Clear Harbor Asset Management LLC Makes New $12.13 Million Investment in Trimble Inc. $TRMB

Key Points

• Clear Harbor Asset Management initiated a $12.13 million Trimble position, purchasing 237,109 shares and making the stock 0.7% of its portfolio. Institutional investors and hedge funds collectively own 93.21% of Trimble.
• Trimble beat quarterly expectations with $0.86 EPS versus the $0.80 consensus and $972 million in revenue, up 11% year over year. The company issued full-year 2026 EPS guidance of $3.60–$3.70.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $81.78, although ratings range from Sell to Overweight. A director also sold 1,718 shares under a pre-arranged Rule 10b5-1 plan.

Clear Harbor Asset Management LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 237,109 shares of the scientific and technical instruments company's stock, valued at approximately $12,135,000. Trimble accounts for 0.7% of Clear Harbor Asset Management LLC's portfolio, making the stock its 25th biggest position. Clear Harbor Asset Management LLC owned 0.10% of Trimble as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC raised its stake in Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 213 shares in the last quarter. DV Equities LLC bought a new position in shares of Trimble during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Trimble during the fourth quarter worth approximately $27,000. Quarry LP boosted its stake in shares of Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock valued at $30,000 after buying an additional 232 shares during the period. Finally, BOKF NA boosted its stake in shares of Trimble by 103.8% in the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company's stock valued at $33,000 after buying an additional 217 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Stock Performance

Shares of NASDAQ:TRMB opened at $60.25 on Friday. The company's 50 day simple moving average is $54.06 and its 200 day simple moving average is $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 2.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble Inc. has a 1 year low of $47.92 and a 1 year 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 EPS for the quarter, beating 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 business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the previous year, the business earned $0.71 earnings per share. The company's 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. As a group, research analysts predict that Trimble Inc. will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TRMB. Weiss Ratings lowered Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Oppenheimer reissued an "outperform" rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Barclays raised their price target on Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target on Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.78.

About Trimble

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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