McLaughlin Asset Management Inc. Invests $913,000 in Trimble Inc. $TRMB

McLaughlin Asset Management Inc. purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,651 shares of the scientific and technical instruments company’s stock, valued at approximately $913,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Trimble by 17.5% during the 3rd quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock worth $68,555,000 after purchasing an additional 124,772 shares during the last quarter. ARK Investment Management LLC grew its position in shares of Trimble by 13.8% during the third quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock worth $74,990,000 after buying an additional 111,450 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of Trimble by 2.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock worth $126,619,000 after buying an additional 42,929 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in shares of Trimble in the third quarter worth $3,969,000. Finally, Intech Investment Management LLC raised its holdings in Trimble by 443.0% in the third quarter. Intech Investment Management LLC now owns 39,928 shares of the scientific and technical instruments company’s stock valued at $3,260,000 after acquiring an additional 32,575 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRMB. Robert W. Baird dropped their target price on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Piper Sandler lowered their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Insider Activity

In related news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. This trade represents a 38.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.59% of the stock is currently owned by corporate insiders.

Trimble Stock Up 0.6%

NASDAQ:TRMB opened at $49.16 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $59.46 and a 200-day moving average of $67.72. The firm has a market capitalization of $11.46 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 1.63 and a beta of 1.38. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Analysts predict that Trimble Inc. will post 2.99 EPS for the current year.

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.