Saranac Partners Ltd Acquires 11,509 Shares of Trimble Inc. $TRMB

Saranac Partners Ltd increased its stake in Trimble Inc. (NASDAQ:TRMB) by 23.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,199 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,509 shares during the period. Trimble makes up approximately 1.8% of Saranac Partners Ltd’s investment portfolio, making the stock its 28th biggest position. Saranac Partners Ltd’s holdings in Trimble were worth $4,737,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of Trimble in the 4th quarter worth approximately $211,000. Empowered Funds LLC raised its holdings in Trimble by 9.5% during 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 during the period. Woodline Partners LP boosted its stake in Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after buying an additional 6,100 shares during the period. Sivia Capital Partners LLC bought a new position in Trimble during the second quarter valued at $208,000. Finally, Marshall Wace LLP increased its position in Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock valued at $8,624,000 after acquiring an additional 27,374 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Trading Down 0.8%

NASDAQ TRMB opened at $54.56 on Wednesday. The stock has a market cap of $12.72 billion, a PE ratio of 28.72, a PEG ratio of 1.84 and a beta of 1.45. Trimble Inc. has a 12 month low of $54.22 and a 12 month high of $87.50. The company’s 50-day moving average price is $64.76 and its 200-day moving average price is $71.59. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The company 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 quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Equities research analysts forecast that Trimble Inc. will post 2.99 earnings per share for the current year.

Insider Activity at Trimble

In other Trimble news, VP Mark David Schwartz sold 16,725 shares of the firm’s stock in a transaction 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 directly owned 19,668 shares in the company, valued at $1,317,952.68. This trade represents a 45.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 Trimble stock in a transaction 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 sale, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. 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 three months, insiders sold 31,725 shares of company stock worth $2,151,167. 0.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TRMB shares. Oppenheimer lowered their target price on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Robert W. Baird decreased their price objective on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Piper Sandler dropped their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

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.