Pinnacle Associates Ltd. Sells 15,155 Shares of Trimble Inc. $TRMB

Pinnacle Associates Ltd. reduced its stake in Trimble Inc. (NASDAQ:TRMB) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,173 shares of the scientific and technical instruments company’s stock after selling 15,155 shares during the period. Pinnacle Associates Ltd.’s holdings in Trimble were worth $21,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TRMB. Massachusetts Financial Services Co. MA bought a new position in shares of Trimble in the 3rd quarter worth $289,254,000. Wellington Management Group LLP boosted its position in shares of Trimble by 12,120.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company’s stock worth $224,028,000 after purchasing an additional 2,721,305 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of Trimble in the 4th quarter worth $67,741,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Trimble in the 3rd quarter worth $56,747,000. Finally, Raymond James Financial Inc. boosted its position in shares of Trimble by 73.1% in 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 last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

TRMB stock opened at $54.90 on Thursday. The business’s 50-day moving average price is $65.94 and its two-hundred day moving average price is $72.31. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The firm has a market cap of $12.80 billion, a PE ratio of 28.89, a P/E/G ratio of 1.88 and a beta of 1.45. Trimble Inc. has a 1-year low of $54.60 and a 1-year high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, research analysts forecast that Trimble Inc. will post 3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on TRMB shares. Wells Fargo & Company reduced their price target on Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Robert W. Baird reduced their price target on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Piper Sandler reduced their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Insider Activity

In other Trimble news, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the sale, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This trade represents a 45.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Trimble stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the sale, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. This represents a 38.67% decrease in their position. The SEC filing for this sale provides additional information. 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 sold a total of 31,725 shares of company stock worth $2,151,167 in the last three months. Company insiders own 0.59% 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.