Generation Investment Management LLP Sells 661,551 Shares of Trimble Inc. $TRMB

Generation Investment Management LLP lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 7.3% during the third quarter, Holdings Channel.com reports. The firm owned 8,358,112 shares of the scientific and technical instruments company’s stock after selling 661,551 shares during the period. Trimble accounts for about 4.5% of Generation Investment Management LLP’s portfolio, making the stock its 10th biggest position. Generation Investment Management LLP’s holdings in Trimble were worth $682,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRMB. EverSource Wealth Advisors LLC boosted its holdings in Trimble by 45.2% in the third quarter. EverSource Wealth Advisors LLC now owns 4,613 shares of the scientific and technical instruments company’s stock worth $377,000 after acquiring an additional 1,437 shares in the last quarter. Cornerstone Capital Inc. raised its position in shares of Trimble by 1.3% during the third quarter. Cornerstone Capital Inc. now owns 218,283 shares of the scientific and technical instruments company’s stock worth $17,823,000 after purchasing an additional 2,860 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of Trimble in the 3rd quarter worth $250,000. Vestmark Advisory Solutions Inc. grew its position in Trimble by 515.4% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 48,915 shares of the scientific and technical instruments company’s stock valued at $3,994,000 after purchasing an additional 40,966 shares during the period. Finally, Tredje AP fonden increased its stake in Trimble by 40.3% during the 3rd quarter. Tredje AP fonden now owns 526,082 shares of the scientific and technical instruments company’s stock valued at $42,955,000 after purchasing an additional 151,167 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TRMB. Oppenheimer restated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price for the company in a research report on Monday, December 15th. Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a report on Friday, November 7th. Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Barclays boosted their price objective on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average price target of $93.50.

Trimble Stock Down 3.3%

TRMB opened at $65.42 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. The company’s 50-day moving average is $73.51 and its 200 day moving average is $77.96. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm has a market capitalization of $15.56 billion, a P/E ratio of 37.38, a PEG ratio of 2.26 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its board has authorized a stock buyback plan on Friday, December 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other Trimble news, Director James Calvin Dalton sold 616 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, the director owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction on 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 owned 25,684 shares of the company’s stock, valued at $2,066,277.80. This trade represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,866 shares of company stock valued at $1,448,543 over the last three months. Corporate insiders own 0.54% of the company’s stock.

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.