Key Points
- CEO Robert Painter sold 7,500 Trimble shares on March 10 at an average price of $70.45 for about $528,375, cutting his stake by 27.88% to 19,397 shares (≈$1.37M).
- Trimble's board authorized a $1.0 billion stock repurchase, equal to roughly 5.1% of outstanding shares, signaling management believes the stock may be undervalued.
- Trimble beat quarterly expectations, reporting $1.00 EPS vs. $0.96 est. and $969.8M revenue, and set FY2026 EPS guidance of 3.420–3.620 with Q1 guidance of 0.690–0.740.
Trimble Inc. (NASDAQ:TRMB - Get Free Report) CEO Robert Painter sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total value of $528,375.00. Following the transaction, the chief executive officer owned 19,397 shares of the company's stock, valued at approximately $1,366,518.65. This represents a 27.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Trimble Trading Down 0.4%
NASDAQ TRMB traded down $0.29 during trading on Friday, hitting $65.87. The company had a trading volume of 352,864 shares, compared to its average volume of 2,119,613. The company's fifty day moving average is $70.54 and its 200-day moving average is $76.75. Trimble Inc. has a one year low of $52.91 and a one year 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. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 2.25 and a beta of 1.57.
Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company had revenue of $969.80 million for the quarter, compared to analysts' expectations of $949.97 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. Trimble's quarterly revenue was down 1.4% on a year-over-year basis. 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, sell-side analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.
Trimble announced that its board has authorized a stock repurchase program on Friday, December 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.
Institutional Trading of Trimble
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRMB. Vanguard Group Inc. increased its stake in shares of Trimble by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company's stock worth $2,395,181,000 after purchasing an additional 304,461 shares in the last quarter. State Street Corp raised its stake in shares of Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company's stock worth $894,183,000 after buying an additional 43,285 shares during the period. Geode Capital Management LLC lifted its position in shares of Trimble by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company's stock valued at $492,426,000 after buying an additional 55,073 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company's stock valued at $485,747,000 after acquiring an additional 3,455,949 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company's stock worth $330,460,000 after acquiring an additional 675,134 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on TRMB. Sanford C. Bernstein restated an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Zacks Research upgraded shares of Trimble from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. Wells Fargo & Company decreased their target price on shares of Trimble from $94.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, February 12th. Oppenheimer reiterated an "outperform" rating and set a $86.00 price target on shares of Trimble in a report on Tuesday, February 10th. Finally, Barclays raised their price target on shares of Trimble from $101.00 to $103.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $93.75.
Read Our Latest Analysis on Trimble
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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