Cornerstone Capital Inc. Invests $12.17 Million in Trimble Inc. $TRMB

Key Points

• Cornerstone Capital acquired 237,852 Trimble shares worth approximately $12.17 million in the second quarter, representing about 0.10% of the company. Institutional investors collectively own 93.21% of Trimble.
• 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 guided for third-quarter EPS of $0.83–$0.88 and full-year EPS of $3.60–$3.70.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an $81.67 target price, although several firms recently downgraded the stock or reduced their targets. Trimble shares opened at $57.60, well below their 52-week high of $84.42.

Cornerstone Capital Inc. bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 237,852 shares of the scientific and technical instruments company's stock, valued at approximately $12,173,000. Cornerstone Capital Inc. owned approximately 0.10% of Trimble as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TRMB. Rothschild Investment LLC boosted its holdings 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 worth $25,000 after purchasing an additional 213 shares in the last quarter. DV Equities LLC bought a new stake in Trimble in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in Trimble in the fourth quarter worth approximately $27,000. Quarry LP boosted its stake in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock worth $30,000 after buying an additional 232 shares in the last quarter. Finally, BOKF NA grew its position in Trimble by 103.8% during the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business's 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 owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TRMB shares. Weiss Ratings lowered shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a report on Thursday. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 target price on shares of Trimble in a report on Thursday. Raymond James Financial cut shares of Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research report on Saturday. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.67.

Trimble Stock Performance

NASDAQ:TRMB opened at $57.60 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 0.95. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The firm has a market cap of $13.43 billion, a PE ratio of -117.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The business has a 50 day moving average price of $53.38 and a 200-day moving average price of $60.56.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results 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. 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 the consensus estimate of $952.09 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm's revenue for the quarter 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. Equities research analysts predict that Trimble Inc. will post 3.01 earnings per share for the current year.

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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