SG Americas Securities LLC Acquires 22,650 Shares of Trimble Inc. $TRMB

SG Americas Securities LLC raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 30.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,052 shares of the scientific and technical instruments company’s stock after purchasing an additional 22,650 shares during the quarter. SG Americas Securities LLC’s holdings in Trimble were worth $7,843,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Trimble by 2.6% in the second quarter. State Street Corp now owns 10,908,124 shares of the scientific and technical instruments company’s stock valued at $828,799,000 after buying an additional 273,320 shares in the last quarter. Generation Investment Management LLP raised its stake in Trimble by 19.1% during the second quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock worth $685,314,000 after acquiring an additional 1,449,315 shares in the last quarter. Boston Partners lifted its holdings in shares of Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after acquiring an additional 525,214 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Trimble by 6.5% in the 2nd quarter. Invesco Ltd. now owns 4,089,301 shares of the scientific and technical instruments company’s stock valued at $310,705,000 after purchasing an additional 248,751 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Trimble in the 2nd quarter valued at approximately $198,583,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $80.61 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The firm has a market cap of $19.18 billion, a PE ratio of 55.21, a price-to-earnings-growth ratio of 2.77 and a beta of 1.59. The firm’s fifty day moving average is $79.89 and its 200-day moving average is $80.37.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. The business had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%.Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Sell-side analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its Board of Directors has approved a share buyback plan on Friday, December 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRMB. Oppenheimer reiterated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research report on Thursday, November 6th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a research note on Monday, December 15th. Wells Fargo & Company assumed coverage on Trimble in a research note on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and set a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus price target of $96.67.

Insider Buying and Selling

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the transaction, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total transaction of $610,425.00. Following the completion of the sale, the chief executive officer directly owned 41,897 shares in the company, valued at approximately $3,409,996.83. This represents a 15.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,084 shares of company stock valued at $2,144,726 over the last three months. 0.54% of the stock is owned by insiders.

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.