Rakuten Investment Management Inc. Takes $3.57 Million Position in Trimble Inc. $TRMB

Rakuten Investment Management Inc. acquired a new stake in Trimble Inc. (NASDAQ:TRMB) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 43,726 shares of the scientific and technical instruments company’s stock, valued at approximately $3,570,000.

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

Trimble Stock Performance

Shares of TRMB stock opened at $71.48 on Friday. The firm has a 50 day moving average of $79.16 and a 200-day moving average of $80.32. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52 week low of $52.91 and a 52 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 business had revenue of $901.20 million for the quarter, compared to analyst estimates of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. Trimble’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

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

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the transaction, the director directly owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. This represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the transaction, the director owned 15,170 shares in the company, valued at approximately $1,228,770. The trade was a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,084 shares of company stock worth $2,183,951 over the last quarter. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRMB. Wells Fargo & Company began coverage on Trimble in a research report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price objective for the company. Piper Sandler restated an “overweight” rating and set a $97.00 price target on shares of Trimble in a report on Friday, November 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a research note on Thursday, November 6th. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research report on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday. One research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

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.