Trimble Inc. $TRMB Shares Purchased by State Street Corp

Key Points

• State Street increased its Trimble stake by 7.9% in the second quarter, holding 11.64 million shares worth approximately $596 million. Institutional investors collectively own 93.21% of TRMB, with several major funds initiating new positions.
• Trimble exceeded quarterly expectations, reporting $0.86 in adjusted EPS versus the $0.80 consensus and revenue of $972 million. Revenue rose 11% year over year, and the company issued third-quarter EPS guidance of $0.83–$0.88.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $81.78 versus the stock’s reported $59.32 price. However, one rating was downgraded to sell, and a Trimble director sold shares under a pre-arranged trading plan.

State Street Corp raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,644,706 shares of the scientific and technical instruments company's stock after acquiring an additional 849,549 shares during the quarter. State Street Corp owned approximately 4.99% of Trimble worth $595,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRMB. BlackRock Inc. acquired a new position in shares of Trimble during the 2nd quarter worth approximately $1,096,304,000. Generation Investment Management LLP purchased a new stake in Trimble during the 2nd quarter worth about $367,994,000. Primecap Management Co. CA acquired a new position in shares of Trimble in the second quarter valued at approximately $200,405,000. Norges Bank acquired a new position in Trimble in the 4th quarter valued at $213,133,000. Finally, Legal & General Group Plc acquired a new position in Trimble in the second quarter valued at $112,613,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction dated 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 of the company's stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Trimble Stock Up 0.0%

NASDAQ TRMB opened at $59.32 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The business has a 50 day moving average price of $57.62 and a two-hundred day moving average price of $58.83. The stock has a market cap of $13.83 billion, a PE ratio of -121.06, a P/E/G ratio of 1.92 and a beta of 1.36.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last 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. As a group, sell-side analysts predict that Trimble Inc. will post 3.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TRMB shares. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Oppenheimer reiterated an "outperform" rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Weiss Ratings cut shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday, August 13th. Piper Sandler restated an "overweight" rating and set a $87.00 price objective on shares of Trimble in a report on Thursday, August 13th. Finally, Sanford C. Bernstein cut their target price on Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.78.

Trimble Company Profile

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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