Trimble Inc. $TRMB Shares Sold by Amundi

Key Points

• Amundi reduced its Trimble stake by 43.1% in the second quarter, selling 644,062 shares and retaining 848,882 shares worth approximately $43.4 million. Institutional investors and hedge funds collectively own 93.21% of TRMB.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $81.78, although some firms recently downgraded the stock or lowered their targets.
• Trimble reported quarterly adjusted EPS of $0.86, beating estimates of $0.80, while revenue rose 11% year over year to $972 million. Shares opened at $56.84, near their 50-day moving average and well below the 12-month high of $84.42.

Amundi reduced its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 43.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 848,882 shares of the scientific and technical instruments company's stock after selling 644,062 shares during the quarter. Amundi owned 0.36% of Trimble worth $43,446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TRMB. Rothschild Investment LLC raised its stake in shares of Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 213 shares during the period. DV Equities LLC acquired a new stake in Trimble in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in Trimble in the 4th quarter worth $27,000. Quarry LP increased its holdings 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 acquiring an additional 232 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Trimble by 55.4% during the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company's stock worth $36,000 after acquiring an additional 169 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRMB. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price objective on shares of Trimble in a report on Thursday, August 13th. 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 note on Wednesday, August 19th. Raymond James Financial lowered shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.78.

Trimble Stock Down 1.0%

TRMB stock opened at $56.84 on Friday. 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 50-day moving average of $56.61 and a two-hundred day moving average of $59.45. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a market cap of $13.25 billion, a price-to-earnings ratio of -116.00, a PEG ratio of 1.86 and a beta of 1.36.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $972.00 million during the quarter, compared to analysts' expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $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, analysts forecast that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In related 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 value of $103,080.00. Following the completion of the sale, the director owned 17,426 shares of the company's stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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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