Trimble Inc. $TRMB Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management cut its Trimble stake by 12.8% in the second quarter, selling 49,062 shares and retaining 333,723 shares worth approximately $17.1 million. Institutional investors collectively own 93.21% of Trimble.
• Trimble reported quarterly EPS of $0.86, exceeding estimates by $0.06, while revenue rose 11% year over year to $972 million. The company issued Q3 2026 EPS guidance of $0.83–$0.88 and full-year guidance of $3.60–$3.70.
• TRMB recently traded near $57.11, well below its 52-week high of $84.42. Despite mixed analyst actions, the stock has a consensus “Moderate Buy” rating and an average price target of $81.78.

Envestnet Asset Management Inc. reduced its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 333,723 shares of the scientific and technical instruments company's stock after selling 49,062 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of Trimble worth $17,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRMB. BlackRock Inc. bought a new stake in Trimble in the second quarter valued at $1,096,304,000. Generation Investment Management LLP acquired a new position in Trimble during the 2nd quarter worth approximately $367,994,000. Primecap Management Co. CA bought a new position in Trimble in the second quarter worth approximately $200,405,000. Norges Bank bought a new position in Trimble in the fourth quarter worth approximately $213,133,000. Finally, Legal & General Group Plc acquired a new stake in Trimble in the second quarter valued at approximately $112,613,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Down 0.4%

TRMB opened at $57.11 on Thursday. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The firm has a market capitalization of $13.32 billion, a P/E ratio of -116.55, a PEG ratio of 1.85 and a beta of 1.36. The company's 50-day moving average is $58.14 and its 200 day moving average is $58.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.

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 EPS for the quarter, beating 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 firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same quarter last year, the business posted $0.71 EPS. The company's revenue for the quarter 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. Research analysts expect that Trimble Inc. will post 3.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRMB has been the topic of a number of research reports. Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. Weiss Ratings downgraded shares of Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Sanford C. Bernstein lowered their price objective on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a report on Thursday, August 13th. Finally, Raymond James Financial lowered shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Trimble currently has a consensus rating of "Moderate Buy" and a consensus price target 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 on 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 owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company's stock.

Trimble Company Profile

Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.

The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB - Free Report).

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.