Norris Perne & French LLP MI Buys 244,273 Shares of Trimble Inc. $TRMB

Key Points

• Norris Perne & French LLP MI increased its Trimble stake by 221.3% in the third quarter, purchasing 244,273 additional shares for a total of 354,634 shares valued at approximately $20.3 million.
• Institutional investors own 93.21% of Trimble, while director Kaigham Gabriel sold 1,718 shares for $103,080 under a pre-arranged Rule 10b5-1 trading plan.
• Trimble exceeded quarterly earnings and revenue expectations, reporting $0.86 EPS and $972 million in revenue, up 11% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $80.

Norris Perne & French LLP MI increased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 221.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,634 shares of the scientific and technical instruments company's stock after buying an additional 244,273 shares during the quarter. Norris Perne & French LLP MI owned 0.15% of Trimble worth $20,253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC bought a new stake in Trimble in the third quarter valued at $28,000. Frazier Financial Advisors LLC bought a new position in shares of Trimble during the second quarter valued at $25,000. Vega Investment Solutions bought a new position in shares of Trimble during the second quarter valued at $29,000. SBI Securities Co. Ltd. lifted its holdings in shares of Trimble by 32.4% during the third quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company's stock valued at $46,000 after acquiring an additional 199 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Trimble in the 2nd quarter valued at $45,000. Institutional investors own 93.21% of the company's stock.

Insider Buying and Selling

In other news, Director Kaigham Gabriel sold 1,718 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their position. 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. Corporate insiders own 0.59% of the company's stock.

Trimble Trading Down 0.8%

Shares of TRMB opened at $63.49 on Friday. The stock has a fifty day moving average price of $59.23 and a two-hundred day moving average price of $57.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a market cap of $14.80 billion, a price-to-earnings ratio of -129.57, a PEG ratio of 2.05 and a beta of 1.34.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The company's revenue was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Analysts predict that Trimble Inc. will post 3.10 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TRMB shares. Raymond James Financial cut shares of Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Oppenheimer reissued an "outperform" rating and set a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays upped their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Trimble from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Trimble presently has a consensus rating of "Moderate Buy" and an average price target of $80.00.

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company's products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.

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