2,200,323 Shares in Trimble Inc. $TRMB Purchased by Legal & General Group Plc

Key Points

• Legal & General Group acquired 2.2 million Trimble shares worth approximately $112.6 million, giving it a 0.94% stake. Institutional investors collectively own 93.21% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings, two Holds and one Sell; Trimble has a consensus rating of Moderate Buy and an average price target of $81.78.
• Trimble exceeded quarterly expectations with $0.86 in earnings per share versus an $0.80 estimate and $972 million in revenue, up 11% year over year. Shares opened at $61.54, near the lower end of their 12-month range.

Legal & General Group Plc bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,200,323 shares of the scientific and technical instruments company's stock, valued at approximately $112,613,000. Legal & General Group Plc owned 0.94% of Trimble as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRMB. Rothschild Investment LLC lifted its holdings in shares of Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 213 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Trimble in the 2nd quarter worth approximately $25,000. DV Equities LLC bought a new position in Trimble in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Trimble during the 4th quarter valued at $27,000. Finally, Vega Investment Solutions bought a new position in shares of Trimble in the second quarter worth $29,000. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Oppenheimer reiterated an "outperform" rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Piper Sandler restated an "overweight" rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Raymond James Financial downgraded shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein cut their price target on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.78.

Trimble Trading Up 3.1%

Shares of TRMB stock opened at $61.54 on Friday. The business has a 50-day moving average price of $54.91 and a two-hundred day moving average price of $59.99. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $14.35 billion, a P/E ratio of -125.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Equities analysts anticipate that Trimble Inc. will post 3.08 EPS for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

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.

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