Wealthfront Advisers LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,855 shares of the scientific and technical instruments company's stock, valued at approximately $1,323,000.
Several other large investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. increased its stake in shares of Trimble by 29.4% in the second quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company's stock valued at $17,795,000 after buying an additional 79,069 shares during the period. ABN Amro Investment Solutions raised its position in shares of Trimble by 90.8% during the fourth quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company's stock worth $4,741,000 after acquiring an additional 28,791 shares during the last quarter. Swedbank AB lifted its stake in shares of Trimble by 60.0% in the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company's stock worth $39,816,000 after acquiring an additional 190,638 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Trimble in the 2nd quarter worth approximately $208,000. Finally, National Pension Service boosted its stake in shares of Trimble by 49.4% in the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company's stock valued at $4,476,000 after purchasing an additional 18,897 shares during the last quarter. Institutional investors own 93.21% of the company's stock.
Trimble Stock Performance
TRMB opened at $60.25 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The company's fifty day moving average price is $54.06 and its two-hundred day moving average price is $60.17. The company has a market cap of $14.05 billion, a price-to-earnings ratio of -122.96, a PEG ratio of 1.98 and a beta of 1.37. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42.
Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to analysts' expectations of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, analysts expect that Trimble Inc. will post 3.01 EPS for the current fiscal year.
Insider Buying and Selling at Trimble
In other news, Director Kaigham Gabriel sold 1,718 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
TRMB has been the subject of a number of analyst reports. Sanford C. Bernstein lowered their target price 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. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Barclays increased their price target on Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Wells Fargo & Company dropped their price objective on Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Nine equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.78.
Get Our Latest Stock Report on Trimble
Trimble Company Profile
(
Free Report)
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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