Rakuten Investment Management Inc. Acquires Shares of 43,726 Trimble Inc. $TRMB

Rakuten Investment Management Inc. acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 43,726 shares of the scientific and technical instruments company’s stock, valued at approximately $3,570,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in Trimble by 2.6% during the 2nd quarter. State Street Corp now owns 10,908,124 shares of the scientific and technical instruments company’s stock valued at $828,799,000 after purchasing an additional 273,320 shares during the last quarter. Generation Investment Management LLP lifted its holdings in shares of Trimble by 19.1% in the second quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after purchasing an additional 1,449,315 shares in the last quarter. Boston Partners boosted its position in shares of Trimble by 14.4% during the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after buying an additional 525,214 shares during the last quarter. Invesco Ltd. grew its holdings in Trimble by 6.5% during the second quarter. Invesco Ltd. now owns 4,089,301 shares of the scientific and technical instruments company’s stock worth $310,705,000 after buying an additional 248,751 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Trimble in the 3rd quarter valued at $289,254,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the sale, the director directly owned 15,170 shares of the company’s stock, valued at $1,228,770. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, 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 sold a total of 27,084 shares of company stock valued at $2,183,951 in the last three months. 0.54% of the stock is currently owned by company insiders.

Trimble Stock Performance

NASDAQ TRMB opened at $71.48 on Friday. The company has a market capitalization of $17.01 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a 50-day simple moving average of $79.16 and a 200 day simple moving average of $80.32.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The firm had revenue of $901.20 million during the quarter, compared to the consensus estimate of $870.30 million. During the same period in the prior year, the firm earned $0.83 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. On average, research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its board has authorized a stock repurchase program on Friday, December 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TRMB shares. Barclays raised their price objective on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday. Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Wells Fargo & Company assumed coverage on shares of Trimble in a research report on Thursday, November 13th. They set an “overweight” rating and a $94.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.78.

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.