Strs Ohio Sells 233,838 Shares of Trimble Inc. $TRMB

Strs Ohio cut its position in Trimble Inc. (NASDAQ:TRMB) by 51.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,697 shares of the scientific and technical instruments company’s stock after selling 233,838 shares during the quarter. Strs Ohio owned 0.09% of Trimble worth $18,347,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TRMB. Massachusetts Financial Services Co. MA bought a new position in shares of Trimble in the third quarter worth about $289,254,000. Norges Bank bought a new position in shares of Trimble in the 2nd quarter valued at $198,583,000. Generation Investment Management LLP boosted its holdings in shares of Trimble by 19.1% during the 2nd 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 acquiring an additional 1,449,315 shares in the last quarter. Raymond James Financial Inc. grew its position in Trimble by 73.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after acquiring an additional 542,245 shares during the last quarter. Finally, Boston Partners increased its holdings in Trimble by 14.4% in the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after purchasing an additional 525,214 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TRMB shares. Oppenheimer restated an “outperform” rating and set a $102.00 price target on shares of Trimble in a report on Thursday, November 6th. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company began coverage on Trimble in a research report on Thursday, November 13th. They set an “overweight” rating and a $94.00 target price for the company. One investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.78.

Insider Activity at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were 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 of the company’s stock, valued at $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 27,084 shares of company stock worth $2,183,951. 0.54% of the stock is owned by insiders.

Trimble Stock Performance

Shares of TRMB opened at $71.19 on Friday. The stock has a market capitalization of $16.94 billion, a P/E ratio of 48.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $79.03 and its two-hundred day simple moving average is $80.27. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The business had revenue of $901.20 million during the quarter, compared to analysts’ expectations of $870.30 million. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. 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, analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

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

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.