quarter. Finally, BOKF NA increased its holdings in Trimble by 103.8% in the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 217 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TRMB. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Oppenheimer decreased their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Barclays decreased their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wells Fargo & Company decreased their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Trimble currently has a consensus rating of “Moderate Buy” and an average price target of $87.33.

Trimble Stock Up 0.3%

Shares of NASDAQ TRMB opened at $55.70 on Friday. Trimble Inc. has a 52 week low of $52.80 and a 52 week high of $87.50. The business has a 50-day simple moving average of $62.17 and a two-hundred day simple moving average of $69.64. 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 cap of $12.98 billion, a P/E ratio of 29.32, a P/E/G ratio of 1.86 and a beta of 1.38.

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

Insider Transactions at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the sale, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, April 14th. The shares were 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 of the company’s stock, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 31,725 shares of company stock valued at $2,151,167. Corporate insiders own 0.59% 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.