Hsbc Holdings PLC Buys 250,963 Shares of Trimble Inc. $TRMB

Key Points

• HSBC increased its Trimble stake by 13.3% in the second quarter, buying 250,963 shares to own 2.13 million shares valued at approximately $109 million. Institutional investors collectively hold 93.21% of TRMB.
• Trimble reported quarterly earnings of $0.86 per share, beating estimates by $0.06, while revenue rose 11% year over year to $972 million. The company issued third-quarter 2026 EPS guidance of $0.83–$0.88.
• Analyst sentiment remains generally positive, with nine Buy ratings, two Holds and one Sell; Trimble has a “Moderate Buy” consensus rating and an average price target of $81.78.

Hsbc Holdings PLC grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,131,439 shares of the scientific and technical instruments company's stock after buying an additional 250,963 shares during the quarter. Hsbc Holdings PLC owned approximately 0.91% of Trimble worth $109,046,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRMB. BlackRock Inc. purchased a new stake in Trimble in the 2nd quarter worth approximately $1,096,304,000. State Street Corp lifted its holdings in Trimble by 0.4% during the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company's stock valued at $894,183,000 after purchasing an additional 43,285 shares in the last quarter. Generation Investment Management LLP purchased a new position in Trimble during the second quarter valued at approximately $367,994,000. Geode Capital Management LLC boosted its position in shares of Trimble by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company's stock worth $492,426,000 after purchasing an additional 55,073 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Trimble by 126.0% in the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company's stock worth $485,747,000 after purchasing an additional 3,455,949 shares in the last quarter. Institutional investors own 93.21% of the company's stock.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the firm's stock in a transaction dated 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 transaction, the director owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

Analyst Ratings Changes

TRMB has been the topic of several recent analyst reports. Oppenheimer restated an "outperform" rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Wells Fargo & Company cut their price target on Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Wall Street Zen downgraded Trimble from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price objective on shares of Trimble 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $81.78.

Trimble Stock Performance

Trimble stock opened at $59.47 on Monday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The firm's 50 day moving average price is $56.11 and its 200-day moving average price is $59.70. 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 stock has a market cap of $13.87 billion, a P/E ratio of -121.36, a PEG ratio of 1.93 and a beta of 1.36.

Trimble (NASDAQ:TRMB - Get Free Report) last issued 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 firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. Trimble's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business 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 predict that Trimble Inc. will post 3.08 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source