TimesSquare Capital Management LLC Takes Position in Trimble Inc. $TRMB

Key Points

• TimesSquare Capital Management acquired 692,787 Trimble shares worth approximately $35.5 million, giving it a 0.30% stake. Institutional investors collectively own 93.21% of TRMB.
• Trimble reported quarterly EPS of $0.86, exceeding the $0.80 consensus estimate, while revenue rose 11% year over year to $972 million. The company issued third-quarter EPS guidance of $0.83–$0.88 and full-year guidance of $3.60–$3.70.
• Analyst sentiment remains broadly positive, with nine Buy ratings and an average price target of $81.67, although several firms recently lowered ratings or targets. Shares opened at $55.69, down 3.3%, while a company director separately sold 1,718 shares under a pre-arranged trading plan.

TimesSquare Capital Management LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 692,787 shares of the scientific and technical instruments company's stock, valued at approximately $35,457,000. TimesSquare Capital Management LLC owned 0.30% of Trimble at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRMB. Vanguard Group Inc. grew its position in Trimble by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company's stock worth $2,395,181,000 after purchasing an additional 304,461 shares during the last quarter. State Street Corp raised its holdings in shares of Trimble by 0.4% in 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 buying an additional 43,285 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $492,426,000 after buying an additional 55,073 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Trimble by 126.0% during 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 buying an additional 3,455,949 shares during the last quarter. Finally, Invesco Ltd. increased its position in Trimble by 0.3% in the 4th quarter. Invesco Ltd. now owns 4,169,491 shares of the scientific and technical instruments company's stock valued at $326,680,000 after acquiring an additional 12,519 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.

Trimble Trading Down 3.3%

Shares of TRMB opened at $55.69 on Tuesday. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $12.98 billion, a P/E ratio of -113.65, a PEG ratio of 1.91 and a beta of 1.37. The firm's 50-day moving average is $53.42 and its two-hundred day moving average is $60.38.

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 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. On average, research analysts predict that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TRMB shares. Weiss Ratings downgraded Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday. Piper Sandler restated an "overweight" rating and set a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Sanford C. Bernstein decreased their price target on Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a report on Thursday. Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Raymond James Financial cut shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Nine investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.67.

Trimble 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