Vanguard Amends Trimble Inc. Stake, Maintains Passive Position

Ticker: TRMB · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Vanguard updated its Trimble Inc. stake, still a big, passive holder.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Trimble Inc. (TRMB) common stock as of December 29, 2023. This filing, Amendment No. 11, updates their previous disclosures, confirming their continued significant, but passive, stake in Trimble. For investors, this means a large institutional holder like Vanguard remains invested, which can be seen as a vote of confidence, but the filing itself doesn't signal any new strategic moves or changes in their investment thesis.

Why It Matters

This filing confirms Vanguard's ongoing significant, yet passive, investment in Trimble Inc., providing transparency on a major institutional holder's position without indicating any active management changes.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not indicate any immediate risk or significant change in the company's outlook.

Analyst Insight

Investors should note that Vanguard's continued passive ownership is a standard institutional holding and doesn't suggest any immediate catalysts or concerns for Trimble Inc. stock. It's a routine disclosure of a large, long-term position.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like The Vanguard Group, is updating its beneficial ownership of a company's securities, in this case, Trimble Inc.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified with IRS Identification No. 23-1945930 and organized in Pennsylvania.

What is the subject company of this filing?

The subject company is Trimble Inc., with CUSIP Number 896239100, and the title of the class of securities is Common Stock.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as stated in the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.

From the Filing

0001104659-24-022133.txt : 20240213 0001104659-24-022133.hdr.sgml : 20240213 20240213171558 ACCESSION NUMBER: 0001104659-24-022133 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRIMBLE INC. CENTRAL INDEX KEY: 0000864749 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 942802192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41460 FILM NUMBER: 24629721 BUSINESS ADDRESS: STREET 1: 10368 WESTMOOR DR CITY: WESTMINSTER STATE: CO ZIP: 80021 BUSINESS PHONE: (720) 887-6100 MAIL ADDRESS: STREET 1: 10368 WESTMOOR DR CITY: WESTMINSTER STATE: CO ZIP: 80021 FORMER COMPANY: FORMER CONFORMED NAME: TRIMBLE NAVIGATION LTD /CA/ DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv02111-trimbleinc.htm SCHEDULE 13G/A trimbleinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  Trimble Inc Title of Class of Securities:  Common Stock CUSIP Number:  896239100 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  896239100 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 304,962 7.  SOLE DISPOSITIVE POWER 28,171,604 8.  SHARED DISPOSITIVE POWER 1,041,999 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,213,603 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.74% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Trimble Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 10368 Westmoor Drive Westminster, CO 80021 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Cl

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