Jupiter Asset Management Ltd. Sells 23,660 Shares of Trimble Inc. $TRMB

Jupiter Asset Management Ltd. reduced its stake in Trimble Inc. (NASDAQ:TRMB) by 6.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 329,177 shares of the scientific and technical instruments company’s stock after selling 23,660 shares during the period. Jupiter Asset Management Ltd.’s holdings in Trimble were worth $26,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its position in Trimble by 30.9% in the 3rd quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock valued at $7,843,000 after acquiring an additional 22,650 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Trimble by 31.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock worth $11,944,000 after purchasing an additional 35,015 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Trimble by 168.8% during the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock valued at $3,729,000 after purchasing an additional 28,676 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Trimble by 123.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock valued at $19,375,000 after buying an additional 131,056 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Trimble by 8.0% in the 2nd quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock worth $56,529,000 after buying an additional 55,300 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Up 0.3%

TRMB opened at $67.62 on Friday. The firm’s 50 day simple moving average is $73.80 and its two-hundred day simple moving average is $78.15. The company has a market capitalization of $16.09 billion, a PE ratio of 38.64, a PEG ratio of 2.25 and a beta of 1.59. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS 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 analyst estimates of $949.97 million. During the same period in the prior year, the business posted $0.89 EPS. Trimble’s 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 analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Trimble announced that its Board of Directors has approved a stock buyback 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 repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the transaction, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,866 shares of company stock worth $1,448,543 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped 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. 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. Wells Fargo & Company cut their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Trimble currently has an average rating of “Buy” and an average price target of $93.50.

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.