Trimble Inc. $TRMB Shares Sold by Legal & General Group Plc

Key Points

• Legal & General Group Plc reduced its Trimble stake by 2.4% in the fourth quarter, selling 51,949 shares. It still held 2,138,354 shares valued at about $167.5 million.
• Trimble reported better-than-expected Q1 results, with EPS of $0.79 versus estimates of $0.72 and revenue of $939.9 million, up 11.8% year over year. The company also issued Q2 2026 and FY 2026 guidance that was in line to slightly ahead of expectations.
• The stock has been under pressure, recently opening at $54.88, near its 52-week low of $52.80. Despite the pullback, analysts remain broadly positive, with ten Buy ratings and a consensus price target of $90.

Legal & General Group Plc lowered its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,138,354 shares of the scientific and technical instruments company's stock after selling 51,949 shares during the quarter. Legal & General Group Plc owned about 0.90% of Trimble worth $167,540,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Toth Financial Advisory Corp purchased a new position in Trimble in the fourth quarter valued at about $27,000. Root Financial Partners LLC purchased a new position in Trimble in the third quarter valued at about $30,000. Quarry LP boosted its holdings in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock valued at $30,000 after purchasing an additional 232 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Trimble by 90.8% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company's stock valued at $30,000 after purchasing an additional 177 shares during the last quarter. Finally, BOKF NA boosted its holdings in Trimble by 103.8% in the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Trading Down 2.6%

NASDAQ:TRMB opened at $54.88 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The business's 50 day moving average is $63.35 and its two-hundred day moving average is $70.60. Trimble Inc. has a 52 week low of $52.80 and a 52 week high of $87.50. The company has a market cap of $12.79 billion, a PE ratio of 28.88, a P/E/G ratio of 1.88 and a beta of 1.45.

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

Wall Street Analyst Weigh In

TRMB has been the subject of a number of analyst reports. Oppenheimer reduced their price target on Trimble from $86.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, May 7th. Wells Fargo & Company reduced their price target on Trimble from $79.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, May 7th. Zacks Research downgraded Trimble from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Finally, Barclays increased their price target on Trimble from $101.00 to $103.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $90.00.

Insider Buying and Selling

In other Trimble news, VP Mark David Schwartz sold 16,725 shares of the stock in a transaction that occurred on 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 transaction, the vice president owned 19,668 shares of the company's stock, valued at $1,317,952.68. This trade represents a 45.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock in a transaction that occurred on 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 in the company, valued at approximately $796,385.18. This represents a 38.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders have sold 31,725 shares of company stock worth $2,151,167. 0.59% of the stock is currently owned by company insiders.

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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