Neuberger Berman Group LLC Acquires 244,346 Shares of Trimble Inc. $TRMB

Key Points

• Neuberger Berman Group LLC raised its Trimble stake by 649.9%, buying 244,346 shares in Q3 to hold 281,942 shares (about 0.12% of the company) valued at roughly $23.02 million.
• Corporate insiders have been selling recently: CFO Phillip Sawarynski sold 2,250 shares and CEO Robert G. Painter sold 7,500 shares, with insiders offloading 17,250 shares worth about $1.398 million over the past 90 days.
• Trimble beat quarterly expectations (EPS $1.00 vs. $0.96 and revenue $969.8M), set FY2026 guidance of $3.420–3.620 EPS, and authorized a $1.0 billion share buyback (up to 5.1% of shares); analysts’ consensus rating is "Buy" with a $93.75 target.

Neuberger Berman Group LLC raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 649.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,942 shares of the scientific and technical instruments company's stock after buying an additional 244,346 shares during the quarter. Neuberger Berman Group LLC owned about 0.12% of Trimble worth $23,021,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. SG Americas Securities LLC increased its position in shares of Trimble by 30.9% during the third quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company's stock valued at $7,843,000 after purchasing an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Trimble by 31.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company's stock worth $11,944,000 after purchasing an additional 35,015 shares during the period. Essex Investment Management Co. LLC boosted its stake in Trimble by 168.8% during the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company's stock worth $3,729,000 after buying an additional 28,676 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Trimble by 123.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company's stock valued at $19,375,000 after buying an additional 131,056 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Trimble by 8.0% during the 2nd quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company's stock worth $56,529,000 after acquiring an additional 55,300 shares during the period. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trimble news, CFO Phillip Sawarynski sold 2,250 shares of the business's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value 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. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the sale, the chief executive officer owned 34,397 shares in the company, valued at $2,782,029.36. The trade was a 17.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,250 shares of company stock worth $1,398,038. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRMB shares. Barclays upped their target price on shares of Trimble from $101.00 to $103.00 and gave the company an "overweight" rating in a research note on Friday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on Trimble from $94.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Trimble in a report on Wednesday, January 21st. Finally, KeyCorp raised Trimble from a "sector weight" rating to an "overweight" rating and set a $99.00 price target on the stock in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $93.75.

Trimble Price Performance

NASDAQ:TRMB opened at $70.08 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The firm has a market cap of $16.39 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.57. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The company's 50-day moving average price is $71.40 and its two-hundred day moving average price is $77.08.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $949.97 million. During the same quarter last year, the business posted $0.89 earnings per share. The company's 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, equities analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble declared that its Board of Directors has authorized a share buyback program on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is 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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