Key Points
- CEO Robert Painter sold 7,500 Trimble shares on January 13 at an average price of $80.88 for $606,600, cutting his stake by 17.9% to 34,397 shares (≈$2.78M).
- The Board has authorized a $1.00 billion share buyback (up to ~5.1% of outstanding stock), signaling management believes the shares may be undervalued.
- Trimble recently beat quarterly EPS and revenue estimates (EPS $0.81 vs. $0.72; revenue $901.2M vs. $870.3M) and set FY2025 guidance of 3.040–3.120 EPS, while analysts hold a "Moderate Buy" consensus with a $96.78 target.
Trimble Inc. (NASDAQ:TRMB - Get Free Report) CEO Robert Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the completion of the sale, the chief executive officer owned 34,397 shares of the company's stock, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Trimble Price Performance
Shares of TRMB stock opened at $78.57 on Friday. The firm has a fifty day moving average of $79.92 and a two-hundred day moving average of $80.52. The firm has a market cap of $18.69 billion, a P/E ratio of 53.82, a P/E/G ratio of 2.78 and a beta of 1.59. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.86.
Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The business had revenue of $901.20 million for the quarter, compared to analysts' expectations of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. As a group, research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.
Trimble announced that its Board of Directors has authorized a share 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 purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On Trimble
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRMB. Massachusetts Financial Services Co. MA bought a new stake in shares of Trimble during the third quarter valued at about $289,254,000. Wellington Management Group LLP increased its stake in Trimble by 12,120.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company's stock valued at $224,028,000 after buying an additional 2,721,305 shares during the period. Norges Bank bought a new stake in shares of Trimble during the 2nd quarter worth about $198,583,000. Generation Investment Management LLP lifted its stake in shares of Trimble by 19.1% in the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company's stock worth $685,314,000 after acquiring an additional 1,449,315 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Trimble during the third quarter valued at approximately $56,747,000. 93.21% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
TRMB has been the subject of several recent research reports. Zacks Research lowered shares of Trimble from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Piper Sandler reaffirmed an "overweight" rating and set a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a "buy" rating in a report on Friday, October 3rd. Wells Fargo & Company started coverage on Trimble in a report on Thursday, November 13th. They set an "overweight" rating and a $94.00 target price for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Trimble in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.78.
Check Out Our Latest Research Report on TRMB
Trimble Company Profile
(
Get Free Report)
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.
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