27,364 Shares of Trimble Inc. $TRMB Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new position in Trimble Inc. (NASDAQ:TRMB) in the third quarter, HoldingsChannel reports. The fund purchased 27,364 shares of the scientific and technical instruments company’s stock, valued at approximately $1,563,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in shares of Trimble by 32.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 199 shares during the period. Relyea Zuckerberg Hanson LLC raised its position in shares of Trimble by 5.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,127 shares of the scientific and technical instruments company’s stock worth $269,000 after acquiring an additional 203 shares in the last quarter. State of Wyoming raised its position in shares of Trimble by 14.5% in the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock worth $124,000 after acquiring an additional 240 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Trimble by 6.2% in the 3rd quarter. Brookstone Capital Management now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $242,000 after purchasing an additional 248 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Trimble by 1.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,339 shares of the scientific and technical instruments company’s stock valued at $1,522,000 after purchasing an additional 268 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 1.4%

NASDAQ:TRMB opened at $65.84 on Tuesday. The firm has a market capitalization of $15.35 billion, a P/E ratio of -134.36, a PEG ratio of 2.08 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble Inc. has a one year low of $47.92 and a one year high of $84.42. The company’s 50-day simple moving average is $59.94 and its 200 day simple moving average is $60.87.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, analysts forecast that Trimble Inc. will post 3.10 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 2,476 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $65.00, for a total value of $160,940.00. Following the sale, the director owned 14,950 shares in the company, valued at $971,750. This represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

TRMB has been the topic of several research reports. Wells Fargo & Company dropped their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a report on Thursday, August 13th. Sanford C. Bernstein lowered their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Finally, Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.56.

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.