B. Metzler seel. Sohn & Co. AG bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,499 shares of the scientific and technical instruments company's stock, valued at approximately $1,254,000.
Several other hedge funds have also modified their holdings of TRMB. Assenagon Asset Management S.A. lifted 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 valued at $17,795,000 after acquiring an additional 79,069 shares in the last quarter. ABN Amro Investment Solutions boosted its position in Trimble by 90.8% during the 4th 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 during the period. Swedbank AB increased its holdings in Trimble by 60.0% in the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company's stock valued at $39,816,000 after purchasing an additional 190,638 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Trimble in the 2nd quarter valued at $208,000. Finally, National Pension Service raised its position in Trimble by 49.4% in the fourth 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 institutional investors and hedge funds.
Insider Buying and Selling at Trimble
In related news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director owned 17,426 shares of the company's stock, valued at $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Oppenheimer reissued an "outperform" rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. 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 report on Tuesday, July 14th. Sanford C. Bernstein cut their target price on Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their target price on Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.78.
View Our Latest Stock Report on TRMB
Trimble Price Performance
Shares of NASDAQ TRMB opened at $60.25 on Monday. 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 has a market capitalization of $14.05 billion, a price-to-earnings ratio of -122.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. The business has a 50 day simple moving average of $54.06 and a 200-day simple moving average of $60.12.
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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $972.00 million for the quarter, compared to analysts' expectations of $952.09 million. During the same period last year, the business posted $0.71 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, equities research analysts expect that Trimble Inc. will post 3.1 earnings per share for the current year.
About Trimble
(
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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