Forsta AP Fonden Sells 13,300 Shares of Trimble Inc. $TRMB

Forsta AP Fonden cut its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,000 shares of the scientific and technical instruments company’s stock after selling 13,300 shares during the quarter. Forsta AP Fonden owned approximately 0.06% of Trimble worth $11,361,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peapack Gladstone Financial Corp lifted its holdings in shares of Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after acquiring an additional 125 shares during the period. CI Investments Inc. lifted its holdings in shares of Trimble by 10.3% during the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after acquiring an additional 134 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of Trimble by 1.3% during 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 acquiring an additional 151 shares during the period. Fiduciary Trust Co lifted its holdings in shares of Trimble by 1.9% during 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 acquiring an additional 151 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Trimble by 11.1% during the third quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after acquiring an additional 155 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Stock Performance

Trimble stock opened at $56.41 on Monday. The stock has a 50-day simple moving average of $62.92 and a 200 day simple moving average of $70.27. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 12-month low of $52.80 and a 12-month high of $87.50. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.89 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (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 business had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. During the same period in the previous year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts anticipate that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TRMB shares. Oppenheimer cut 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. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Robert W. Baird cut their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Wells Fargo & Company cut 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.33.

Insider Transactions at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the transaction, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 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 completion of 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 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. Insiders sold 31,725 shares of company stock valued at $2,151,167 over the last ninety days. 0.59% of the stock is currently owned by company insiders.

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.