Trimble (NASDAQ:TRMB) CEO Sells $528,375.00 in Stock

Trimble Inc. (NASDAQ:TRMB) CEO Robert Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total value of $528,375.00. Following the completion of the sale, the chief executive officer directly owned 19,397 shares in the company, valued at approximately $1,366,518.65. This represents a 27.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Trimble Stock Down 2.1%

NASDAQ:TRMB traded down $1.44 during trading hours on Thursday, reaching $66.16. 2,169,995 shares of the stock were exchanged, compared to its average volume of 2,157,170. The stock has a market cap of $15.48 billion, a PE ratio of 37.81, a PEG ratio of 2.30 and a beta of 1.57. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The firm has a 50 day moving average of $70.79 and a 200 day moving average of $76.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company had revenue of $969.80 million for the quarter, compared to the consensus estimate of $949.97 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its Board of Directors has initiated a stock repurchase plan on Friday, December 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TRMB shares. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 target price on shares of Trimble in a research report on Tuesday, February 10th. Wells Fargo & Company dropped their price objective on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Finally, KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus target price of $93.75.

Hedge Funds Weigh In On Trimble

Several large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in Trimble during the third quarter worth approximately $25,000. Rothschild Investment LLC grew its position in shares of Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares during the last quarter. DV Equities LLC bought a new position in shares of Trimble during the fourth quarter worth approximately $26,000. Toth Financial Advisory Corp acquired a new stake in Trimble during the 4th quarter worth approximately $27,000. Finally, Bank of Jackson Hole Trust acquired a new position in Trimble in the 4th quarter valued at $27,000. 93.21% of the stock is owned by institutional investors.

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.