Trimble Inc. $TRMB Shares Bought by CIBC Asset Management Inc

Key Points

• CIBC Asset Management increased its Trimble holdings by 63.9% in Q4, buying 21,763 additional shares and bringing its total to 55,840 shares worth about $4.38 million.
• Trimble beat earnings and revenue expectations in its latest quarterly report, posting EPS of $0.79 versus the $0.72 estimate and revenue of $939.9 million versus $905.6 million expected, with revenue up 11.8% year over year.
• Analysts remain broadly positive on TRMB, with 10 Buy ratings and 2 Hold ratings, giving the stock a consensus “Moderate Buy” rating and an average price target of $87.33.

CIBC Asset Management Inc boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 63.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,840 shares of the scientific and technical instruments company's stock after acquiring an additional 21,763 shares during the quarter. CIBC Asset Management Inc's holdings in Trimble were worth $4,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp increased its stake in Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company's stock worth $381,000 after acquiring an additional 125 shares during the last quarter. CI Investments Inc. grew its stake in shares of Trimble by 10.3% in the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company's stock valued at $117,000 after buying an additional 134 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Trimble by 1.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company's stock valued at $936,000 after buying an additional 151 shares in the last quarter. Fiduciary Trust Co grew its stake in shares of Trimble by 1.9% in the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company's stock valued at $675,000 after buying an additional 151 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Trimble by 11.1% in the third quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company's stock valued at $126,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TRMB shares. Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Robert W. Baird dropped their price objective on Trimble from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Zacks Research cut Trimble from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Wells Fargo & Company dropped their price objective on Trimble from $79.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, May 7th. Finally, Oppenheimer dropped their price objective on Trimble from $86.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.33.

Trimble Trading Down 2.7%

NASDAQ:TRMB opened at $54.19 on Friday. The stock has a 50-day simple moving average of $61.94 and a 200-day simple moving average of $69.53. The stock has a market cap of $12.63 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.81 and a beta of 1.38. Trimble Inc. has a 1 year low of $52.80 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $939.90 million during the quarter, compared to analysts' expectations of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, analysts anticipate that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Mark David Schwartz sold 16,725 shares of the company's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president directly owned 19,668 shares of the company's stock, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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. Also, CEO Robert G. Painter sold 7,500 shares of the company'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 transaction, the chief executive officer directly owned 11,897 shares of the company's stock, valued at approximately $796,385.18. This represents a 38.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 31,725 shares of company stock valued at $2,151,167. Insiders own 0.59% of the company's stock.

Trimble Profile

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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