J. Safra Sarasin Holding AG Grows Stock Holdings in Trimble Inc. $TRMB

J. Safra Sarasin Holding AG grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 49.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,208 shares of the scientific and technical instruments company’s stock after acquiring an additional 52,582 shares during the period. J. Safra Sarasin Holding AG owned about 0.07% of Trimble worth $12,918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRMB. Brighton Jones LLC purchased a new stake in shares of Trimble in the 4th quarter worth $211,000. Empowered Funds LLC raised its holdings in shares of Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after acquiring an additional 607 shares in the last quarter. Woodline Partners LP lifted its stake in Trimble by 41.6% in the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after acquiring an additional 6,100 shares during the period. Sivia Capital Partners LLC purchased a new stake in Trimble in the second quarter worth about $208,000. Finally, Farther Finance Advisors LLC increased its position in Trimble by 84.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,804 shares of the scientific and technical instruments company’s stock valued at $137,000 after purchasing an additional 828 shares during the period. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research reports. Zacks Research cut 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 set an “overweight” rating and a $94.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Piper Sandler restated an “overweight” rating and set a $97.00 price objective on shares of Trimble in a research note on Friday, November 7th. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.78.

Insider Transactions at Trimble

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the sale, the director owned 13,193 shares in the company, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,084 shares of company stock worth $2,183,951. Insiders own 0.54% of the company’s stock.

Trimble Price Performance

Shares of TRMB stock opened at $71.38 on Tuesday. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. 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 firm 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. The stock’s 50-day simple moving average is $78.95 and its 200-day simple moving average is $80.21.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $901.20 million during 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%. Trimble’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business earned $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. As a group, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its board has approved a stock repurchase plan on Friday, December 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.