Trimble Inc. $TRMB Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 9.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,378,513 shares of the scientific and technical instruments company’s stock after selling 139,521 shares during the quarter. Bank of New York Mellon Corp’s holdings in Trimble were worth $108,006,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TRMB. Goldman Sachs Group Inc. lifted its stake in shares of Trimble by 5.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 909,560 shares of the scientific and technical instruments company’s stock valued at $71,264,000 after purchasing an additional 45,640 shares during the last quarter. Bridges Investment Management Inc. lifted its position in shares of Trimble by 38.2% in the fourth quarter. Bridges Investment Management Inc. now owns 3,681 shares of the scientific and technical instruments company’s stock worth $288,000 after buying an additional 1,018 shares during the last quarter. Dynasty Wealth Management LLC lifted its position in shares of Trimble by 12.4% in the fourth quarter. Dynasty Wealth Management LLC now owns 9,420 shares of the scientific and technical instruments company’s stock worth $738,000 after buying an additional 1,036 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Trimble during the 4th quarter worth about $555,000. Finally, New Mexico Educational Retirement Board increased its holdings in shares of Trimble by 1.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,000 shares of the scientific and technical instruments company’s stock valued at $862,000 after acquiring an additional 200 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Oppenheimer reduced their price objective on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company decreased their price objective on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Piper Sandler lowered their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.33.

Trimble Price Performance

Shares of TRMB stock opened at $54.19 on Monday. Trimble Inc. has a 1 year low of $52.80 and a 1 year high of $87.50. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $61.94 and its 200-day moving average is $69.49.

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

Insiders Place Their Bets

In other news, VP Mark David Schwartz sold 16,725 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. 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. In the last three months, insiders sold 31,725 shares of company stock worth $2,151,167. 0.59% of the stock is currently owned by insiders.

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.