Deutsche Bank AG Invests $84.15 Million in Trimble Inc. $TRMB

Deutsche Bank AG acquired a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,644,142 shares of the scientific and technical instruments company's stock, valued at approximately $84,147,000. Deutsche Bank AG owned about 0.71% of Trimble at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC bought a new stake in Trimble during the second quarter worth $35,457,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Trimble during the 2nd quarter worth about $28,737,000. Persistent Asset Partners Ltd acquired a new position in shares of Trimble during the 2nd quarter worth about $73,000. Plato Investment Management Ltd bought a new stake in shares of Trimble in the 2nd quarter valued at about $86,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Trimble in the 2nd quarter valued at about $45,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on TRMB. Wall Street Zen cut Trimble from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. raised their price objective on Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Piper Sandler reiterated an "overweight" rating and set a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Raymond James Financial lowered Trimble from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein dropped their price target on Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.78.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $59.68 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of -121.79, a P/E/G ratio of 1.97 and a beta of 1.37. The stock's fifty day moving average price is $53.87 and its two-hundred day moving average price is $60.17. Trimble Inc. has a one year low of $47.92 and a one year high of $84.42.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The company had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $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 forecast that Trimble Inc. will post 3.01 EPS for the current year.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the company'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 sale, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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