Amova Asset Management Americas Inc. Sells 152,784 Shares of Trimble Inc. $TRMB

Amova Asset Management Americas Inc. cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,013,933 shares of the scientific and technical instruments company’s stock after selling 152,784 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Trimble were worth $79,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TRMB. Essex Investment Management Co. LLC raised its position in shares of Trimble by 168.8% during the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after acquiring an additional 28,676 shares during the last quarter. Barclays PLC increased its holdings in shares of Trimble by 17.5% during the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock valued at $68,555,000 after acquiring an additional 124,772 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Trimble by 73.3% during the third quarter. Envestnet Asset Management Inc. now owns 481,877 shares of the scientific and technical instruments company’s stock valued at $39,345,000 after acquiring an additional 203,804 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of Trimble by 13.8% during the third quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock valued at $74,990,000 after acquiring an additional 111,450 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its holdings in shares of Trimble by 2.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock valued at $126,619,000 after acquiring an additional 42,929 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of TRMB opened at $52.95 on Wednesday. The stock’s 50-day simple moving average is $61.50 and its 200 day simple moving average is $69.17. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. Trimble Inc. has a 52-week low of $51.92 and a 52-week high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. 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 forecast that Trimble Inc. will post 2.99 EPS for the current fiscal year.

Insider Activity

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s 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 sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. This trade represents a 38.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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, 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 owned 19,668 shares in the company, valued at $1,317,952.68. This trade represents a 45.96% 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. Company insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of several analyst reports. Robert W. Baird cut 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. Barclays cut their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Oppenheimer cut their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Piper Sandler cut their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.33.

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.