Trimble Inc. $TRMB Stake Lowered by Norris Perne & French LLP MI

Norris Perne & French LLP MI reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 322,953 shares of the scientific and technical instruments company’s stock after selling 9,409 shares during the period. Trimble accounts for 1.7% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 22nd biggest holding. Norris Perne & French LLP MI owned 0.14% of Trimble worth $25,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TRMB. Brighton Jones LLC purchased a new position in shares of Trimble during the 4th quarter valued at $211,000. Empowered Funds LLC lifted its stake in shares of Trimble by 9.5% in the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after purchasing an additional 607 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Trimble by 41.6% in the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after purchasing an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Trimble in the 2nd quarter valued at $208,000. Finally, Marshall Wace LLP lifted its stake in shares of Trimble by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock valued at $8,624,000 after purchasing an additional 27,374 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TRMB. Barclays lifted their price objective on shares of Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Wells Fargo & Company reduced their price objective on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average target price of $92.78.

Trimble Stock Up 3.3%

Trimble stock opened at $66.89 on Tuesday. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.16 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. Trimble Inc. has a fifty-two week low of $55.55 and a fifty-two week high of $87.50. The firm has a fifty day moving average price of $66.47 and a two-hundred day moving average price of $74.31.

Trimble (NASDAQ:TRMB) last released its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $969.80 million during the quarter, compared to analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total transaction of $528,375.00. Following the completion of the transaction, the chief executive officer owned 19,397 shares of the company’s stock, valued at $1,366,518.65. The trade was a 27.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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.