Handelsbanken Fonder AB Boosts Stock Position in Trimble Inc. $TRMB

Handelsbanken Fonder AB grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 62.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,705 shares of the scientific and technical instruments company’s stock after buying an additional 34,094 shares during the quarter. Handelsbanken Fonder AB’s holdings in Trimble were worth $6,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Trimble by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock valued at $2,395,181,000 after buying an additional 304,461 shares in the last quarter. State Street Corp increased its position in shares of Trimble by 0.4% during the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after purchasing an additional 43,285 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Trimble by 19.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after purchasing an additional 675,134 shares in the last quarter. Invesco Ltd. increased its position in shares of Trimble by 1.7% during the third quarter. Invesco Ltd. now owns 4,156,972 shares of the scientific and technical instruments company’s stock worth $339,417,000 after purchasing an additional 67,671 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Trimble by 12,120.5% during 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 in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRMB has been the subject of several research reports. Barclays boosted their price target on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Wells Fargo & Company dropped their price target on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Piper Sandler dropped their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Trimble Stock Performance

NASDAQ TRMB opened at $56.34 on Friday. The stock’s fifty day moving average is $63.98 and its two-hundred day moving average is $71.15. The firm has a market capitalization of $13.13 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. Trimble Inc. has a fifty-two week low of $52.80 and a fifty-two week high of $87.50.

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

Insiders Place Their Bets

In other Trimble news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction 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 transaction, the vice president owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 31,725 shares of company stock worth $2,151,167 in the last three months. 0.59% of the stock is currently owned by corporate insiders.

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.