Key Points
- Trimble CEO Robert Painter sold 7,500 shares on April 14 at an average price of $66.94 for a total of $502,050 under a pre-arranged Rule 10b5-1 plan to cover tax withholding, reducing his ownership by 38.67% to 11,897 shares.
- Trimble recently beat quarterly expectations and gave FY2026 guidance: it reported $1.00 EPS (vs. $0.96 expected) and $969.8M revenue, set FY2026 EPS guidance of 3.420–3.620 (Q1 0.690–0.740), and carries a MarketBeat analyst consensus of "Moderate Buy" with a $92.78 target.
Trimble Inc. (NASDAQ:TRMB - Get Free Report) CEO Robert Painter sold 7,500 shares of the firm's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 1.3%
Shares of NASDAQ:TRMB opened at $67.67 on Friday. The stock has a 50-day simple moving average of $66.62 and a 200-day simple moving average of $74.11. The stock has a market capitalization of $15.71 billion, a P/E ratio of 38.67, a PEG ratio of 2.23 and a beta of 1.53. Trimble Inc. has a 1 year low of $55.55 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09.
Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS 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 analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. Trimble's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on TRMB shares. Zacks Research lowered shares of Trimble from a "strong-buy" rating to a "hold" rating in a report on Monday. Sanford C. Bernstein reissued an "outperform" rating on shares of Trimble in a research report on Wednesday, February 11th. Barclays boosted their price objective on Trimble from $101.00 to $103.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Wall Street Zen downgraded Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. Finally, Robert W. Baird lowered their target price on Trimble from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Trimble currently has an average rating of "Moderate Buy" and a consensus target price of $92.78.
Read Our Latest Research Report on TRMB
Institutional Trading of Trimble
Several institutional investors have recently added to or reduced their stakes in TRMB. Massachusetts Financial Services Co. MA acquired a new position in shares of Trimble in the 3rd quarter worth approximately $289,254,000. Wellington Management Group LLP increased its holdings in shares of Trimble by 126.0% in 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 last quarter. Norges Bank acquired a new stake in shares of Trimble during the 4th quarter valued at approximately $213,133,000. Ninety One UK Ltd bought a new position in Trimble during the fourth quarter worth $67,741,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Trimble during the third quarter worth $56,747,000. 93.21% of the stock is owned by institutional investors and hedge funds.
About Trimble
(
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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