Trimble Inc. $TRMB Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments trimmed its Trimble stake by 84.5% in Q3, selling 59,896 shares and retaining 10,958 shares valued at about $870,000.
• Trimble's board authorized a $1.00 billion share repurchase program (up to ~5.1% of shares), and analysts maintain a consensus "Buy" rating with an average target near $96.67.
• Insiders have sold 27,084 shares in the past 90 days (≈$2.14M), while Trimble trades with a market cap of $19.18B, a P/E of ~55.2, and FY2025 EPS guidance of 3.04–3.12.

Allspring Global Investments Holdings LLC trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 84.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,958 shares of the scientific and technical instruments company's stock after selling 59,896 shares during the period. Allspring Global Investments Holdings LLC's holdings in Trimble were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Peapack Gladstone Financial Corp increased its holdings in shares of Trimble by 2.6% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company's stock valued at $381,000 after purchasing an additional 125 shares in the last quarter. MAI Capital Management grew its position in Trimble by 4.7% during the second quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company's stock valued at $213,000 after buying an additional 126 shares during the period. Parkside Financial Bank & Trust increased its holdings in Trimble by 18.4% in the second quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company's stock valued at $69,000 after buying an additional 141 shares in the last quarter. Balboa Wealth Partners raised its position in shares of Trimble by 4.7% in the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company's stock worth $243,000 after acquiring an additional 144 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of Trimble by 11.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,515 shares of the scientific and technical instruments company's stock worth $115,000 after acquiring an additional 159 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ TRMB opened at $80.61 on Friday. The stock has a fifty day simple moving average of $79.89 and a 200-day simple moving average of $80.37. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $19.18 billion, a PE ratio of 55.21, a P/E/G ratio of 2.77 and a beta of 1.59. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. The company had revenue of $856.50 million for the quarter. Trimble had a net margin of 9.93% and a return on equity of 10.73%. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Equities analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its Board of Directors has authorized a share repurchase plan on Friday, December 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRMB. Berenberg Bank set a $95.00 price target on Trimble and gave the company a "buy" rating in a research note on Friday, October 3rd. Wells Fargo & Company began coverage on shares of Trimble in a research note on Thursday, November 13th. They set an "overweight" rating and a $94.00 target price for the company. Oppenheimer restated an "outperform" rating and set a $102.00 price target on shares of Trimble in a research report on Thursday, November 6th. KeyCorp raised Trimble from a "sector weight" rating to an "overweight" rating and set a $99.00 price objective for the company in a research note on Monday, December 15th. Finally, Barclays began coverage on Trimble in a report on Tuesday, October 7th. They issued an "overweight" rating and a $100.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $96.67.

Insider Activity at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin Dalton sold 616 shares of the business's stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the completion of the sale, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,084 shares of company stock worth $2,144,726. Company insiders own 0.54% of the company's stock.

Trimble Company 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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