Trillium Asset Management LLC Acquires Shares of 122,363 Trimble Inc. $TRMB

Key Points

• Trillium Asset Management acquired 122,363 Trimble shares during the second quarter, worth approximately $6.3 million. Institutional investors collectively own 93.21% of Trimble’s stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $81.78, although some firms recently lowered ratings or targets.
• Trimble exceeded quarterly expectations, reporting $0.86 in adjusted EPS versus an $0.80 estimate and $972 million in revenue, up 11% year over year. The stock opened at $59.68, near its 52-week range of $47.92 to $84.42.

Trillium Asset Management LLC bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 122,363 shares of the scientific and technical instruments company's stock, valued at approximately $6,263,000. Trillium Asset Management LLC owned approximately 0.05% of Trimble at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of Trimble by 29.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company's stock worth $17,795,000 after buying an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions increased its position in Trimble by 90.8% during the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company's stock valued at $4,741,000 after buying an additional 28,791 shares in the last quarter. Swedbank AB raised its stake in Trimble by 60.0% during the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company's stock valued at $39,816,000 after buying an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Trimble during the second quarter valued at $208,000. Finally, National Pension Service boosted its holdings in Trimble by 49.4% in the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company's stock worth $4,476,000 after acquiring an additional 18,897 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TRMB. Wells Fargo & Company cut their target price on Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Weiss Ratings cut shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday, August 13th. Oppenheimer reissued an "outperform" rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.78.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were 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 in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Trimble Stock Up 0.7%

Trimble stock opened at $59.68 on Friday. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of -121.79, a PEG ratio of 1.97 and a beta of 1.37. The stock has a fifty day simple moving average of $53.87 and a two-hundred day simple moving average of $60.17. Trimble Inc. has a 12 month low of $47.92 and a 12 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.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $952.09 million. During the same period in the prior year, the company posted $0.71 earnings per share. The company's quarterly revenue was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Equities analysts predict that Trimble Inc. will post 3.01 EPS for the current fiscal year.

About Trimble

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