Insider Selling: Trimble (NASDAQ:TRMB) VP Sells 16,725 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) VP Mark David Schwartz sold 16,725 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the sale, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Trimble Stock Up 2.4%

NASDAQ:TRMB traded up $1.62 during mid-day trading on Friday, hitting $69.29. The stock had a trading volume of 1,519,171 shares, compared to its average volume of 2,026,673. The stock has a 50-day simple moving average of $66.62 and a two-hundred day simple moving average of $74.11. The company has a market capitalization of $16.08 billion, a PE ratio of 39.59, a PEG ratio of 2.23 and a beta of 1.53. Trimble Inc. has a twelve month low of $55.55 and a twelve month high of $87.50. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, equities research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TRMB shares. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Robert W. Baird lowered their target price on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Wells Fargo & Company lowered their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Finally, Oppenheimer restated an “outperform” rating and set a $86.00 target price on shares of Trimble in a research report on Tuesday, February 10th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.78.

Hedge Funds Weigh In On Trimble

Hedge funds have recently modified their holdings of the business. Brookstone Capital Management grew its position in Trimble by 4.9% in the 1st quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company’s stock valued at $279,000 after buying an additional 198 shares during the last quarter. Evolve Private Wealth LLC grew its position in Trimble by 7.1% in the 1st quarter. Evolve Private Wealth LLC now owns 7,875 shares of the scientific and technical instruments company’s stock valued at $514,000 after buying an additional 520 shares during the last quarter. Hsbc Holdings PLC grew its position in Trimble by 15.8% in the 4th quarter. Hsbc Holdings PLC now owns 2,464,654 shares of the scientific and technical instruments company’s stock valued at $193,153,000 after buying an additional 335,850 shares during the last quarter. Corient Private Wealth LLC grew its position in Trimble by 4.3% in the 4th quarter. Corient Private Wealth LLC now owns 21,675 shares of the scientific and technical instruments company’s stock valued at $1,698,000 after buying an additional 887 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Trimble in the 4th quarter valued at $48,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

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.