Kovack Advisors Inc. Makes New $937,000 Investment in Trimble Inc. $TRMB

Kovack Advisors Inc. purchased a new stake in Trimble Inc. (NASDAQ:TRMB) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 11,474 shares of the scientific and technical instruments company’s stock, valued at approximately $937,000.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC purchased a new position in Trimble during the fourth quarter worth about $211,000. Empowered Funds LLC grew its holdings in Trimble by 9.5% in the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after buying an additional 607 shares during the period. Woodline Partners LP increased its stake in shares of Trimble by 41.6% during the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after acquiring an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Trimble during the 2nd quarter worth about $208,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Trimble by 17.8% in the second quarter. Chicago Partners Investment Group LLC now owns 4,849 shares of the scientific and technical instruments company’s stock worth $405,000 after acquiring an additional 734 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the 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 completion of the sale, the chief executive officer 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction 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 transaction, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,866 shares of company stock worth $1,448,543 in the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRMB. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a research report on Monday, December 15th. Barclays boosted their price target on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Piper Sandler restated an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus target price of $93.50.

Trimble Trading Up 0.3%

NASDAQ:TRMB opened at $67.62 on Friday. The business’s 50-day moving average is $73.80 and its two-hundred day moving average is $78.15. The firm has a market capitalization of $16.09 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. 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 issued its 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. The company had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its Board of Directors has initiated a share buyback program on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.