Trimble (TRMB)
Market Price (8/19/2026): $57.75 | Market Cap: $13.5 BilInvestor Relations Sector: Information Technology | Industry: Application Software
Trimble (TRMB)
Market Price (8/19/2026): $57.75Market Cap: $13.5 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% Attractive yieldFCF Yield is 5.8% Stock buyback supportStock Buyback 3Y Total is 1.5 Bil Low stock price volatilityVol 12M is 32% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Future of Freight. Themes include Building Management Systems, IoT for Buildings, Show more. | Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -70% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 175x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3% Key risksTRMB key risks include [1] significant internal control and regulatory compliance deficiencies that have led to delayed financial reporting and threatened its Nasdaq listing. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Attractive yieldFCF Yield is 5.8% |
| Stock buyback supportStock Buyback 3Y Total is 1.5 Bil |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Future of Freight. Themes include Building Management Systems, IoT for Buildings, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -70% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 175x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3% |
| Key risksTRMB key risks include [1] significant internal control and regulatory compliance deficiencies that have led to delayed financial reporting and threatened its Nasdaq listing. |
Qualitative Assessment
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Trimble (TRMB) stock has lost about 15% since 4/30/2026 because of the following key factors:
1. Significant Goodwill Impairment in Fiscal Q2 2026.
Trimble reported a substantial GAAP net loss of $(2.02) per diluted share for fiscal Q2 2026 (period ending July 2, 2026), primarily due to a $562.0 million goodwill impairment charge recorded in its Transportation and Logistics segment. This large, company-specific non-cash charge significantly impacted reported profitability and investor sentiment despite otherwise strong operational performance.
2. Numerous Analyst Downgrades and Price Target Reductions.
Several financial analysts lowered their ratings and price targets for Trimble stock during the specified period. For example, Wells Fargo & Company reduced its price objective from $70.00 to $61.00 on July 14, 2026, and JPMorgan Chase & Co. cut its target from $88.00 to $75.00 on July 13, 2026. Raymond James also downgraded the stock from "Outperform" to "Market Perform" on July 22, 2026. These downward revisions signaled a deteriorating outlook and contributed to investor caution.
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Trimble (TRMB) stock has lost about 15% since 4/30/2026 because of the following key factors:
1. Significant Goodwill Impairment in Fiscal Q2 2026.
Trimble reported a substantial GAAP net loss of $(2.02) per diluted share for fiscal Q2 2026 (period ending July 2, 2026), primarily due to a $562.0 million goodwill impairment charge recorded in its Transportation and Logistics segment. This large, company-specific non-cash charge significantly impacted reported profitability and investor sentiment despite otherwise strong operational performance.
2. Numerous Analyst Downgrades and Price Target Reductions.
Several financial analysts lowered their ratings and price targets for Trimble stock during the specified period. For example, Wells Fargo & Company reduced its price objective from $70.00 to $61.00 on July 14, 2026, and JPMorgan Chase & Co. cut its target from $88.00 to $75.00 on July 13, 2026. Raymond James also downgraded the stock from "Outperform" to "Market Perform" on July 22, 2026. These downward revisions signaled a deteriorating outlook and contributed to investor caution.
3. Investor Apprehension Despite Strong Non-GAAP Fiscal Q2 Performance.
Despite Trimble beating non-GAAP EPS estimates by $0.06 ($0.86 reported vs. $0.80 consensus) and exceeding revenue expectations with $972 million for fiscal Q2 2026, the stock still declined approximately 2.04% in premarket trading on August 12, 2026. This indicates that even positive operational results were not enough to outweigh underlying investor concerns, likely exacerbated by the GAAP net loss from the goodwill impairment and near-term execution risks.
4. Broader Market Rotation Away from Growth/Tech.
Macroeconomic factors, including a general market rotation, contributed to the stock's weakness. In July and August 2026, investors showed a tendency to shift away from growth and technology stocks towards value and rate-sensitive sectors, impacting the broader tech market where Trimble operates. This sentiment, coupled with potential concerns about a deceleration in global construction demand, created headwinds for Trimble's stock performance.
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Stock Movement Drivers
Fundamental Drivers
The -15.3% change in TRMB stock from 4/30/2026 to 8/18/2026 was primarily driven by a -21.1% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 67.32 | 56.99 | -15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,587 | 3,783 | 5.5% |
| P/S Multiple | 4.4 | 3.5 | -21.1% |
| Shares Outstanding (Mil) | 237 | 233 | 1.8% |
| Cumulative Contribution | -15.3% |
Market Drivers
4/30/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| TRMB | -15.3% | |
| Market (SPY) | 6.8% | 15.5% |
| Sector (XLK) | 16.4% | -4.6% |
Fundamental Drivers
The -15.7% change in TRMB stock from 1/31/2026 to 8/18/2026 was primarily driven by a -21.5% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 67.60 | 56.99 | -15.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,601 | 3,783 | 5.1% |
| P/S Multiple | 4.5 | 3.5 | -21.5% |
| Shares Outstanding (Mil) | 238 | 233 | 2.2% |
| Cumulative Contribution | -15.7% |
Market Drivers
1/31/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| TRMB | -15.7% | |
| Market (SPY) | 11.2% | 34.3% |
| Sector (XLK) | 29.2% | 16.0% |
Fundamental Drivers
The -32.1% change in TRMB stock from 7/31/2025 to 8/18/2026 was primarily driven by a -38.6% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.89 | 56.99 | -32.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,571 | 3,783 | 5.9% |
| P/S Multiple | 5.7 | 3.5 | -38.6% |
| Shares Outstanding (Mil) | 243 | 233 | 4.4% |
| Cumulative Contribution | -32.1% |
Market Drivers
7/31/2025 to 8/18/2026| Return | Correlation | |
|---|---|---|
| TRMB | -32.1% | |
| Market (SPY) | 22.4% | 48.1% |
| Sector (XLK) | 41.9% | 30.8% |
Fundamental Drivers
The 5.9% change in TRMB stock from 7/31/2023 to 8/18/2026 was primarily driven by a 6.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312023 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.80 | 56.99 | 5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,598 | 3,783 | 5.1% |
| P/S Multiple | 3.7 | 3.5 | -5.0% |
| Shares Outstanding (Mil) | 247 | 233 | 6.1% |
| Cumulative Contribution | 5.9% |
Market Drivers
7/31/2023 to 8/18/2026| Return | Correlation | |
|---|---|---|
| TRMB | 5.9% | |
| Market (SPY) | 73.6% | 59.4% |
| Sector (XLK) | 112.1% | 46.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRMB Return | 31% | -42% | 5% | 33% | 11% | -29% | -17% |
| Peers Return | 11% | -31% | 62% | 20% | -10% | 5% | 41% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| TRMB Win Rate | 67% | 33% | 50% | 50% | 50% | 25% | |
| Peers Win Rate | 67% | 33% | 68% | 58% | 48% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TRMB Max Drawdown | -16% | -44% | -34% | -23% | -29% | -40% | |
| Peers Max Drawdown | -26% | -44% | -16% | -20% | -32% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, BSY, IOT, ROP, GRMN. See TRMB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/18/2026 (YTD)
How Low Can It Go
| Event | TRMB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.1% | -18.8% |
| % Gain to Breakeven | 37.1% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.1% | -9.5% |
| % Gain to Breakeven | 31.8% | 10.5% |
| Time to Breakeven | 91 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.3% | -6.7% |
| % Gain to Breakeven | 22.3% | 7.1% |
| Time to Breakeven | 295 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.6% | -33.7% |
| % Gain to Breakeven | 115.6% | 50.9% |
| Time to Breakeven | 141 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.9% | -19.2% |
| % Gain to Breakeven | 42.7% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.0% | -3.7% |
| % Gain to Breakeven | 12.4% | 3.9% |
| Time to Breakeven | 11 days | 6 days |
In The Past
Trimble's stock fell -27.1% during the 2025 US Tariff Shock. Such a loss loss requires a 37.1% gain to breakeven.
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Asset Allocation
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| Event | TRMB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.1% | -18.8% |
| % Gain to Breakeven | 37.1% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.1% | -9.5% |
| % Gain to Breakeven | 31.8% | 10.5% |
| Time to Breakeven | 91 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.6% | -33.7% |
| % Gain to Breakeven | 115.6% | 50.9% |
| Time to Breakeven | 141 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.9% | -19.2% |
| % Gain to Breakeven | 42.7% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.4% | -12.2% |
| % Gain to Breakeven | 25.6% | 13.9% |
| Time to Breakeven | 32 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -51.5% | -6.8% |
| % Gain to Breakeven | 106.3% | 7.3% |
| Time to Breakeven | 578 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -61.6% | -53.4% |
| % Gain to Breakeven | 160.5% | 114.4% |
| Time to Breakeven | 416 days | 1085 days |
In The Past
Trimble's stock fell -27.1% during the 2025 US Tariff Shock. Such a loss loss requires a 37.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Trimble (TRMB)
Trimble Inc. (TRMB) is a technology company that develops and provides specialized hardware, software, and services designed to improve productivity and efficiency for professionals and field mobile workers across various industries globally. The company's core expertise lies in leveraging advanced positioning technologies, such as GPS, alongside sophisticated data analytics, 3D modeling, and automation to help clients make better decisions, optimize operations, and streamline workflows.
Trimble's diverse offerings are organized into several key segments. Its Buildings and Infrastructure segment provides comprehensive software for 3D design, construction equipment guidance, project management, and cost estimation for the construction and infrastructure industries. The Geospatial segment caters to surveyors and mapping professionals with precise surveying tools and geographic information systems. For the agriculture sector, the Resources and Utilities segment offers precision agriculture solutions, including autonomous steering, guidance systems, and software to optimize farming practices, alongside water management solutions for utilities.
Additionally, Trimble's Transportation segment focuses on solutions for the long-haul trucking and freight shipping markets. This includes mobility solutions for route management, safety and compliance, end-to-end vehicle management, and supply chain communications. The segment also provides comprehensive fleet and transportation management systems that incorporate analytics, routing, and predictive modeling to enhance logistics and operational efficiency for transport providers worldwide.
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- Construction Software & Hardware: A suite of software for design, project management, cost estimation, and hardware for equipment guidance, site layout, and asset tracking in the buildings and infrastructure sector.
- Geospatial Solutions: Products and systems for surveying, geospatial data collection, and geographic information systems.
- Precision Agriculture Technology: Guidance and positioning systems, autonomous steering, automated application solutions, and software for farming operations.
- Transportation & Logistics Solutions: Fleet and transportation management systems, mobility solutions, route optimization, and compliance tools for long-haul trucking and freight.
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Trimble (TRMB) sells primarily to other companies (B2B). While the provided background information does not list specific customer company names, its major customers can be categorized within the following industries:
- Construction and Infrastructure Firms: This category includes general contractors, specialty contractors, civil engineering firms, architectural firms, and infrastructure owners/operators involved in building design, construction, and managing various infrastructure projects (e.g., roads, bridges, utilities).
- Geospatial and Surveying Professionals: Companies and government agencies engaged in land surveying, mapping, geographic information systems (GIS), and spatial data collection and analysis.
- Agricultural Enterprises: Large farms, agribusinesses, individual farmers, and organizations involved in precision agriculture, crop management, livestock management, and water resource management.
- Transportation and Logistics Companies: Long-haul trucking companies, freight shippers, fleet operators, and logistics providers that manage vehicle fleets, routes, safety, compliance, and supply chain communications.
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Robert G. Painter, President and Chief Executive Officer
Robert G. Painter was appointed President and Chief Executive Officer of Trimble in January 2020. Prior to this role, he served as the company's Chief Financial Officer from 2016 to 2019. He joined Trimble in 2006 and has held various leadership positions, including corporate development, corporate strategy, General Manager of Construction Services, General Manager of the Intelligent Construction Tools international joint venture, and Vice President of Trimble Buildings construction software. Before joining Trimble, Mr. Painter held management and finance positions at companies such as Cenveo, Rapt Inc., Bain & Company, Whole Foods Market, and Kraft Foods. He holds a Bachelor of Science degree in Finance from West Virginia University and an MBA from Harvard University. Mr. Painter was appointed to the Synopsys Board of Directors in August 2023.
Phillip Sawarynski, Chief Financial Officer
Phillip Sawarynski was named Chief Financial Officer of Trimble, effective May 2024. He joined Trimble in 2009 and has held various leadership roles, including head of finance for the Agriculture, Geospatial, Transportation, and Asset Management sectors. During his tenure, he also led the Optical and Imaging business in the Geospatial sector. Prior to Trimble, Mr. Sawarynski served as CFO and VP of National Accounts at Nexus Corporation, a greenhouse engineering, manufacturing, and construction company. He also held various finance and engineering roles at Ford Motor Company and worked as a manufacturing engineer for International Paper. Mr. Sawarynski holds a Master's of Industrial Administration (MBA) from Carnegie Mellon University and a Bachelor of Science in Chemical Engineering from the University of Michigan–Ann Arbor.
Peter Large, Senior Vice President, Strategy
Peter Large currently serves as Senior Vice President, Strategy, Corporate Development, Corporate Partnerships and Alliances, and the Office of Technology Innovation at Trimble. He rejoined Trimble in December 2020, having previously worked for the company from 1996 to 2014, where he held various general management, marketing, product management, sales, and technical roles, and served as a corporate vice president from 2011. Before rejoining Trimble, he held strategy and operational positions with Boeing Digital Solutions & Analytics and Inmarsat plc/Aviation. Mr. Large's educational background includes a Doctor of Education from Oklahoma State University, an MS in Management from Stanford Graduate School of Business, a Postgraduate Diploma in Strategy & Innovation from the University of Oxford, and a BSc (Hons) in Surveying & Mapping Science from the University of Newcastle Upon Tyne, U.K. He also serves as a Board Member for the Association of Equipment Manufacturers, Intelligent Construction Tools, LLC, Caterpillar Trimble Control Technologies LLC, and Flyht Aerospace Solutions Ltd.
Jennifer Allison, Corporate Vice President, General Counsel
Jennifer Allison became Trimble's General Counsel and Corporate Secretary in April 2023. She previously served as Vice President & General Counsel for Trimble's Construction Sector starting in July 2018. Prior to joining Trimble, Ms. Allison served as General Counsel to Viewpoint, Inc. Her past experience also includes serving as General Counsel at Tripwire, and Assistant General Counsel, Director of Human Resources and Corporate Compliance for EthicsPoint (now NAVEX Global). She also clerked for the Oregon Supreme Court. Ms. Allison holds a Bachelor's degree in English Literature from Portland State University and a JD from Lewis & Clark Law School.
Ronald Bisio, Senior Vice President, Field Systems
Ronald Bisio serves as Senior Vice President of Trimble Field Systems, with responsibility for advanced positioning & automotive, agriculture, civil & marine construction, defense, and geospatial business units. He joined Trimble in 1996 and has held various marketing, sales, and general management positions. Before his current role, he was the senior vice president responsible for Trimble's Surveying and Geospatial businesses, a position he assumed in February 2019, after serving as vice president since April 2015. From January 2011 to April 2015, he was the general manager for Trimble's Rail business. Mr. Bisio holds a Master of Business Administration from the University of Denver, a Master of Regional Planning from the University of Massachusetts, and a Bachelor of Science degree in Cartography from Salem State University. He has also served as a board member for Caterpillar Trimble Control Technologies LLC and Nikon-Trimble.
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Key risks to Trimble's business include:
- Macroeconomic Environment and Cyclicality of End Markets: Trimble's customers, primarily in heavy construction, agriculture, and logistics, operate capital-intensive businesses. As such, they are highly sensitive to macroeconomic factors such as fluctuating interest rates, geopolitical instability, and economic downturns, which can directly impact their purchasing power for Trimble's products and services. This risk is particularly pronounced for hardware sales, which tend to be cyclical.
- Pace of Business Model Transition and Integration Challenges: Trimble is strategically shifting from a hardware-centric model to a higher-margin, recurring revenue software and subscription model ("Connect & Scale" strategy). However, a slower-than-anticipated adoption or migration from hardware to subscription services by customers could impede total revenue growth. Furthermore, the company faces inherent complexities in integrating its diverse product lines, customer bases, and numerous acquisitions and divestitures, which can strain resources and affect operational efficiency.
- Internal Control Weaknesses: Trimble has reported material weaknesses in its internal controls over financial reporting. These deficiencies have previously led to delays in SEC filings and temporarily restricted the company's ability to use Form S-3, potentially impacting future capital-raising efforts. While the company is actively working on remediation, these issues can raise questions about the reliability of its financial processes and divert management attention from core strategic initiatives.
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Major agricultural equipment manufacturers (such as John Deere, CNH Industrial, and AGCO) are increasingly developing and integrating their own proprietary precision agriculture technology, including guidance systems, autonomous steering, variable-rate application, and comprehensive data management platforms. This trend toward vertical integration and closed ecosystems by OEMs could marginalize third-party technology providers like Trimble, as farmers may opt for unified, manufacturer-provided solutions that are tightly integrated with their machinery, potentially reducing the market for Trimble's historically strong independent offerings in this segment.
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Trimble Inc. operates in several large addressable markets globally, encompassing its diverse technology solutions across the construction, geospatial, agriculture, and transportation sectors.
Buildings and Infrastructure
- Building Information Modeling (BIM) Software: The global building information modeling market was valued at approximately USD 7.9 billion in 2022 and is projected to reach USD 34.2 billion by 2032. Other estimates place the global BIM market at USD 8.53 billion in 2024, growing to USD 23.74 billion by 2033, or USD 9.8 billion in 2024, expecting to reach USD 29.9 billion by 2033.
- Construction Software (broader): The global construction and design software market was estimated at USD 10,964.8 million in 2024 and is projected to reach USD 19,116.7 million by 2030. Another report valued the global construction software market at USD 10.76 billion in 2025, with a projection to reach USD 24.72 billion by 2034. The construction management software market alone was valued at USD 6.3 billion in 2023 and is anticipated to grow to USD 10 billion by 2032.
Geospatial
- Geospatial Solutions Market: The global geospatial market size was estimated at USD 452 billion in 2022 and is forecasted to reach USD 1.44 trillion by 2030. Similarly, the global geospatial solutions market size was estimated at USD 385.49 billion in 2023 and is projected to reach USD 990.79 billion by 2030. Within this, the global geospatial analytics market was valued at USD 92.19 billion in 2024 and is expected to reach USD 338.78 billion by 2034.
- Land Survey Equipment: The global land survey equipment market was valued at USD 10 billion in 2022 and is projected to reach USD 17.2 billion by 2032. Other data indicates the global surveying equipment market was approximately USD 7.5 billion in 2023, with a projection to reach around USD 12.3 billion by 2032.
Resources and Utilities
- Precision Agriculture: The global precision farming market size is estimated at USD 14.18 billion in 2025 and is predicted to increase to approximately USD 48.36 billion by 2035. Another source valued the global precision agriculture market at approximately USD 10.43 billion in 2023.
Transportation
- Fleet Management Systems: The global fleet management system market reached USD 28.8 billion in 2024 and is expected to reach USD 61.0 billion by 2033. Another report estimated the global fleet management market at USD 27 billion in 2025, with a projected growth to USD 122.3 billion by 2035.
- Transportation Management Systems (TMS): The global transportation management system market size was estimated at USD 18.56 billion in 2025 and is projected to reach USD 68.36 billion by 2033. Other reports valued the global TMS market at USD 16.69 billion in 2025, anticipating it to reach around USD 47.97 billion by 2035.
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Trimble Inc. (symbol: TRMB) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Transition to a Software-Centric and Recurring Revenue Model: Trimble is actively shifting from a hardware-focused business to one centered on high-margin software solutions and a subscription-based model. This strategy, often referred to as 'Connect & Scale,' aims to boost profitability and create more predictable revenue streams. The company has demonstrated strong growth in Annualized Recurring Revenue (ARR), with recurring revenue streams representing a significant portion of its total revenue.
- Expansion and Innovation in the AECO (Architecture, Engineering, Construction, and Owners) Sector: The AECO segment is a major focus for Trimble and is consistently highlighted as a significant growth driver. The company is enhancing its SaaS offerings and construction project management tools, with strong performance and new product launches in this area. Trimble Construction One (TC1) is a key platform facilitating this growth.
- Integration and Adoption of Artificial Intelligence (AI): Trimble is investing heavily in embedding AI into its solutions to enhance productivity, automate customer workflows, and provide a competitive advantage across its various segments. This includes the development of an agentic AI platform and new AI features in products like Trimble SketchUp and Tekla Structures User Assistant.
- Geographic Expansion and Leveraging Cross-selling and Upselling Opportunities: The company plans to expand its market presence geographically and capitalize on opportunities to cross-sell and upsell its comprehensive portfolio of solutions to existing and new customers. The large, underpenetrated addressable market further supports this growth driver.
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Share Repurchases
- Trimble's Board of Directors authorized a new $1 billion share repurchase program in December 2025, which replaced a previous authorization that had $273 million remaining as of the end of the third quarter of 2025.
- In 2025, the company repurchased approximately 12.2 million shares totaling $875.4 million.
- As of the third quarter of 2025 year-to-date, Trimble had bought back $727.4 million in shares.
Share Issuance
- The issuance of common stock, net of tax withholdings, resulted in $0.6 million in 2025 and a net outflow of $6.5 million in 2024.
- Trimble's diluted average shares outstanding have generally decreased from 2021 to 2025, reaching $247.2 million in January 2025 and $242.0 million for the full year 2025.
Outbound Investments
- Trimble sold its global transportation telematics business units to Platform Science in September 2024, a transaction that was completed in February 2025.
- In September 2023, Trimble contributed its agriculture business (excluding GNSS and guidance technologies) to a new joint venture, PTx Trimble, with AGCO Corporation acquiring an 85% stake and Trimble retaining a 15% stake.
- Trimble established Trimble Ventures in 2021, a strategic venture fund intending to invest up to $200 million in early- to growth-stage companies to accelerate innovation.
Inbound Investments
- As part of the sale of its global transportation telematics business units, Trimble acquired a 32.5% equity stake in Platform Science, valued at approximately $253.9 million as of February 2026.
Capital Expenditures
- Capital expenditures, specifically purchases of property and equipment, were ($25.3) million in 2025 and ($33.6) million in 2024.
- The company's core business generates sufficient cash flow to cover its operations and modest capital expenditures.
Peer Outperformance in Application Software
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| TRMB | Trimble | 1.3% | -126.8x | -31.2% | 8.0% | -35.9% | — |
| MSTR | Strategy | 0.0% | -1.1x | -74.6% | 181.5% | 36.8% | +73pp |
| DBX | Dropbox | 1.5% | 17.2x | 21.4% | 26.7% | 12.4% | +48pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 63.0% | 232.6% | 377.6% | FLEX 833% · TTMI 790% · JBL 490% |
| Semiconductor Materials & Equipment | 27 | 171.1% | 95.9% | 144.1% | AEHR 2145% · AXTI 868% · KLAC 534% |
| Technology Distributors | 9 | 22.5% | 65.8% | 83.5% | CLMB 335% · AVT 170% · SNX 125% |
| Electronic Components | 26 | 59.4% | 72.0% | 70.7% | CLS 3474% · BELFA 1463% · LPTH 665% |
| Communications Equipment | 35 | 39.3% | 83.3% | 54.3% | AAOI 1915% · LITE 928% · FEIM 838% |
| Semiconductors | 54 | 32.6% | 44.0% | 41.2% | POET 1982% · MU 1273% · NVDA 1014% |
| Technology Hardware, Storage & Peripherals | 22 | 34.8% | 83.7% | 31.3% | STX 1090% · WDC 1019% · SMCI 976% |
| Internet Services & Infrastructure | 6 | 11.8% | 38.0% | 20.8% | DOCN 144% · GDDY 36% · VRSN 32% |
| Electronic Equipment & Instruments | 27 | 0.2% | 11.1% | -4.3% | PI 250% · NSSC 132% · SOTK 128% |
| IT Consulting & Other Services | 28 | -26.4% | -11.3% | -20.9% | CHRN 619111% · APLD 2492% · TSSI 758% |
| Application Software ← | 122 | -18.9% | -8.0% | -39.2% | VIDA 126567% · PLTR 610% · RDVT 161% |
| Systems Software | 68 | -9.3% | 23.9% | -45.8% | QNC 966% · PANW 519% · PAYS 432% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Trimble stock vs Oracle stock: Which Is A Better Investment? | 08/05/2026 | |
| How Low Can TRMB Really Go In A Market Crash? | 06/05/2026 | |
| Better Bet Than Trimble Stock: CCC, PTC Deliver More | 05/14/2026 | |
| Trimble Stock 7-Day Losing Spree: Stock Falls 20% | 05/14/2026 | |
| Trimble Stock Plummets 18% With 6-Day Losing Streak | 05/13/2026 | |
| Trimble Earnings Notes | 12/27/2025 | |
| Trimble Stock 7-Day Winning Spree: Stock Climbs 6.8% | 12/03/2025 | |
| Trimble Stock On Fire: Up 6.8% With 7-Day Winning Streak | 12/03/2025 | |
| Trimble Stock Surges 6.8%, With A 7-Day Winning Spree | 12/03/2025 | |
| ARTICLES | ||
| S&P 500 Stocks Trading At 52-Week Low | 06/10/2026 | |
| Stocks Trading At 52-Week Low | 06/10/2026 | |
| Why PTC Could Outperform Trimble Stock | 05/14/2026 | |
| Trimble Stock Slides -20% With A 7-Day Losing Spree | 05/14/2026 | |
| Trimble Stock Plummets -18% With 6-Day Losing Streak | 05/13/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 151.89 |
| Mkt Cap | 31.3 |
| Rev LTM | 5,645 |
| Op Inc LTM | 1,348 |
| FCF LTM | 1,186 |
| FCF 3Y Avg | 943 |
| CFO LTM | 1,389 |
| CFO 3Y Avg | 1,085 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.2% |
| Rev Chg 3Y Avg | 13.2% |
| Rev Chg Q | 12.1% |
| QoQ Delta Rev Chg LTM | 2.9% |
| Op Inc Chg LTM | 23.6% |
| Op Inc Chg 3Y Avg | 24.1% |
| Op Mgn LTM | 25.3% |
| Op Mgn 3Y Avg | 23.2% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 29.0% |
| CFO/Rev 3Y Avg | 25.8% |
| FCF/Rev LTM | 25.9% |
| FCF/Rev 3Y Avg | 23.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Field Systems | 1,540 | 1,536 | 1,968 | 2,151 | |
| Architects, Engineers, Construction and Owners (AECO) | 1,499 | 1,359 | 1,110 | 942 | |
| Transportation and Logistics (T&L) | 549 | 789 | 720 | 583 | |
| Buildings and Infrastructure | 1,423 | ||||
| Geospatial | 829 | ||||
| Resources and Utilities | 771 | ||||
| Transportation | 636 | ||||
| Total | 3,587 | 3,683 | 3,799 | 3,676 | 3,659 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Architects, Engineers, Construction and Owners (AECO) | 512 | 464 | 329 | 259 | |
| Field Systems | 478 | 442 | 604 | 656 | |
| Transportation and Logistics (T&L) | 120 | 155 | 118 | 50 | |
| Acquisition / divestiture items | -19 | -82 | -72 | -33 | -22 |
| Restructuring and other costs | -54 | -32 | -50 | -54 | -11 |
| Unallocated general corporate expense | -123 | -124 | -116 | -123 | -106 |
| Stock-based compensation / deferred compensation | -152 | -164 | -151 | -112 | -129 |
| Amortization of purchased intangible assets | -172 | -199 | -212 | -132 | |
| Buildings and Infrastructure | 412 | ||||
| Geospatial | 244 | ||||
| Purchase accounting adjustments | -134 | ||||
| Resources and Utilities | 264 | ||||
| Transportation | 43 | ||||
| Total | 592 | 461 | 449 | 511 | 561 |
| $ Mil | 2000 |
|---|---|
| Engineering & Construction | 34 |
| Fleet and Asset Management | 18 |
| GPS Component Technology | 14 |
| Portfolio Technologies | 13 |
| Agriculture | 6 |
| Total | 86 |
Price Behavior
| Market Price | $56.99 | |
| Market Cap ($ Bil) | 13.4 | |
| First Trading Date | 03/03/1992 | |
| Distance from 52W High | -31.8% | |
| 50 Days | 200 Days | |
| DMA Price | $54.03 | $66.12 |
| DMA Trend | down | down |
| Distance from DMA | 5.5% | -13.8% |
| 3M | 1YR | |
| Volatility | 35.0% | 31.8% |
| Downside Capture | 104.42 | 176.11 |
| Upside Capture | 102.97 | 95.85 |
| Correlation (SPY) | 28.0% | 47.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.42 | 0.41 | 0.22 | 0.77 | 1.15 | 1.22 |
| Up Beta | -4.59 | -1.99 | -2.09 | 0.22 | 0.60 | 1.10 |
| Down Beta | 0.42 | 1.50 | 1.00 | 0.75 | 1.11 | 1.22 |
| Up Capture | 130% | 72% | 12% | 63% | 94% | 163% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 12 | 23 | 30 | 65 | 130 | 405 |
| Down Capture | -28% | 68% | 108% | 122% | 142% | 107% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 10 | 20 | 31 | 59 | 120 | 343 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRMB | |
|---|---|---|---|---|
| TRMB | -30.8% | 31.7% | -1.13 | - |
| Sector ETF (XLK) | 40.5% | 26.0% | 1.27 | 29.5% |
| Equity (SPY) | 20.4% | 12.8% | 1.17 | 46.9% |
| Gold (GLD) | 29.8% | 28.5% | 0.91 | 0.2% |
| Commodities (DBC) | 40.2% | 20.2% | 1.56 | -22.0% |
| Real Estate (VNQ) | 13.1% | 13.9% | 0.65 | 32.0% |
| Bitcoin (BTCUSD) | -45.4% | 42.7% | -1.30 | 27.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRMB | |
|---|---|---|---|---|
| TRMB | -8.7% | 33.3% | -0.22 | - |
| Sector ETF (XLK) | 20.2% | 25.8% | 0.70 | 61.5% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 69.7% |
| Gold (GLD) | 19.8% | 18.6% | 0.87 | 3.3% |
| Commodities (DBC) | 9.8% | 19.6% | 0.39 | 7.0% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 53.2% |
| Bitcoin (BTCUSD) | 7.1% | 52.6% | 0.32 | 31.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRMB | |
|---|---|---|---|---|
| TRMB | 7.4% | 33.7% | 0.30 | - |
| Sector ETF (XLK) | 24.2% | 24.9% | 0.88 | 61.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 67.7% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 3.0% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 19.0% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 51.6% |
| Bitcoin (BTCUSD) | 59.9% | 66.0% | 1.00 | 22.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -2.8% | ||
| 5/6/2026 | -7.2% | -17.3% | -18.5% |
| 2/10/2026 | 2.9% | -1.9% | 1.0% |
| 11/5/2025 | 2.5% | 1.2% | 6.3% |
| 8/6/2025 | 1.7% | 1.1% | -3.6% |
| 5/7/2025 | 4.7% | 12.5% | 12.4% |
| 2/19/2025 | 0.6% | -5.0% | -4.7% |
| 11/6/2024 | 17.9% | 18.2% | 22.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 12 |
| # Negative | 13 | 12 | 12 |
| Median Positive | 3.2% | 2.8% | 7.5% |
| Median Negative | -5.7% | -6.1% | -4.8% |
| Max Positive | 17.9% | 18.2% | 22.4% |
| Max Negative | -13.1% | -17.3% | -18.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -2.8% | ||
| 5/6/2026 | -7.2% | -17.3% | -18.5% |
| 2/10/2026 | 2.9% | -1.9% | 1.0% |
| 11/5/2025 | 2.5% | 1.2% | 6.3% |
| 8/6/2025 | 1.7% | 1.1% | -3.6% |
| 5/7/2025 | 4.7% | 12.5% | 12.4% |
| 2/19/2025 | 0.6% | -5.0% | -4.7% |
| 11/6/2024 | 17.9% | 18.2% | 22.4% |
| 9/16/2024 | -0.2% | 0.3% | 5.7% |
| 5/3/2024 | -6.9% | -5.5% | -9.3% |
| 2/12/2024 | 4.2% | 14.8% | 20.8% |
| 11/1/2023 | -13.1% | -9.9% | -1.5% |
| 8/3/2023 | 3.3% | 1.2% | 1.9% |
| 5/3/2023 | 3.1% | 2.8% | 4.5% |
| 2/8/2023 | -5.7% | -6.7% | -16.6% |
| 11/2/2022 | -10.4% | -8.7% | 2.1% |
| 8/5/2022 | -3.1% | 0.0% | -11.6% |
| 5/5/2022 | -9.6% | -12.0% | -1.9% |
| 2/9/2022 | -0.2% | -4.5% | -7.0% |
| 11/3/2021 | -1.7% | -3.0% | -4.9% |
| 8/4/2021 | 3.1% | 2.7% | 8.8% |
| 5/5/2021 | -6.4% | -9.0% | -1.6% |
| 2/10/2021 | -1.3% | -2.0% | -0.2% |
| 11/4/2020 | 5.3% | 8.2% | 18.8% |
| 8/5/2020 | 6.8% | 7.8% | 10.8% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 12 |
| # Negative | 13 | 12 | 12 |
| Median Positive | 3.2% | 2.8% | 7.5% |
| Median Negative | -5.7% | -6.1% | -4.8% |
| Max Positive | 17.9% | 18.2% | 22.4% |
| Max Negative | -13.1% | -17.3% | -18.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 04/25/2025 | 10-K |
| 09/30/2024 | 01/16/2025 | 10-Q |
| 06/30/2024 | 01/16/2025 | 10-Q |
| 03/31/2024 | 01/16/2025 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 04/25/2025 | 10-K |
| 09/30/2024 | 01/16/2025 | 10-Q |
| 06/30/2024 | 01/16/2025 | 10-Q |
| 03/31/2024 | 01/16/2025 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/04/2019 | 10-Q |
Recent Forward Guidance
Updated 8/13/2026Latest: Q2 2026 Earnings Reported 8/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 953.00 Mil | 965.50 Mil | 978.00 Mil | 1.6% | Higher New | Guidance: 950.50 Mil for Q2 2026 | |
| Q3 2026 GAAP EPS | 0.39 | 0.41 | 0.44 | 3.8% | 1.5% | Higher New | Guidance: 0.4 for Q2 2026 |
| Q3 2026 Non-GAAP EPS | 0.83 | 0.85 | 0.88 | 6.9% | 5.5% | Higher New | Guidance: 0.8 for Q2 2026 |
| 2026 Revenue | 3.90 Bil | 3.92 Bil | 3.95 Bil | 1.3% | Raised | Guidance: 3.88 Bil for 2026 | |
| 2026 GAAP EPS | -0.12 | -0.1 | -0.07 | -104.5% | -222.5% | Lowered | Guidance: 2.13 for 2026 |
| 2026 Non-GAAP EPS | 3.6 | 3.65 | 3.7 | 2.7% | 9.5% | Raised | Guidance: 3.56 for 2026 |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 938.00 Mil | 950.50 Mil | 963.00 Mil | ||||
| Q2 2026 GAAP EPS | 0.38 | 0.4 | 0.42 | ||||
| Q2 2026 Non-GAAP EPS | 0.78 | 0.8 | 0.82 | ||||
| 2026 Revenue | 3.83 Bil | 3.88 Bil | 3.92 Bil | 0.4% | Raised | Guidance: 3.86 Bil for 2026 | |
| 2026 GAAP EPS | 2.05 | 2.13 | 2.21 | -0.2% | Lowered | Guidance: 2.13 for 2026 | |
| 2026 Non-GAAP EPS | 3.47 | 3.56 | 3.64 | 1.0% | Raised | Guidance: 3.52 for 2026 | |
Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 893.00 Mil | 905.50 Mil | 918.00 Mil | -4.4% | Lower New | Actual: 947.00 Mil for Q4 2025 | |
| Q1 2026 GAAP EPS | 0.32 | 0.34 | 0.36 | -46.0% | Lower New | Actual: 0.63 for Q4 2025 | |
| Q1 2026 Non-GAAP EPS | 0.69 | 0.71 | 0.74 | -24.7% | Lower New | Actual: 0.95 for Q4 2025 | |
| 2026 Revenue | 3.81 Bil | 3.86 Bil | 3.91 Bil | 8.3% | Higher New | Actual: 3.56 Bil for 2025 | |
| 2026 GAAP EPS | 2.04 | 2.13 | 2.23 | 23.4% | Higher New | Actual: 1.73 for 2025 | |
| 2026 Non-GAAP EPS | 3.42 | 3.52 | 3.62 | 14.3% | Higher New | Actual: 3.08 for 2025 | |
Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 927.00 Mil | 947.00 Mil | 967.00 Mil | ||||
| Q4 2025 GAAP EPS | 0.59 | 0.63 | 0.67 | ||||
| Q4 2025 Non-GAAP EPS | 0.91 | 0.95 | 0.99 | ||||
| 2025 Revenue | 3.54 Bil | 3.56 Bil | 3.58 Bil | 1.3% | Raised | Guidance: 3.52 Bil for 2025 | |
| 2025 GAAP EPS | 1.69 | 1.73 | 1.77 | 6.5% | Raised | Guidance: 1.62 for 2025 | |
| 2025 Non-GAAP EPS | 3.04 | 3.08 | 3.12 | 3.4% | Raised | Guidance: 2.98 for 2025 | |
Insider Activity
Updated 8/7/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gabriel, Kaigham | Direct | Sell | 8062026 | 60.00 | 1,718 | 103,080 | 1,045,560 | Form | |
| 2 | Schwartz, Mark David | Senior VP, AECO | Direct | Sell | 4172026 | 67.01 | 16,725 | 1,120,742 | 1,317,936 | Form |
| 3 | Painter, Robert G | President & CEO | Direct | Sell | 4162026 | 66.94 | 7,500 | 502,050 | 796,399 | Form |
| 4 | Painter, Robert G | President & CEO | Direct | Sell | 3122026 | 70.45 | 7,500 | 528,375 | 1,366,533 | Form |
| 5 | Dalton, James Calvin | Direct | Sell | 3032026 | 67.02 | 733 | 49,126 | 835,069 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gabriel, Kaigham | Direct | Sell | 8062026 | 60.00 | 1,718 | 103,080 | 1,045,560 | Form | |
| 2 | Schwartz, Mark David | Senior VP, AECO | Direct | Sell | 4172026 | 67.01 | 16,725 | 1,120,742 | 1,317,936 | Form |
| 3 | Painter, Robert G | President & CEO | Direct | Sell | 4162026 | 66.94 | 7,500 | 502,050 | 796,399 | Form |
| 4 | Painter, Robert G | President & CEO | Direct | Sell | 3122026 | 70.45 | 7,500 | 528,375 | 1,366,533 | Form |
| 5 | Dalton, James Calvin | Direct | Sell | 3032026 | 67.02 | 733 | 49,126 | 835,069 | Form | |
| 6 | Painter, Robert G | President & CEO | Direct | Sell | 2122026 | 65.14 | 7,500 | 488,550 | 1,752,084 | Form |
| 7 | Painter, Robert G | President & CEO | Direct | Sell | 1152026 | 80.88 | 7,500 | 606,600 | 2,782,046 | Form |
| 8 | Sawarynski, Phillip | CFO | Direct | Sell | 12182025 | 80.45 | 2,250 | 181,012 | 2,066,242 | Form |
| 9 | Painter, Robert G | President & CEO | Direct | Sell | 12112025 | 81.39 | 7,500 | 610,425 | 3,410,013 | Form |
| 10 | Dalton, James Calvin | Direct | Sell | 12022025 | 81.99 | 616 | 50,506 | 1,081,694 | Form | |
| 11 | Bisio, Ronald | Sr. Vice President | Direct | Sell | 12012025 | 80.87 | 2,500 | 202,175 | 6,987,411 | Form |
| 12 | Schwartz, Mark David | Senior VP, AECO | Direct | Sell | 11192025 | 76.83 | 1,672 | 128,460 | 1,498,850 | Form |
| 13 | Painter, Robert G | President & CEO | Direct | Sell | 11132025 | 79.50 | 7,500 | 596,250 | 6,747,897 | Form |
| 14 | Gabriel, Kaigham | Direct | Sell | 11102025 | 81.00 | 1,718 | 139,158 | 1,228,770 | Form | |
| 15 | Painter, Robert G | President & CEO | Direct | Sell | 10162025 | 75.65 | 7,500 | 567,375 | 6,988,487 | Form |
| 16 | Keating, Christopher F | Sr. VP Transportation | Direct | Sell | 9222025 | 81.74 | 7,365 | 602,015 | 33,181 | Form |
| 17 | Painter, Robert G | President & CEO | Direct | Sell | 9112025 | 81.31 | 7,500 | 609,825 | 8,121,178 | Form |
| 18 | Sawarynski, Phillip | CFO | Direct | Sell | 9112025 | 81.31 | 2,250 | 182,948 | 2,271,277 | Form |
| 19 | Dalton, James Calvin | Direct | Sell | 9022025 | 82.41 | 609 | 50,188 | 1,138,000 | Form | |
| 20 | Large, Peter | Senior Vice President | Direct | Sell | 8292025 | 81.55 | 2,676 | 218,228 | 1,338,684 | Form |
| 21 | Bisio, Ronald | Sr. Vice President | Direct | Sell | 8282025 | 81.55 | 2,500 | 203,875 | 7,250,040 | Form |
| 22 | Painter, Robert G | President & CEO | Direct | Sell | 8142025 | 82.93 | 7,500 | 621,975 | 8,904,957 | Form |
| 23 | Painter, Robert G | President & CEO | Direct | Sell | 8122025 | 82.83 | 115,781 | 9,589,996 | 9,515,302 | Form |
| 24 | Painter, Robert G | President & CEO | Direct | Sell | 8122025 | 84.54 | 93,066 | 7,867,390 | 9,711,382 | Form |
Investor Activity (13F)
Updated Aug 19, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Trimble — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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