Danica Pension Livsforsikringsaktieselskab Makes New Investment in Trimble Inc. $TRMB

Key Points

• Danica Pension acquired 502,817 Trimble shares worth approximately $25.7 million, representing a 0.22% stake. Institutional investors and hedge funds collectively own 93.21% of the company.
• Trimble exceeded quarterly expectations, reporting adjusted EPS of $0.86 versus the $0.80 consensus and revenue of $972 million versus $952.09 million expected. Revenue increased 11% year over year, and the company issued third-quarter EPS guidance of $0.83–$0.88.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $81.67, despite some recent target-price reductions and one downgrade to “Hold.”

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 502,817 shares of the scientific and technical instruments company's stock, valued at approximately $25,734,000. Danica Pension Livsforsikringsaktieselskab owned 0.22% of Trimble at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rothschild Investment LLC grew 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 valued at $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC purchased a new stake in Trimble in the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in Trimble during the fourth quarter worth $27,000. Quarry LP lifted its holdings in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock valued at $30,000 after purchasing an additional 232 shares in the last quarter. Finally, BOKF NA lifted its holdings 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 purchasing an additional 217 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm's stock in a transaction that occurred on 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 directly owned 17,426 shares of the company's stock, valued at $1,045,560. This trade represents a 8.97% decrease in their position. 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. 0.59% of the stock is owned by company insiders.

Trimble Price Performance

Trimble stock opened at $56.99 on Wednesday. The company has a fifty day simple moving average of $53.50 and a 200-day simple moving average of $60.29. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of -116.30, a PEG ratio of 1.91 and a beta of 1.37. 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 52-week low of $47.92 and a 52-week high of $84.42.

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 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 negative net margin of 2.77% and a positive return on equity of 12.29%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $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. On average, equities analysts anticipate that Trimble Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on TRMB shares. Piper Sandler reissued an "overweight" rating and set a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Barclays decreased their price target on shares of Trimble from $103.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on Trimble from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Wall Street Zen cut Trimble from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Wells Fargo & Company decreased their target price on Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.67.

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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