JANA Partners Management LP Sells 1,727,498 Shares of Trimble Inc. $TRMB

JANA Partners Management LP lowered its position in Trimble Inc. (NASDAQ:TRMB) by 47.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,881,399 shares of the scientific and technical instruments company’s stock after selling 1,727,498 shares during the period. Trimble comprises approximately 7.4% of JANA Partners Management LP’s investment portfolio, making the stock its 6th biggest position. JANA Partners Management LP owned approximately 0.79% of Trimble worth $153,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TRMB. Gotham Asset Management LLC increased its position in shares of Trimble by 10.3% in the third quarter. Gotham Asset Management LLC now owns 257,116 shares of the scientific and technical instruments company’s stock valued at $20,994,000 after buying an additional 24,042 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Trimble by 226.5% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 43,376 shares of the scientific and technical instruments company’s stock worth $3,529,000 after acquiring an additional 30,092 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Trimble by 5.3% during the third quarter. California Public Employees Retirement System now owns 470,448 shares of the scientific and technical instruments company’s stock valued at $38,412,000 after purchasing an additional 23,542 shares in the last quarter. Chilton Investment Co. Inc. grew its position in shares of Trimble by 7.4% in the third quarter. Chilton Investment Co. Inc. now owns 5,694 shares of the scientific and technical instruments company’s stock valued at $465,000 after purchasing an additional 391 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Trimble by 2.3% during the third quarter. Bank of America Corp DE now owns 1,453,768 shares of the scientific and technical instruments company’s stock valued at $118,700,000 after acquiring an additional 32,295 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRMB. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Oppenheimer restated an “outperform” rating and set a $86.00 price target on shares of Trimble in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Barclays boosted their target price on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Finally, KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus price target of $93.75.

Insider Transactions at Trimble

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the sale, the chief financial officer owned 25,684 shares of the company’s stock, valued at $2,066,277.80. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the transaction, the chief executive officer owned 19,397 shares of the company’s stock, valued at approximately $1,366,518.65. This represents a 27.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,250 shares of company stock valued at $1,315,988. Company insiders own 0.54% of the company’s stock.

Trimble Trading Up 0.5%

TRMB opened at $66.46 on Monday. The stock has a market capitalization of $15.55 billion, a PE ratio of 37.98, a P/E/G ratio of 2.22 and a beta of 1.57. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. The business’s 50 day moving average price is $70.31 and its 200 day moving average price is $76.58.

Trimble (NASDAQ:TRMB) last posted its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $969.80 million for 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 for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities research analysts expect 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 allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors 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.