Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 49,500 Shares of Trimble Inc. $TRMB

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 102.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,880 shares of the scientific and technical instruments company’s stock after acquiring an additional 49,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trimble were worth $6,385,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TRMB. Wellington Management Group LLP grew its stake in Trimble by 126.0% in the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after purchasing an additional 3,455,949 shares during the period. Norges Bank purchased a new stake in shares of Trimble during the 4th quarter valued at $213,133,000. Ninety One UK Ltd bought a new stake in shares of Trimble during the 4th quarter worth $67,741,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Trimble in the 3rd quarter worth about $56,747,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after buying an additional 675,134 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRMB. 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. Oppenheimer dropped their target price on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average price target of $87.33.

Insiders Place Their Bets

In related news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction on 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 sale, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 directly owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 own 0.59% of the company’s stock.

Trimble Price Performance

TRMB opened at $53.04 on Monday. The firm has a 50-day moving average price of $55.81 and a 200-day moving average price of $65.31. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $87.50. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.77 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last announced 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 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%. Trimble’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts expect that Trimble Inc. will post 2.99 EPS for the current year.

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.