Tocqueville Asset Management L.P. Acquires New Shares in Trimble Inc. $TRMB

Key Points

• Tocqueville Asset Management acquired 207,793 Trimble shares worth approximately $10.6 million, giving it a 0.09% stake. Institutional investors collectively own 93.21% of the company.
• Analysts remain broadly positive, with nine Buy ratings and a consensus “Moderate Buy” rating, although some firms recently lowered price targets or downgraded the stock. The consensus target is $81.78.
• Trimble exceeded quarterly expectations, reporting $0.86 in adjusted EPS versus $0.80 expected and $972 million in revenue, up 11% year over year. The stock opened at $59.25, near the lower half of its 52-week range.

Tocqueville Asset Management L.P. bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 207,793 shares of the scientific and technical instruments company's stock, valued at approximately $10,635,000. Tocqueville Asset Management L.P. owned 0.09% of Trimble as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC boosted its position in shares of Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC bought a new stake in Trimble during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in Trimble during the 4th quarter worth approximately $27,000. Quarry LP lifted its stake in Trimble by 175.8% in the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 232 shares in the last quarter. Finally, BOKF NA boosted its holdings in Trimble by 103.8% in the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRMB shares. Sanford C. Bernstein reduced their price target on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Piper Sandler reissued an "overweight" rating and set a $87.00 price objective on shares of Trimble in a research note on Thursday, August 13th. Wells Fargo & Company reduced their target price on Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Wall Street Zen cut Trimble from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Raymond James Financial downgraded Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.78.

Trimble Stock Performance

Trimble stock opened at $59.25 on Thursday. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. The stock has a market cap of $13.82 billion, a P/E ratio of -120.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The firm's fifty day moving average price is $53.67 and its 200-day moving average price is $60.23.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same period in the previous year, the business earned $0.71 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts expect that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the transaction, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. 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 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