Legal & General Group Plc Sells 25,299 Shares of Trimble Inc. $TRMB

Key Points

• Legal & General Group Plc reduced its stake in Trimble by 1.1%, selling 25,299 shares and now owns 2,190,303 shares (~0.92% of the company) valued at $178.84 million.
• Trimble reported better-than-expected quarterly results (EPS $1.00 vs. $0.96; revenue $969.8M vs. $949.97M), set FY2026 EPS guidance of 3.420–3.620 and authorized a $1 billion share buyback (~5.1% of shares).
• Analysts hold a consensus "Buy" rating with a $93.75 target (ranges include Barclays $103 and Wells Fargo $79), while insiders have sold 17,250 shares in the past 90 days, leaving insiders with 0.54% ownership.

Legal & General Group Plc decreased its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190,303 shares of the scientific and technical instruments company's stock after selling 25,299 shares during the quarter. Legal & General Group Plc owned approximately 0.92% of Trimble worth $178,838,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of Trimble during the third quarter valued at $25,000. Root Financial Partners LLC bought a new stake in shares of Trimble in the 3rd quarter worth about $30,000. Hantz Financial Services Inc. grew its holdings in shares of Trimble by 90.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 177 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Trimble by 78.7% during the 3rd quarter. Global Retirement Partners LLC now owns 411 shares of the scientific and technical instruments company's stock worth $34,000 after purchasing an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company's stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted 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. KeyCorp upgraded shares of Trimble from a "sector weight" rating to an "overweight" rating and set a $99.00 target price for the company in a research note on Monday, December 15th. Wells Fargo & Company reduced their target price on Trimble from $94.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. Oppenheimer restated an "outperform" rating and set a $86.00 price target on shares of Trimble in a research report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Trimble in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $93.75.

Insider Activity at Trimble

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the company's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares of the company's stock, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 19,397 shares in the company, valued at $1,366,518.65. The trade was a 27.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,250 shares of company stock valued at $1,315,988 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Trimble Trading Down 2.1%

TRMB opened at $66.16 on Friday. 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 stock has a market capitalization of $15.48 billion, a PE ratio of 37.81, a PEG ratio of 2.25 and a beta of 1.57. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The firm has a 50-day moving average price of $70.54 and a two-hundred day moving average price of $76.75.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $949.97 million. During the same period in the prior year, the business 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. As a group, equities 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 approved a share buyback program 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 repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

About Trimble

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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