Trillium Asset Management LLC reduced its position in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,548 shares of the scientific and technical instruments company’s stock after selling 17,336 shares during the period. Trillium Asset Management LLC’s holdings in Trimble were worth $7,204,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Brighton Jones LLC acquired a new stake in Trimble during the fourth quarter worth about $211,000. Empowered Funds LLC increased its position in Trimble by 9.5% during the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock worth $461,000 after purchasing an additional 607 shares during the last quarter. Woodline Partners LP increased its position in Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Trimble in the second quarter worth approximately $208,000. Finally, Marshall Wace LLP increased its stake in Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after acquiring an additional 27,374 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, VP Mark David Schwartz sold 16,725 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. The trade was a 38.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Company insiders own 0.59% of the company’s stock.
Trimble Trading Up 0.8%
Trimble (NASDAQ:TRMB – Get Free Report) last announced its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. Trimble’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm 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, analysts predict that Trimble Inc. will post 2.99 EPS for the current year.
Wall Street Analysts Forecast Growth
TRMB has been the subject of several recent analyst reports. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Oppenheimer cut their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays cut their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Piper Sandler cut their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.
Get Our Latest Stock Analysis on Trimble
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.
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