Primecap Management Co. CA Sells 142,940 Shares of Trimble Inc. $TRMB

Primecap Management Co. CA trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,089,601 shares of the scientific and technical instruments company’s stock after selling 142,940 shares during the period. Primecap Management Co. CA owned about 1.72% of Trimble worth $333,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC bought a new position in Trimble during the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in shares of Trimble during the 3rd quarter worth about $30,000. Hantz Financial Services Inc. raised its holdings in Trimble by 90.8% in the 3rd 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 during the period. Global Retirement Partners LLC lifted its position in Trimble by 78.7% during 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. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Trimble by 55.4% during the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $67.14 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a market cap of $15.97 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. The company has a 50 day moving average of $73.00 and a 200-day moving average of $77.76. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50.

Trimble (NASDAQ:TRMB) last released its earnings results 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 firm had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. During the same period in the prior year, the company earned $0.89 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. As a group, equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its Board of Directors has initiated a share repurchase program 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 reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Zacks Research upgraded shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Trimble has a consensus rating of “Buy” and an average price target of $93.50.

Insider Buying and Selling at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares in the company, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $81.39, for a total transaction of $610,425.00. Following the transaction, the chief executive officer owned 41,897 shares of the company’s stock, valued at approximately $3,409,996.83. This represents a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,866 shares of company stock worth $1,448,543 over the last 90 days. Insiders own 0.54% of the company’s stock.

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.