Exchange Traded Concepts LLC Has $15.31 Million Holdings in Trimble Inc. $TRMB

Exchange Traded Concepts LLC grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 195,408 shares of the scientific and technical instruments company’s stock after buying an additional 21,869 shares during the period. Exchange Traded Concepts LLC’s holdings in Trimble were worth $15,310,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Peapack Gladstone Financial Corp grew its position in Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after purchasing an additional 125 shares during the period. CI Investments Inc. increased its stake in Trimble by 10.3% during the 3rd quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after purchasing an additional 134 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Trimble by 2.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock worth $518,000 after buying an additional 150 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Trimble by 1.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock valued at $936,000 after buying an additional 151 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in shares of Trimble by 1.9% in the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock valued at $675,000 after buying an additional 151 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

Shares of TRMB stock opened at $62.97 on Friday. The firm has a 50-day moving average of $67.58 and a 200-day moving average of $75.59. The company has a market cap of $14.73 billion, a P/E ratio of 35.98, a P/E/G ratio of 2.10 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business 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 earned $0.89 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble announced that its Board of Directors has approved a share buyback program on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction that occurred on 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 owned 19,397 shares in the company, valued at $1,366,518.65. The trade was a 27.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price for the company in a research report on Monday, December 15th. Wells Fargo & Company dropped their price target on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Barclays lifted their price target on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. 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. Based on data from MarketBeat, Trimble has a consensus rating of “Buy” and a consensus price target of $93.75.

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.