Bank of New York Mellon Corp bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,157,234 shares of the scientific and technical instruments company's stock, valued at approximately $59,227,000. Bank of New York Mellon Corp owned about 0.50% of Trimble as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Trimble by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company's stock worth $2,395,181,000 after buying an additional 304,461 shares during the period. State Street Corp raised its holdings in shares of Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company's stock valued at $894,183,000 after buying an additional 43,285 shares during the last quarter. Geode Capital Management LLC lifted its position in Trimble by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company's stock worth $492,426,000 after acquiring an additional 55,073 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Trimble by 126.0% during the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company's stock worth $485,747,000 after purchasing an additional 3,455,949 shares during the period. Finally, Invesco Ltd. boosted its holdings in Trimble by 0.3% during the fourth quarter. Invesco Ltd. now owns 4,169,491 shares of the scientific and technical instruments company's stock worth $326,680,000 after buying an additional 12,519 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on TRMB. Weiss Ratings downgraded shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday, August 13th. Barclays increased their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Oppenheimer reaffirmed an "outperform" rating and set a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Finally, Sanford C. Bernstein reduced their price objective on Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Nine 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 stock. According to data from MarketBeat.com, Trimble currently has an average rating of "Moderate Buy" and an average price target of $81.78.
View Our Latest Report on Trimble
Insider Activity
In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble 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 approximately $1,045,560. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.
Trimble Trading Up 0.4%
NASDAQ TRMB opened at $59.68 on Thursday. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. 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 $13.92 billion, a PE ratio of -121.79, a P/E/G ratio of 1.93 and a beta of 1.37. The stock has a 50-day simple moving average of $54.66 and a 200 day simple moving average of $60.02.
Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same period last year, the business posted $0.71 earnings per share. The firm's quarterly revenue 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. Research analysts forecast that Trimble Inc. will post 3.08 EPS for the current year.
Trimble Company Profile
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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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