Trimble Inc. $TRMB Holdings Trimmed by Baird Financial Group Inc.

Key Points

• Baird Financial Group cut its Trimble stake by 65.2% in the second quarter, selling 17,429 shares and retaining 9,290 shares valued at approximately $475,000. Institutional investors collectively own 93.21% of Trimble’s stock.
• Analyst sentiment remains generally positive, with nine Buy ratings, two Holds, and one Sell; Trimble has a consensus “Moderate Buy” rating and an average price target of $81.78.
• Trimble’s latest quarterly results exceeded expectations, with EPS of $0.86 versus an $0.80 consensus and revenue of $972 million, up 11% year over year. Shares opened at $57.56, near their 50-day moving average.

Baird Financial Group Inc. reduced its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 65.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,290 shares of the scientific and technical instruments company's stock after selling 17,429 shares during the quarter. Baird Financial Group Inc.'s holdings in Trimble were worth $475,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Trimble during the second quarter valued at $1,096,304,000. Generation Investment Management LLP acquired a new stake in Trimble during the 2nd quarter worth about $367,994,000. Geode Capital Management LLC lifted its stake in Trimble by 0.9% during 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 in the last quarter. Primecap Management Co. CA acquired a new position in shares of Trimble in the second quarter worth about $200,405,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Trimble by 15.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company's stock worth $245,043,000 after acquiring an additional 501,853 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRMB. Oppenheimer reiterated an "outperform" rating and set a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial lowered shares of 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 price objective on shares of Trimble in a research note on Thursday, August 13th. Weiss Ratings lowered shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday, August 13th. Finally, Barclays boosted their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research 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 company. Based on data from MarketBeat, Trimble has a consensus rating of "Moderate Buy" and a consensus target price of $81.78.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the 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. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a 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. Insiders own 0.59% of the company's stock.

Trimble Stock Performance

Shares of TRMB stock opened at $57.56 on Monday. The firm has a market capitalization of $13.42 billion, a P/E ratio of -117.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The firm's fifty day simple moving average is $57.21 and its 200 day simple moving average is $59.06. 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 issued its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the prior year, the firm earned $0.71 EPS. The business's 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. As a group, sell-side analysts predict that Trimble Inc. will post 3.08 EPS for the current year.

About Trimble

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company's products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.

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