QRG Capital Management Inc. Trims Holdings in Trimble Inc. $TRMB

QRG Capital Management Inc. decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 55.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,362 shares of the scientific and technical instruments company’s stock after selling 15,186 shares during the quarter. QRG Capital Management Inc.’s holdings in Trimble were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Trimble by 126.0% in the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after buying an additional 3,455,949 shares during the last quarter. Norges Bank acquired a new position in shares of Trimble in the 4th quarter worth approximately $213,133,000. Ninety One UK Ltd purchased a new position in shares of Trimble during the 4th quarter worth approximately $67,741,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Trimble during the 3rd quarter worth approximately $56,747,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after purchasing an additional 675,134 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 2.5%

Shares of NASDAQ TRMB opened at $52.40 on Thursday. The business has a 50-day moving average of $54.95 and a two-hundred day moving average of $64.75. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.38. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue 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. On average, analysts forecast that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of the business’s 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 completion of the sale, the vice president directly owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer owned 11,897 shares in the company, valued at $796,385.18. This represents a 38.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TRMB shares. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Wells Fargo & Company lowered their target price on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Piper Sandler cut their price target on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Barclays dropped their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and an average price target of $87.33.

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.