Bank of Nova Scotia Purchases New Shares in Trimble Inc. $TRMB

Bank of Nova Scotia purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 77,151 shares of the scientific and technical instruments company's stock, valued at approximately $3,949,000.

A number of other hedge funds have also recently added to or reduced their stakes in TRMB. Rothschild Investment LLC boosted its stake in Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Trimble during the 2nd quarter valued at $25,000. DV Equities LLC bought a new stake in shares of Trimble during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Trimble in the 4th quarter valued at $27,000. Finally, Quarry LP boosted its position in shares of Trimble by 175.8% in the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

Insiders Place Their Bets

In other news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, the director directly owned 17,426 shares of the company's stock, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRMB. Piper Sandler restated an "overweight" rating and set a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. Sanford C. Bernstein lowered their price target on Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a research note on Thursday, August 13th. Barclays increased their price target on shares of Trimble from $79.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Oppenheimer reissued an "outperform" rating and set a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Nine investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.78.

Trimble Stock Down 2.0%

Shares of Trimble stock opened at $59.43 on Wednesday. The business's 50 day simple moving average is $54.44 and its 200 day simple moving average is $60.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. The firm has a market cap of $13.86 billion, a PE ratio of -121.28, a P/E/G ratio of 1.97 and a beta of 1.37. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42.

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 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 company had revenue of $972.00 million during the quarter, compared to analysts' expectations of $952.09 million. During the same quarter last year, the company earned $0.71 EPS. Trimble's revenue for the quarter 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. On average, analysts predict that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Trimble 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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