Trimble Inc. $TRMB Stake Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 30.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,882 shares of the scientific and technical instruments company’s stock after purchasing an additional 24,279 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Trimble were worth $8,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Trimble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 30,265,817 shares of the scientific and technical instruments company’s stock worth $2,471,204,000 after buying an additional 192,288 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Trimble by 6.6% in the third quarter. Fifth Third Bancorp now owns 13,242 shares of the scientific and technical instruments company’s stock worth $1,081,000 after acquiring an additional 822 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Trimble by 2.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 80,563 shares of the scientific and technical instruments company’s stock valued at $6,578,000 after acquiring an additional 2,009 shares during the period. PNC Financial Services Group Inc. boosted its stake in Trimble by 8.8% in the third quarter. PNC Financial Services Group Inc. now owns 37,635 shares of the scientific and technical instruments company’s stock valued at $3,073,000 after acquiring an additional 3,032 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Trimble by 5.4% during the third quarter. HighTower Advisors LLC now owns 41,993 shares of the scientific and technical instruments company’s stock valued at $3,429,000 after purchasing an additional 2,149 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $66.91 on Thursday. The stock has a market cap of $15.92 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.19 and a beta of 1.59. The firm’s 50-day simple moving average is $74.37 and its 200 day simple moving average is $78.34. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last released its 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. The firm had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. Trimble’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its Board of Directors has initiated a stock buyback program on Friday, December 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the completion of the sale, the director directly owned 13,193 shares in the company, valued at $1,081,694.07. This represents a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,866 shares of company stock valued at $1,448,543 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a report on Friday, November 7th. Barclays boosted their target price on shares of Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company dropped their price target on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Trimble has a consensus rating of “Buy” and a consensus price target of $93.33.

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.