Sumitomo Mitsui Trust Group Inc. Acquires 239,499 Shares of Trimble Inc. $TRMB

Key Points

• Sumitomo Mitsui Trust Group increased its Trimble stake by 5.4% in the third quarter, adding 239,499 shares to hold 4.69 million shares worth approximately $267.7 million. Institutional investors collectively own 93.21% of Trimble.
• 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 provided fiscal 2026 EPS guidance of $3.60–$3.70.
• Analyst sentiment is broadly positive, with nine Buy ratings, two Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $79.56, above its recent $64.94 price.

Sumitomo Mitsui Trust Group Inc. grew its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 5.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,687,967 shares of the scientific and technical instruments company's stock after buying an additional 239,499 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 2.01% of Trimble worth $267,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TRMB. BlackRock Inc. bought a new position in shares of Trimble in the 2nd quarter valued at about $1,096,304,000. Generation Investment Management LLP purchased a new position in Trimble in the second quarter worth about $367,994,000. Primecap Management Co. CA purchased a new position in Trimble in the second quarter worth about $200,405,000. Legal & General Group Plc bought a new stake in Trimble during the second quarter worth approximately $112,613,000. Finally, Hsbc Holdings PLC bought a new stake in Trimble during the second quarter worth approximately $109,046,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Trading Down 0.6%

TRMB stock opened at $64.94 on Friday. The company has a market capitalization of $15.14 billion, a PE ratio of -132.53, a P/E/G ratio of 2.10 and a beta of 1.34. The firm's 50-day moving average is $59.83 and its 200 day moving average is $60.94. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.

Trimble (NASDAQ:TRMB - Get Free Report) last posted 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. The firm had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, research analysts anticipate that Trimble Inc. will post 3.10 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Trimble from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Loop Capital assumed coverage on Trimble in a report on Monday, October 26th. They issued a "buy" rating and a $76.00 target price for the company. Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Piper Sandler restated an "overweight" rating and set a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Finally, Barclays increased their price target on Trimble from $79.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.56.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the business'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 completion of the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company's stock.

About Trimble

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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