Saranac Partners Ltd Buys 11,509 Shares of Trimble Inc. $TRMB

Saranac Partners Ltd raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 60,199 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,509 shares during the period. Trimble accounts for about 1.8% of Saranac Partners Ltd’s investment portfolio, making the stock its 28th biggest holding. Saranac Partners Ltd’s holdings in Trimble were worth $4,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Trimble by 12,120.5% in the third quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company’s stock worth $224,028,000 after purchasing an additional 2,721,305 shares during the period. Ninety One UK Ltd bought a new stake in shares of Trimble during the 4th quarter valued at $67,741,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Trimble during the 3rd quarter valued at $56,747,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after buying an additional 675,134 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Trimble by 73.1% in 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 buying an additional 542,245 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Activity at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,725 shares of company stock valued at $2,151,167 in the last 90 days. 0.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of analyst reports. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer cut their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Piper Sandler decreased their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.00.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $54.56 on Wednesday. The company has a market cap of $12.72 billion, a P/E ratio of 28.72, a P/E/G ratio of 1.84 and a beta of 1.45. Trimble Inc. has a 52-week low of $54.22 and a 52-week high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. The firm’s fifty day moving average is $64.76 and its two-hundred day moving average is $71.59.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same quarter last year, the business posted $0.61 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, analysts anticipate that Trimble Inc. will post 2.99 EPS for the current fiscal year.

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.