Canada Pension Plan Investment Board Acquires Shares of 125,700 Trimble Inc. $TRMB

Key Points

• Canada Pension Plan Investment Board acquired 125,700 Trimble shares worth approximately $6.43 million, while institutional investors collectively own 93.21% of the company.
• Trimble beat quarterly earnings and revenue expectations, reporting $0.86 EPS and $972 million in revenue, with revenue up 11% year over year. The company issued third-quarter and full-year 2026 EPS guidance.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $81.78, compared with shares trading near $61.01.

Canada Pension Plan Investment Board bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 125,700 shares of the scientific and technical instruments company's stock, valued at approximately $6,433,000. Canada Pension Plan Investment Board owned approximately 0.05% of Trimble at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in Trimble during the fourth quarter worth $211,000. Empowered Funds LLC raised its holdings in shares of Trimble by 9.5% during the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company's stock worth $461,000 after buying an additional 607 shares in the last quarter. Woodline Partners LP lifted its position in shares of Trimble by 41.6% during the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company's stock worth $1,363,000 after buying an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble during the 2nd quarter worth $208,000. Finally, Marshall Wace LLP boosted its stake in Trimble by 31.8% in the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company's stock valued at $8,624,000 after buying an additional 27,374 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Trading Down 0.9%

Shares of NASDAQ TRMB opened at $61.01 on Friday. The firm has a 50 day moving average price of $55.15 and a two-hundred day moving average price of $59.99. The stock has a market cap of $14.23 billion, a P/E ratio of -124.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. 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 (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Trimble's 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. As a group, equities analysts forecast that Trimble Inc. will post 3.08 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TRMB. Oppenheimer reissued an "outperform" rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Piper Sandler reiterated an "overweight" rating and set a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Sanford C. Bernstein dropped their price objective on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trimble presently has an average rating of "Moderate Buy" and an average price target of $81.78.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.

Trimble Company 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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