Engineers Gate Manager LP Sells 63,047 Shares of Trimble Inc. $TRMB

Key Points

• Engineers Gate Manager LP cut its Trimble position by 91.9% in the second quarter, selling 63,047 shares and retaining 5,580 shares valued at approximately $286,000. Institutional investors overall own 93.21% of Trimble.
• Trimble exceeded quarterly expectations, reporting $0.86 EPS versus the $0.80 consensus and revenue of $972 million, up 11% year over year. The company issued third-quarter EPS guidance of $0.83–$0.88 and full-year guidance of $3.60–$3.70.
• Analyst sentiment remains generally positive, with nine Buy ratings, two Holds, and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $81.78 versus its reported price of $57.85.

Engineers Gate Manager LP trimmed its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 91.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,580 shares of the scientific and technical instruments company's stock after selling 63,047 shares during the quarter. Engineers Gate Manager LP's holdings in Trimble were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Trimble by 10.3% during the 2nd quarter. IFP Advisors Inc now owns 30,893 shares of the scientific and technical instruments company's stock worth $1,581,000 after buying an additional 2,894 shares in the last quarter. Arizona State Retirement System grew its position in Trimble by 3.7% in the second quarter. Arizona State Retirement System now owns 67,070 shares of the scientific and technical instruments company's stock valued at $3,433,000 after acquiring an additional 2,421 shares during the last quarter. Empirical Finance LLC grew its position in Trimble by 4.2% in the second quarter. Empirical Finance LLC now owns 7,181 shares of the scientific and technical instruments company's stock valued at $368,000 after acquiring an additional 288 shares during the last quarter. Nykredit A S acquired a new position in Trimble during the second quarter worth about $4,604,000. Finally, Saudi Central Bank raised its stake in Trimble by 86.5% during the second quarter. Saudi Central Bank now owns 16,375 shares of the scientific and technical instruments company's stock worth $838,000 after acquiring an additional 7,593 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

TRMB stock opened at $57.85 on Friday. The company has a market capitalization of $13.49 billion, a P/E ratio of -118.06, a PEG ratio of 1.88 and a beta of 1.36. The company has a fifty day moving average price of $57.80 and a 200-day moving average price of $58.73. 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 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 data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.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 prior year, the business posted $0.71 earnings per share. Trimble's quarterly 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, equities analysts expect that Trimble Inc. will post 3.08 EPS for the current year.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRMB. Oppenheimer restated an "outperform" rating and issued a $80.00 price target on shares of Trimble in a research note on Tuesday, July 7th. 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. Weiss Ratings lowered shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday. Finally, JPMorgan Chase & Co. increased their price target on Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.78.

Trimble Profile

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company's products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.

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