Trimble Inc. $TRMB Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 39.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,824 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,429 shares during the period. NEOS Investment Management LLC’s holdings in Trimble were worth $2,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Salomon & Ludwin LLC purchased a new position in Trimble in the 3rd quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in shares of Trimble during the third quarter valued at approximately $30,000. Hantz Financial Services Inc. lifted its position in shares of Trimble by 90.8% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 177 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble in the second quarter worth approximately $34,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Trimble by 78.7% in the third quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRMB. 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 report on Monday, December 15th. Zacks Research upgraded shares of Trimble from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Barclays increased their price objective on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Piper Sandler restated an “overweight” rating and set a $97.00 target price on shares of Trimble in a report on Friday, November 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Trimble in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $93.50.

Trimble Stock Up 0.7%

Shares of NASDAQ TRMB opened at $67.39 on Friday. The company has a market capitalization of $16.03 billion, a P/E ratio of 38.51, a P/E/G ratio of 2.23 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. The company has a 50 day simple moving average of $74.06 and a 200-day simple moving average of $78.27. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data 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 return on equity of 11.18% and a net margin of 11.82%.The company had revenue of $969.80 million during the quarter, compared to analyst estimates of $949.97 million. During the same period in the prior year, the business posted $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. On average, equities research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its board has authorized a stock repurchase plan on Friday, December 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. This represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the transaction, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at $2,782,029.36. The trade was a 17.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 17,866 shares of company stock worth $1,448,543. Company insiders own 0.54% of the company’s stock.

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.