Rockefeller Capital Management L.P. Reduces Stock Holdings in Trimble Inc. $TRMB

Rockefeller Capital Management L.P. trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,546 shares of the scientific and technical instruments company’s stock after selling 17,485 shares during the period. Rockefeller Capital Management L.P. owned 0.06% of Trimble worth $11,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TRMB. Barclays PLC increased its stake in shares of Trimble by 17.5% in the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock worth $68,555,000 after purchasing an additional 124,772 shares in the last quarter. ARK Investment Management LLC lifted its stake in shares of Trimble by 13.8% during the 3rd 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 buying an additional 111,450 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Trimble by 2.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock worth $126,619,000 after buying an additional 42,929 shares during the period. Fieldview Capital Management LLC bought a new position in Trimble in the 3rd quarter worth approximately $3,969,000. Finally, Intech Investment Management LLC grew its stake in Trimble by 443.0% in the 3rd quarter. Intech Investment Management LLC now owns 39,928 shares of the scientific and technical instruments company’s stock valued at $3,260,000 after buying an additional 32,575 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trimble

In related news, VP Mark David Schwartz sold 16,725 shares of the business’s 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 transaction, the vice president directly owned 19,668 shares in the company, valued at $1,317,952.68. The trade was a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 owned 11,897 shares in the company, valued at $796,385.18. This 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. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRMB. Barclays lowered their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Piper Sandler reduced their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Robert W. Baird decreased their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Wells Fargo & Company dropped their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Trimble Stock Performance

NASDAQ TRMB opened at $50.13 on Thursday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The stock has a market capitalization of $11.69 billion, a PE ratio of 26.39, a P/E/G ratio of 1.64 and a beta of 1.38. The company’s 50 day simple moving average is $58.14 and its two-hundred day simple moving average is $66.80.

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

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.