Trimble Inc. $TRMB Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP cut its Trimble stake by 34.5% in Q3, selling 43,922 shares and retaining 83,332 shares valued at about $6.8 million.
• Trimble topped Q results (EPS $1.00 vs. $0.96 est., revenue $969.8M vs. $950M est.), set FY2026 guidance of 3.420–3.620 EPS, and authorized a $1.0 billion buyback (up to ~5.1% of shares).
• Institutional investors own 93.21% of Trimble, and analysts remain largely positive — consensus rating "Buy" with an average target of $93.75 (1 Strong Buy, 9 Buy, 1 Hold).

Korea Investment CORP decreased its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 34.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 83,332 shares of the scientific and technical instruments company's stock after selling 43,922 shares during the period. Korea Investment CORP's holdings in Trimble were worth $6,804,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Trimble by 0.6% in the third quarter. Vanguard Group Inc. now owns 30,265,817 shares of the scientific and technical instruments company's stock valued at $2,471,204,000 after purchasing an additional 192,288 shares in the last quarter. State Street Corp increased its stake in shares of Trimble by 2.6% during the 2nd quarter. State Street Corp now owns 10,908,124 shares of the scientific and technical instruments company's stock worth $828,799,000 after purchasing an additional 273,320 shares in the last quarter. Boston Partners raised its position in shares of Trimble by 14.4% during the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company's stock worth $318,285,000 after purchasing an additional 525,214 shares during the last quarter. Invesco Ltd. lifted its stake in Trimble by 6.5% in the 2nd quarter. Invesco Ltd. now owns 4,089,301 shares of the scientific and technical instruments company's stock valued at $310,705,000 after buying an additional 248,751 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Trimble during the 3rd quarter valued at $289,254,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Analysts Set New Price Targets

TRMB has been the subject of several recent research reports. Barclays raised their price target on Trimble from $101.00 to $103.00 and gave the stock an "overweight" rating in a research report on Friday, March 6th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Trimble in a research note on Wednesday, February 11th. Oppenheimer reiterated an "outperform" rating and set a $86.00 price objective on shares of Trimble in a research report on Tuesday, February 10th. Zacks Research raised shares of Trimble from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. Finally, Wells Fargo & Company decreased their price target on shares of Trimble from $94.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th. One equities 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 company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $93.75.

Trimble Stock Performance

Trimble stock opened at $66.16 on Friday. The stock has a fifty day moving average price of $70.54 and a 200 day moving average price of $76.75. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The firm has a market capitalization of $15.48 billion, a P/E ratio of 37.81, a PEG ratio of 2.25 and a beta of 1.57. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly 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. The firm had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble announced that its board has initiated a share buyback plan on Friday, December 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total transaction of $528,375.00. Following the transaction, the chief executive officer owned 19,397 shares of the company's stock, valued at $1,366,518.65. This trade represents a 27.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,250 shares of company stock worth $1,315,988 over the last three months. Corporate insiders own 0.54% of the company's stock.

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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