S Bank Fund Management Ltd Has $6.69 Million Stake in Trimble Inc. $TRMB

S Bank Fund Management Ltd grew its position in Trimble Inc. (NASDAQ:TRMB) by 13.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 81,983 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,924 shares during the quarter. Trimble comprises 0.9% of S Bank Fund Management Ltd’s portfolio, making the stock its 26th biggest holding. S Bank Fund Management Ltd’s holdings in Trimble were worth $6,694,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total value of $610,425.00. Following the transaction, the chief executive officer owned 41,897 shares in the company, valued at $3,409,996.83. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin Dalton sold 616 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 13,193 shares of the company’s stock, valued at $1,081,694.07. This represents a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 19,584 shares of company stock worth $1,577,351 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TRMB. Oppenheimer reissued an “outperform” rating and set a $102.00 target price on shares of Trimble in a research note on Thursday, November 6th. Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Barclays boosted their target price on shares of Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler reiterated an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Finally, KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trimble currently has an average rating of “Moderate Buy” and an average price target of $96.78.

Trimble Stock Performance

NASDAQ TRMB opened at $80.80 on Tuesday. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 55.34, a PEG ratio of 2.81 and a beta of 1.59. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The stock has a fifty day simple moving average of $79.91 and a 200 day simple moving average of $80.50. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The company 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. Sell-side analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Trimble announced that its Board of Directors has approved a stock buyback plan on Friday, December 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.