King Luther Capital Management Corp Trims Position in Trimble Inc. $TRMB

King Luther Capital Management Corp decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,174,268 shares of the scientific and technical instruments company’s stock after selling 41,269 shares during the quarter. Trimble comprises approximately 1.4% of King Luther Capital Management Corp’s portfolio, making the stock its 15th biggest position. King Luther Capital Management Corp owned 1.75% of Trimble worth $340,829,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new position in shares of Trimble during the third quarter valued at about $289,254,000. Norges Bank bought a new stake in Trimble during the 2nd quarter valued at approximately $198,583,000. Generation Investment Management LLP boosted its position in 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. raised its position in shares of 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 acquiring an additional 542,245 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of 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 valued at $318,285,000 after purchasing an additional 525,214 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRMB has been the topic of several recent research reports. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research note on Monday, December 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Barclays lifted their target price on shares of Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. 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 report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $93.33.

Trimble Trading Up 2.0%

TRMB opened at $66.91 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The firm has a market cap of $15.92 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.19 and a beta of 1.59. The stock has a 50-day moving average of $74.37 and a 200 day moving average of $78.34.

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

Trimble announced that its Board of Directors has initiated a share buyback program 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 reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the transaction, the director directly owned 13,193 shares of the company’s stock, valued at $1,081,694.07. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the sale, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at $2,066,277.80. The trade was a 8.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,866 shares of company stock worth $1,448,543 in the last 90 days. Insiders own 0.54% of the company’s stock.

About Trimble

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.