Lbp Am Sa Grows Position in Trimble Inc. $TRMB

Lbp Am Sa grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 19.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 175,994 shares of the scientific and technical instruments company’s stock after buying an additional 28,996 shares during the quarter. Lbp Am Sa’s holdings in Trimble were worth $14,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new stake in Trimble in the third quarter worth $25,000. Root Financial Partners LLC bought a new position in shares of Trimble in the third quarter worth about $30,000. Catalyst Capital Advisors LLC purchased a new position in Trimble in the 2nd quarter worth about $34,000. Global Retirement Partners LLC lifted its holdings in Trimble by 78.7% during the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 169 shares during the period. 93.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Piper Sandler restated an “overweight” rating and set a $97.00 price objective on shares of Trimble in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday. Oppenheimer reissued an “outperform” rating and set a $102.00 price target on shares of Trimble in a research report on Thursday, November 6th. Finally, Berenberg Bank set a $95.00 price objective on Trimble and gave the company a “buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.78.

Trimble Stock Down 0.4%

Trimble stock opened at $71.19 on Monday. The business’s 50-day simple moving average is $79.03 and its two-hundred day simple moving average is $80.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. The company has a market cap of $16.94 billion, a PE ratio of 48.76, a PEG ratio of 2.48 and a beta of 1.59. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $901.20 million during the quarter, compared to analysts’ expectations of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Equities analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its board has approved a share repurchase plan on Friday, December 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the sale, the director owned 13,193 shares of the company’s stock, valued at $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,084 shares of company stock worth $2,183,951 in the last 90 days. 0.54% of the stock is currently owned by company insiders.

Trimble 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.