JPMorgan Chase & Co. Has $147.80 Million Stake in Trimble Inc. $TRMB

JPMorgan Chase & Co. lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,810,174 shares of the scientific and technical instruments company’s stock after selling 126,265 shares during the period. JPMorgan Chase & Co.’s holdings in Trimble were worth $147,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D grew its holdings in shares of Trimble by 2.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 80,563 shares of the scientific and technical instruments company’s stock valued at $6,578,000 after acquiring an additional 2,009 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Trimble by 8.8% during the third quarter. PNC Financial Services Group Inc. now owns 37,635 shares of the scientific and technical instruments company’s stock worth $3,073,000 after acquiring an additional 3,032 shares in the last quarter. HighTower Advisors LLC boosted its position in Trimble by 5.4% during the third quarter. HighTower Advisors LLC now owns 41,993 shares of the scientific and technical instruments company’s stock valued at $3,429,000 after purchasing an additional 2,149 shares during the last quarter. Aberdeen Group plc grew its holdings in Trimble by 12.7% during the third quarter. Aberdeen Group plc now owns 301,129 shares of the scientific and technical instruments company’s stock worth $24,587,000 after purchasing an additional 33,939 shares during the period. Finally, Assetmark Inc. increased its position in Trimble by 10.6% during the third quarter. Assetmark Inc. now owns 8,280 shares of the scientific and technical instruments company’s stock worth $676,000 after buying an additional 791 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Trimble stock opened at $67.62 on Friday. The firm has a market cap of $16.09 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.26 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. The stock’s fifty day moving average price is $73.80 and its two-hundred day moving average price is $78.12. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last released its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (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 company had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. During the same period in the prior year, the firm posted $0.89 EPS. Trimble’s quarterly 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, research analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

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

Insider Buying and Selling at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of Trimble 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 directly owned 41,897 shares of the company’s stock, valued at $3,409,996.83. This trade represents a 15.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,866 shares of company stock valued at $1,448,543 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on TRMB shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Barclays increased their price target on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research report on Monday, December 15th. Zacks Research upgraded shares of 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 set a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $93.50.

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.