Trimble Inc. $TRMB Shares Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 49.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 158,208 shares of the scientific and technical instruments company’s stock after purchasing an additional 52,582 shares during the period. J. Safra Sarasin Holding AG’s holdings in Trimble were worth $12,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Peapack Gladstone Financial Corp raised its position in Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after acquiring an additional 125 shares in the last quarter. MAI Capital Management increased its holdings in shares of Trimble by 4.7% during the 2nd quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after purchasing an additional 126 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Trimble by 18.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 141 shares during the period. Balboa Wealth Partners boosted its holdings in Trimble by 4.7% during the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock worth $243,000 after buying an additional 144 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in Trimble by 2.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock valued at $518,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Up 0.3%

Shares of TRMB opened at $71.38 on Tuesday. The stock has a 50 day moving average price of $78.95 and a 200 day moving average price of $80.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 2.48 and a beta of 1.59. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last announced 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 company had revenue of $901.20 million for the quarter, compared to analysts’ expectations of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its Board of Directors has approved a share repurchase program on Friday, December 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TRMB shares. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wells Fargo & Company started coverage on Trimble in a report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price target for the company. Barclays raised their price objective on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, KeyCorp raised 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 assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the sale, the chief executive officer owned 34,397 shares in the company, valued at approximately $2,782,029.36. This represents a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip Sawarynski sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,084 shares of company stock worth $2,183,951 in the last 90 days. 0.54% of the stock is currently owned by insiders.

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.