BlackRock Inc. purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,420,556 shares of the scientific and technical instruments company's stock, valued at approximately $1,096,304,000. BlackRock Inc. owned about 9.19% of Trimble at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in TRMB. Assenagon Asset Management S.A. boosted its holdings in Trimble by 29.4% during the second 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 purchasing an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in shares of Trimble by 90.8% in 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 lifted its stake in Trimble by 60.0% in the fourth 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 during the last quarter. Sivia Capital Partners LLC bought a new position in Trimble during the second quarter valued at $208,000. Finally, National Pension Service increased 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 worth $4,476,000 after buying an additional 18,897 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Kaigham Gabriel sold 1,718 shares of the company'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 transaction, the director directly owned 17,426 shares of the company's stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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.
Trimble Price Performance
Shares of Trimble stock opened at $60.25 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a fifty day moving average of $54.06 and a 200-day moving average of $60.17. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of -122.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37.
Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. 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 expect that Trimble Inc. will post 3.01 EPS for the current year.
Analyst Ratings Changes
Several analysts have issued reports on the company. Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Raymond James Financial cut shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company cut 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. Finally, Oppenheimer reiterated an "outperform" rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.78.
View Our Latest Stock Report on TRMB
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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