Robeco Institutional Asset Management B.V. Sells 629,196 Shares of Trimble Inc. $TRMB

Key Points

• Robeco Institutional Asset Management cut its Trimble stake by 78.7%, selling 629,196 shares and retaining 170,147 shares worth approximately $9.7 million. Institutional investors collectively own 93.21% of Trimble.
• Analyst sentiment remains positive overall, with eight Buy ratings, two Holds and one Sell; the stock carries a “Moderate Buy” consensus and an average price target of $80.
• Trimble reported quarterly adjusted earnings of $0.86 per share, beating estimates by $0.06, while revenue rose 11% year over year to $972 million. Shares opened at $63.49, down 0.8%.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 78.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,147 shares of the scientific and technical instruments company's stock after selling 629,196 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Trimble worth $9,717,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TRMB. Frazier Financial Advisors LLC acquired a new stake in Trimble in the 2nd quarter worth approximately $25,000. Vega Investment Solutions purchased a new stake in Trimble during the 2nd quarter worth approximately $29,000. Global Retirement Partners LLC acquired a new position in Trimble during the 2nd quarter valued at approximately $45,000. Quantbot Technologies LP acquired a new position in Trimble during the 2nd quarter valued at approximately $53,000. Finally, Orion Capital Management LLC purchased a new position in shares of Trimble in the second quarter worth $56,000. Institutional investors and hedge funds own 93.21% of the company's stock.

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 shares were 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. This trade represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TRMB shares. Sanford C. Bernstein lowered 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. Raymond James Financial downgraded Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Piper Sandler restated an "overweight" rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Wells Fargo & Company lowered their price target on Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.00.

Trimble Trading Down 0.8%

TRMB stock opened at $63.49 on Friday. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $14.80 billion, a P/E ratio of -129.57, a PEG ratio of 2.05 and a beta of 1.34. The company's 50-day simple moving average is $59.23 and its 200-day simple moving average is $57.87.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share 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 during the quarter, compared to analyst estimates of $952.09 million. During the same quarter in the previous year, the business earned $0.71 EPS. Trimble's revenue for the quarter 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. As a group, equities analysts forecast that Trimble Inc. will post 3.10 EPS for the current fiscal year.

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company's products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.

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