11,651 Shares in Trimble Inc. $TRMB Acquired by McLaughlin Asset Management Inc.

McLaughlin Asset Management Inc. bought a new position in Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,651 shares of the scientific and technical instruments company’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in Trimble by 17.5% during the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock valued at $68,555,000 after buying an additional 124,772 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Trimble by 13.8% in the 3rd quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock valued at $74,990,000 after acquiring an additional 111,450 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Trimble by 2.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock valued at $126,619,000 after acquiring an additional 42,929 shares during the last quarter. Fieldview Capital Management LLC bought a new position in shares of Trimble during the 3rd quarter valued at about $3,969,000. Finally, Intech Investment Management LLC grew its stake in shares of Trimble by 443.0% in the 3rd quarter. Intech Investment Management LLC now owns 39,928 shares of the scientific and technical instruments company’s stock worth $3,260,000 after purchasing an additional 32,575 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays decreased their price target on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Oppenheimer reduced their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Robert W. Baird decreased their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Piper Sandler cut their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.33.

Trimble Stock Up 0.6%

Shares of Trimble stock opened at $49.16 on Friday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The company has a market cap of $11.46 billion, a P/E ratio of 25.87, a P/E/G ratio of 1.63 and a beta of 1.38. 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 stock has a 50-day moving average price of $59.46 and a 200 day moving average price of $67.72.

Trimble (NASDAQ:TRMB) last released its earnings results 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. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $939.90 million during the quarter, compared to the consensus estimate of $905.60 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. 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, analysts expect that Trimble Inc. will post 2.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated 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 directly owned 11,897 shares in the company, valued at $796,385.18. The trade was a 38.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock in a transaction that occurred on 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 $1,317,952.68. This 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. 0.59% 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.