93,000 Shares in Trimble Inc. $TRMB Acquired by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 93,000 shares of the scientific and technical instruments company’s stock, valued at approximately $7,287,000.

A number of other hedge funds have also recently added to or reduced their stakes in TRMB. Brighton Jones LLC purchased a new position in Trimble during the 4th quarter worth approximately $211,000. Empowered Funds LLC lifted its holdings in shares of Trimble by 9.5% in the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after buying an additional 607 shares during the period. Woodline Partners LP lifted its holdings in shares of Trimble by 41.6% in the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after buying an additional 6,100 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Trimble in the 2nd quarter valued at approximately $208,000. Finally, Marshall Wace LLP raised its holdings 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 purchasing an additional 27,374 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Activity

In related news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was 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 in the company, valued at approximately $1,317,952.68. This trade represents a 45.96% 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. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TRMB shares. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Piper Sandler cut their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.33.

Trimble Price Performance

TRMB stock opened at $50.78 on Wednesday. The stock has a 50-day moving average price of $60.08 and a two-hundred day moving average price of $68.18. The company has a market cap of $11.84 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.38. Trimble Inc. has a 12-month low of $48.90 and a 12-month 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.

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

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.