Nykredit A S Invests $4.60 Million in Trimble Inc. $TRMB

Key Points

• Nykredit A/S acquired 89,958 Trimble shares worth approximately $4.6 million during the second quarter. Institutional investors and hedge funds collectively own 93.21% of Trimble’s stock, with BlackRock and Generation Investment Management also establishing sizable new positions.
• Trimble exceeded quarterly expectations, reporting $0.86 in adjusted 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.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $81.78, compared with the stock’s $57.75 price. However, price targets have recently been reduced by several firms, and a Trimble director sold $103,080 in shares under a pre-arranged trading plan.

Nykredit A S bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 89,958 shares of the scientific and technical instruments company's stock, valued at approximately $4,604,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. BlackRock Inc. purchased a new position in Trimble during the second quarter worth approximately $1,096,304,000. Generation Investment Management LLP acquired a new position in shares of Trimble during the 2nd quarter worth approximately $367,994,000. Geode Capital Management LLC lifted its position in shares of Trimble by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company's stock valued at $492,426,000 after buying an additional 55,073 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Trimble in the 2nd quarter valued at $200,405,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Trimble by 15.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company's stock worth $245,043,000 after acquiring an additional 501,853 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ:TRMB opened at $57.75 on Tuesday. The company has a fifty day simple moving average of $57.32 and a two-hundred day simple moving average of $58.98. 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. The company has a market cap of $13.47 billion, a price-to-earnings ratio of -117.85, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36.

Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million for 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 business'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 posted $0.71 EPS. 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 anticipate that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRMB has been the subject of a number of research analyst reports. Oppenheimer reissued an "outperform" rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial cut Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Sanford C. Bernstein decreased their price objective on Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a report on Thursday, August 13th. Finally, Wells Fargo & Company dropped their target price on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $81.78.

Insider Buying and Selling at Trimble

In related 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 transaction, the director owned 17,426 shares of the company's stock, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Trimble Company 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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