Trimble Inc. $TRMB Shares Sold by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System trimmed its stake in Trimble by 7.9% in Q4, selling 15,329 shares and reducing its holding to 178,606 shares (about 0.08% of the company) worth roughly $14.0 million.
• Trimble beat Q4 estimates with $1.00 EPS and $969.8M revenue (revenue down 1.4% y/y) and issued FY2026 guidance of 3.420–3.620 EPS and Q1 guidance of 0.690–0.740 EPS.
• Insiders have been selling: VP Mark David Schwartz sold 16,725 shares and CEO Robert G. Painter sold 7,500 shares under pre-arranged 10b5-1 plans to cover tax obligations, with insiders disposing of 31,725 shares (~$2.15M) in the past 90 days while owning 0.59% of the stock.

New York State Teachers Retirement System cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,606 shares of the scientific and technical instruments company's stock after selling 15,329 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Trimble worth $13,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Trimble during the 4th quarter worth $211,000. Empowered Funds LLC grew its position in Trimble by 9.5% in the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company's stock valued at $461,000 after buying an additional 607 shares in the last quarter. Woodline Partners LP increased its stake in Trimble by 41.6% during the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company's stock valued at $1,363,000 after buying an additional 6,100 shares during the period. Sivia Capital Partners LLC acquired a new position in Trimble during the 2nd quarter valued at about $208,000. Finally, Marshall Wace LLP raised its position in shares of Trimble by 31.8% during the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company's stock worth $8,624,000 after buying an additional 27,374 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Stock Performance

TRMB opened at $68.42 on Monday. The business has a fifty day simple moving average of $66.87 and a 200-day simple moving average of $73.21. The firm has a market cap of $15.88 billion, a PE ratio of 39.10, a P/E/G ratio of 2.28 and a beta of 1.45. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. Trimble Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The business had revenue of $969.80 million during the quarter, compared to the consensus estimate of $949.97 million. During the same period in the prior year, the business posted $0.89 earnings per share. Trimble's revenue was down 1.4% compared to the same quarter last year. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. As a group, equities analysts predict that Trimble Inc. will post 3 EPS for the current fiscal year.

Insider Transactions at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the transaction, the vice president directly owned 19,668 shares of the company's stock, valued at $1,317,952.68. This trade represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 business's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the sale, the chief executive officer owned 11,897 shares in the company, valued at $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. Insiders have sold 31,725 shares of company stock valued at $2,151,167 over the last ninety days. Insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRMB. Sanford C. Bernstein reiterated an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Oppenheimer reissued an "outperform" rating and set a $86.00 target price on shares of Trimble in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Trimble in a research note on Wednesday, January 21st. Robert W. Baird lowered their price target on Trimble from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Finally, Barclays boosted their price objective on Trimble from $101.00 to $103.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.78.

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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