Massachusetts Financial Services Co. MA Purchases New Shares in Trimble Inc. $TRMB

Massachusetts Financial Services Co. MA acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,542,608 shares of the scientific and technical instruments company’s stock, valued at approximately $289,254,000.

A number of other institutional investors also recently bought and sold shares of TRMB. Norges Bank acquired a new stake in shares of Trimble during the second quarter worth about $198,583,000. Generation Investment Management LLP lifted its position in Trimble by 19.1% in the second quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after purchasing an additional 1,449,315 shares during the period. Raymond James Financial Inc. boosted its holdings in Trimble by 73.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock valued at $97,540,000 after purchasing an additional 542,245 shares in the last quarter. Boston Partners increased its position in Trimble by 14.4% during the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after purchasing an additional 525,214 shares during the period. Finally, AQR Capital Management LLC increased its position in Trimble by 42.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,372,779 shares of the scientific and technical instruments company’s stock worth $104,166,000 after purchasing an additional 409,127 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 6.0%

Shares of NASDAQ:TRMB opened at $73.89 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 2.58 and a beta of 1.59. The stock’s 50-day moving average price is $79.82 and its two-hundred day moving average price is $80.55. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The business had revenue of $901.20 million for the quarter, compared to analyst estimates of $870.30 million. During the same period in the prior year, the firm posted $0.83 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. On average, research analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Trimble declared that its Board of Directors has authorized a share repurchase plan on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the sale, the director directly owned 13,193 shares in the company, valued at $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the transaction, the chief financial officer directly owned 25,684 shares in the company, valued at $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,084 shares of company stock valued at $2,183,951. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on Trimble in a research report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price objective for the company. Piper Sandler reissued an “overweight” rating and issued a $97.00 target price on shares of Trimble in a report on Friday, November 7th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target for the company in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.78.

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.