SG Americas Securities LLC Acquires 22,650 Shares of Trimble Inc. $TRMB

SG Americas Securities LLC grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 30.9% during the third quarter, Holdings Channel reports. The firm owned 96,052 shares of the scientific and technical instruments company’s stock after acquiring an additional 22,650 shares during the quarter. SG Americas Securities LLC’s holdings in Trimble were worth $7,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its holdings in Trimble by 2.6% in the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after purchasing an additional 125 shares in the last quarter. MAI Capital Management grew its position 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 worth $213,000 after buying an additional 126 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Trimble by 18.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock worth $69,000 after buying an additional 141 shares during the period. Balboa Wealth Partners increased its stake in shares of Trimble by 4.7% in the 2nd quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after acquiring an additional 144 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Trimble by 11.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,515 shares of the scientific and technical instruments company’s stock valued at $115,000 after acquiring an additional 159 shares during the period. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In other Trimble news, Director James Calvin Dalton sold 616 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,081,694.07. This trade represents a 4.46% decrease in their position. The sale 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 company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. The trade was a 8.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 27,084 shares of company stock valued at $2,144,726. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Oppenheimer restated an “outperform” rating and issued a $102.00 price target on shares of Trimble in a report on Thursday, November 6th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research report on Monday, December 15th. Barclays began coverage on Trimble in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price for the company. JPMorgan Chase & Co. upped their price target on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Trimble has a consensus rating of “Buy” and an average price target of $96.67.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $80.61 on Friday. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 55.21, a PEG ratio of 2.77 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm’s 50-day simple moving average is $79.89 and its 200 day simple moving average is $80.37.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The firm had revenue of $856.50 million during the quarter. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. As a group, research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its board has approved a stock buyback 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 reacquire up to 5.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.