561,485 Shares in Trimble Inc. $TRMB Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management purchased 561,485 Trimble shares worth approximately $28.7 million, taking a 0.24% stake. Overall, institutional investors own 93.21% of the company.
• Trimble reported quarterly EPS of $0.86, beating estimates of $0.80, while revenue rose 11% year over year to $972 million. The company issued third-quarter EPS guidance of $0.83–$0.88 and full-year guidance of $3.60–$3.70.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an $81.78 target price, despite some downgrades and Trimble shares opening at $59.68—near its 200-day average of $60.17.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 561,485 shares of the scientific and technical instruments company's stock, valued at approximately $28,737,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of Trimble at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Trimble by 29.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company's stock worth $17,795,000 after buying an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions grew its stake in Trimble by 90.8% in 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 purchasing an additional 28,791 shares in the last quarter. Swedbank AB lifted its position in shares of Trimble by 60.0% in the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company's stock worth $39,816,000 after buying an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble in the 2nd quarter worth approximately $208,000. Finally, National Pension Service boosted its stake in Trimble by 49.4% during 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 period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction 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 owned 17,426 shares of the company's stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Wells Fargo & Company decreased their target price on Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Weiss Ratings cut Trimble from a "hold (c-)" rating to a "sell (d)" rating in a report on Thursday, August 13th. Raymond James Financial downgraded Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Finally, Oppenheimer restated an "outperform" rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Nine equities 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 company. Based on data from MarketBeat.com, Trimble has an average rating of "Moderate Buy" and a consensus target price of $81.78.

Trimble Stock Up 0.7%

TRMB opened at $59.68 on Friday. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The business has a 50-day moving average of $53.87 and a 200-day moving average of $60.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The company has a market capitalization of $13.92 billion, a PE ratio of -121.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37.

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 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The business had revenue of $972.00 million during the quarter, compared to analysts' expectations of $952.09 million. During the same quarter in the previous year, the business posted $0.71 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. 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 research analysts forecast that Trimble Inc. will post 3.01 EPS for the current fiscal year.

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.

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