18,811 Trimble Inc. $TRMB Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its Trimble stake by 2.8%, selling 18,811 shares in the third quarter. It retained 650,358 shares, worth about $37.3 million.
• Trimble’s third-quarter revenue rose 7.3% year over year to $966.8 million, and EPS of $0.86 met estimates. However, slower expected recurring-revenue growth and concerns about profitability weighed on the outlook.
• Several analysts lowered their price targets after the results, including JPMorgan, Baird, Loop Capital, and Wells Fargo, although the overall analyst consensus remained “Moderate Buy.”

Candriam S.C.A. lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 650,358 shares of the scientific and technical instruments company's stock after selling 18,811 shares during the quarter. Candriam S.C.A. owned approximately 0.28% of Trimble worth $37,278,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ethic Inc. increased its stake in shares of Trimble by 27.4% during the 3rd quarter. Ethic Inc. now owns 11,720 shares of the scientific and technical instruments company's stock worth $669,000 after purchasing an additional 2,524 shares during the last quarter. Parallel Advisors LLC lifted its stake in Trimble by 34.1% in the third quarter. Parallel Advisors LLC now owns 2,213 shares of the scientific and technical instruments company's stock valued at $126,000 after purchasing an additional 563 shares during the last quarter. CenterBook Partners LP purchased a new position in Trimble in the third quarter valued at approximately $442,000. International Assets Investment Management LLC lifted its stake in Trimble by 34.5% in the third quarter. International Assets Investment Management LLC now owns 3,623 shares of the scientific and technical instruments company's stock valued at $208,000 after purchasing an additional 929 shares during the last quarter. Finally, Heritage Family Offices LLP bought a new position in Trimble during the third quarter valued at $36,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 2,476 shares of the company's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $65.00, for a total value of $160,940.00. Following the transaction, the director owned 14,950 shares of the company's stock, valued at approximately $971,750. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.

Key Trimble News

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q3 revenue rose 7.3% year over year to about $967 million, while earnings per share met consensus estimates. Strength in AECO (architecture, engineering, construction and owner) markets helped lift results. Annual recurring revenue reached a record $2.56 billion, with recurring revenue up 11%. Zacks article
• Neutral Sentiment: Matthew C. Brown joined Trimble’s board. The news did not include a specific financial or operating impact. Yahoo Finance article
• Negative Sentiment: Slower expected growth in recurring revenue weighed on the 2026 outlook, despite the record ARR. Another report said GAAP profit nearly halved, raising concerns about profitability alongside the growth figures. American Banking News article
• Negative Sentiment: Several firms lowered their price targets after the results: JPMorgan cut its target to $73 from $75, Baird to $67 from $70, Loop Capital to $70 from $76, and Wells Fargo to $60 from $61. JPMorgan and Wells Fargo retained Overweight ratings, but the reductions suggest more cautious expectations. Loop Capital price-target article

Trimble Stock Performance

Shares of Trimble stock opened at $54.11 on Monday. The company's 50-day moving average price is $59.67 and its 200-day moving average price is $60.50. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The company has a market cap of $12.40 billion, a price-to-earnings ratio of -77.30, a PEG ratio of 1.75 and a beta of 1.32.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $966.80 million during the quarter, compared to analysts' expectations of $966.41 million. Trimble had a negative net margin of 4.08% and a positive return on equity of 12.73%. Trimble's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, equities analysts expect that Trimble Inc. will post 3.10 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRMB has been the subject of a number of recent research reports. Weiss Ratings raised Trimble from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Loop Capital assumed coverage on Trimble in a research report on Monday, October 26th. They set a "buy" rating and a $76.00 price target on the stock. Raymond James Financial downgraded Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Wells Fargo & Company lowered their price objective on Trimble from $61.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.44.

Trimble Company Profile

Trimble Inc develops technology that connects the physical and digital worlds to help customers plan, build, and manage infrastructure and other assets. Its offerings combine positioning technologies, hardware, software, and data services for industries including construction, geospatial, transportation, and agriculture.

Products and services include GNSS and surveying equipment, machine-control systems, mapping and measurement tools, and software for design, project management, fleet operations, and asset tracking.

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