Trimble (NASDAQ:TRMB) CEO Robert Painter Sells 7,500 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) CEO Robert Painter sold 7,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total value of $528,375.00. Following the transaction, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at approximately $1,366,518.65. This trade represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Trimble Stock Performance

NASDAQ:TRMB traded down $0.29 on Friday, reaching $65.87. 352,864 shares of the company’s stock were exchanged, compared to its average volume of 2,119,613. The stock has a fifty day simple moving average of $70.54 and a 200-day simple moving average of $76.75. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. 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 firm has a market cap of $15.41 billion, a price-to-earnings ratio of 37.66, a P/E/G ratio of 2.25 and a beta of 1.57.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $949.97 million. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter 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, sell-side analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its board has authorized a share buyback program 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 programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on TRMB shares. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Wells Fargo & Company cut their price objective on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Barclays raised their target price on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Oppenheimer reissued an “outperform” rating and issued a $86.00 price target on shares of Trimble in a research note on Tuesday, February 10th. Finally, KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Trimble currently has an average rating of “Buy” and a consensus price target of $93.75.

Institutional Investors Weigh In On Trimble

A number of hedge funds have recently made changes to their positions in the business. Peapack Gladstone Financial Corp grew its position in Trimble by 2.6% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after acquiring an additional 125 shares during the last quarter. MAI Capital Management boosted its position in Trimble by 4.7% during the 2nd quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after buying an additional 126 shares during the period. CI Investments Inc. grew its holdings in Trimble by 10.3% in the 3rd quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock worth $117,000 after acquiring an additional 134 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Trimble by 18.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 141 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Trimble by 2.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock valued at $518,000 after acquiring an additional 150 shares during the period. 93.21% of the stock is currently owned by institutional investors.

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.