Segall Bryant & Hamill LLC Cuts Stock Position in Trimble Inc. $TRMB

Segall Bryant & Hamill LLC trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 4.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 255,362 shares of the scientific and technical instruments company’s stock after selling 11,945 shares during the period. Segall Bryant & Hamill LLC’s holdings in Trimble were worth $20,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Trimble in the third quarter valued at about $289,254,000. Norges Bank acquired a new stake in Trimble in the second quarter valued at about $198,583,000. Generation Investment Management LLP boosted its holdings in Trimble by 19.1% in the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after purchasing an additional 1,449,315 shares in the last quarter. Raymond James Financial Inc. increased its position in Trimble by 73.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after purchasing an additional 542,245 shares during the period. Finally, Boston Partners lifted its holdings in shares of Trimble by 14.4% in the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after buying an additional 525,214 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $69.16 on Wednesday. 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 capitalization of $16.18 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 2.28 and a beta of 1.57. The firm has a 50-day moving average price of $71.99 and a two-hundred day moving average price of $77.29. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. During the same period in the prior year, the business 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, research analysts expect 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 stock repurchase plan on Friday, December 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRMB shares. Barclays upped their price objective on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Oppenheimer reissued an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. Wells Fargo & Company dropped their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $93.50.

Insider Buying and Selling at Trimble

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the transaction, the chief financial officer owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total value of $610,425.00. Following the completion of the sale, the chief executive officer owned 41,897 shares in the company, valued at $3,409,996.83. This represents a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,250 shares of company stock valued at $1,398,038 in the last three months. 0.54% of the stock is currently owned by company insiders.

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.