EP Wealth Advisors LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,706 shares of the scientific and technical instruments company's stock, valued at approximately $1,930,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of TRMB. Peapack Gladstone Financial Corp lifted its stake in shares of Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company's stock valued at $381,000 after acquiring an additional 125 shares during the last quarter. Fiduciary Trust Co grew its position in Trimble by 1.9% during the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company's stock worth $675,000 after acquiring an additional 151 shares during the last quarter. Larson Financial Group LLC increased its stake in Trimble by 11.1% in the 3rd quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company's stock worth $126,000 after purchasing an additional 155 shares during the period. Sumitomo Life Insurance Co. increased its stake in Trimble by 0.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company's stock worth $3,098,000 after purchasing an additional 169 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company's stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. 93.21% of the stock is owned by institutional investors.
Insider Transactions at Trimble
In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a document filed 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. Insiders own 0.59% of the company's stock.
Trimble Price Performance
Shares of TRMB stock opened at $60.25 on Friday. The firm has a market cap of $14.05 billion, a P/E ratio of -122.96, a P/E/G ratio of 2.00 and a beta of 1.37. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The business's 50 day moving average price is $54.06 and its 200-day moving average price is $60.17. 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 (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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $972.00 million for the quarter, compared to analysts' expectations of $952.09 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The business's revenue was up 11.0% compared to the same quarter last year. 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 research analysts anticipate that Trimble Inc. will post 3.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TRMB. Barclays raised their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday. Piper Sandler reiterated an "overweight" rating and set a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a research report on Sunday. Weiss Ratings lowered shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a report on Thursday, August 13th. Finally, Raymond James Financial cut shares of Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.78.
View Our Latest Analysis on TRMB
About Trimble
(
Free Report)
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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