Trimble Inc. $TRMB Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Trimble Inc. (NASDAQ:TRMB) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,962,879 shares of the scientific and technical instruments company’s stock after selling 162,987 shares during the period. Victory Capital Management Inc.’s holdings in Trimble were worth $388,842,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its stake in Trimble by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 559,885 shares of the scientific and technical instruments company’s stock valued at $43,867,000 after purchasing an additional 10,296 shares during the period. Gator Capital Management LLC acquired a new stake in Trimble during the 4th quarter valued at $2,328,000. Sumitomo Life Insurance Co. raised its stake in Trimble by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock valued at $3,098,000 after purchasing an additional 169 shares during the period. Summit Financial LLC acquired a new stake in Trimble during the 4th quarter valued at $410,000. Finally, Advisors Asset Management Inc. raised its stake in Trimble by 0.9% during the 4th quarter. Advisors Asset Management Inc. now owns 27,324 shares of the scientific and technical instruments company’s stock valued at $2,141,000 after purchasing an additional 253 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRMB. Wells Fargo & Company cut their target price on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Oppenheimer cut their target price on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler dropped their price target on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Robert W. Baird dropped their price target on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Insiders Place Their Bets

In related news, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction 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 sale, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. This represents a 38.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Corporate insiders own 0.59% of the company’s stock.

Trimble Trading Up 0.8%

NASDAQ TRMB opened at $50.42 on Friday. Trimble Inc. has a 1-year low of $48.90 and a 1-year high of $87.50. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $11.75 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.67 and a beta of 1.38. The firm’s fifty day simple moving average is $60.67 and its 200-day simple moving average is $68.68.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. Trimble’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, sell-side analysts anticipate that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

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.