Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys New Position in Trimble Inc. $TRMB

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,792 shares of the scientific and technical instruments company’s stock, valued at approximately $3,117,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its holdings in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC acquired a new stake in Trimble during the 4th quarter worth $26,000. Toth Financial Advisory Corp purchased a new position in Trimble during the 4th quarter worth $27,000. Bank of Jackson Hole Trust acquired a new position in Trimble in the fourth quarter valued at $27,000. Finally, Quarry LP increased its stake 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 period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $53.04 on Friday. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $87.50. 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 company’s 50-day simple moving average is $55.81 and its 200-day simple moving average is $65.42. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 1.77 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results 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 firm had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. 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, equities research analysts anticipate that Trimble Inc. will post 2.99 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Mark David Schwartz sold 16,725 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Trimble stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the sale, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TRMB shares. 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 report on Monday, March 30th. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Oppenheimer lowered their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Piper Sandler dropped their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.33.

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.