TD Private Client Wealth LLC Increases Stake in Trimble Inc. $TRMB

TD Private Client Wealth LLC boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 283.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,784 shares of the scientific and technical instruments company’s stock after acquiring an additional 16,096 shares during the period. TD Private Client Wealth LLC’s holdings in Trimble were worth $1,779,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRMB. Salomon & Ludwin LLC acquired a new stake in Trimble during the 3rd quarter worth $25,000. Global Retirement Partners LLC raised its stake in Trimble by 78.7% during the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 181 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the 2nd quarter valued at approximately $34,000. Geneos Wealth Management Inc. lifted its holdings in shares of Trimble by 55.4% during the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 169 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Trimble during the third quarter worth about $39,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Calvin Dalton sold 616 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the sale, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total value of $610,425.00. Following the transaction, the chief executive officer owned 41,897 shares in the company, valued at approximately $3,409,996.83. This trade represents a 15.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,584 shares of company stock valued at $1,577,351 in the last 90 days. Insiders own 0.54% of the company’s stock.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $79.76 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The firm’s 50-day moving average price is $79.93 and its two-hundred day moving average price is $80.53. The stock has a market capitalization of $18.98 billion, a P/E ratio of 54.63, a P/E/G ratio of 2.80 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $901.20 million during the quarter, compared to analyst estimates of $870.30 million. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its board has authorized a stock buyback plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Wells Fargo & Company started coverage on Trimble in a report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price target for the company. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Oppenheimer restated an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a report on Thursday, November 6th. Finally, KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target for the company in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

Trimble 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.