California State Teachers Retirement System Buys 13,436,735 Shares of Trimble Inc. $TRMB

Key Points

• California State Teachers Retirement System increased its Trimble stake by 3,136.2%, purchasing 13.4 million additional shares to own 13.9 million shares, or approximately 5.95% of the company, valued at $709.6 million.
• Trimble reported quarterly EPS of $0.86, exceeding the $0.80 consensus estimate, 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.
• Analysts maintain a generally positive view, with nine Buy ratings, two Holds, and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $81.78 versus its recent price of $57.66.

California State Teachers Retirement System raised its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 3,136.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,865,174 shares of the scientific and technical instruments company's stock after buying an additional 13,436,735 shares during the quarter. California State Teachers Retirement System owned about 5.95% of Trimble worth $709,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Rothschild Investment LLC increased its position in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 213 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Trimble in the second quarter valued at about $25,000. DV Equities LLC bought a new stake in shares of Trimble in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Trimble during the 4th quarter valued at about $27,000. Finally, Vega Investment Solutions acquired a new position in shares of Trimble in the 2nd quarter valued at approximately $29,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of Trimble stock opened at $57.66 on Monday. The stock has a market cap of $13.45 billion, a P/E ratio of -117.67, a P/E/G ratio of 1.87 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The business's 50 day moving average is $56.70 and its 200-day moving average is $59.40.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 2.77% and a positive return on equity of 12.29%. The firm had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company'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 predict that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TRMB shares. Piper Sandler restated an "overweight" rating and set a $87.00 price objective on shares of Trimble in a report on Thursday, August 13th. Oppenheimer restated an "outperform" rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Weiss Ratings cut Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Raymond James Financial cut Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.78.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of Trimble 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 completion of the transaction, the director directly owned 17,426 shares of the company's stock, valued at $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Trimble Company Profile

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company's products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.

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