Trimble Inc. $TRMB Stock Holdings Lowered by Investment House LLC

Key Points

• Investment House LLC cut its Trimble stake by 58.9% in the third quarter, selling 77,742 shares and retaining 54,194 shares valued at approximately $3.1 million.
• Other major institutions, including BlackRock, Generation Investment Management and Primecap Management, initiated sizable Trimble positions in the second quarter. Institutional investors collectively own 93.21% of the company.
• Trimble reported quarterly earnings of $0.86 per share, exceeding estimates by $0.06, while revenue rose 11% year over year to $972 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $80.

Investment House LLC lessened its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 58.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,194 shares of the scientific and technical instruments company's stock after selling 77,742 shares during the period. Investment House LLC's holdings in Trimble were worth $3,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Trimble during the second quarter worth approximately $1,096,304,000. Generation Investment Management LLP purchased a new stake in shares of Trimble in the second quarter valued at approximately $367,994,000. Primecap Management Co. CA purchased a new stake in shares of Trimble in the second quarter valued at approximately $200,405,000. Legal & General Group Plc purchased a new stake in shares of Trimble in the second quarter valued at approximately $112,613,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Trimble during the 2nd quarter worth approximately $109,046,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Price Performance

NASDAQ:TRMB opened at $64.01 on Friday. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The stock has a 50 day moving average of $59.11 and a two-hundred day moving average of $57.83. 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 market cap of $14.93 billion, a P/E ratio of -130.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business 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. On average, analysts expect that Trimble Inc. will post 3.10 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a report on Sunday, October 4th. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Barclays upped their price objective 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. Finally, Wells Fargo & Company decreased their price objective on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trimble presently has an average rating of "Moderate Buy" and an average target price of $80.00.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director owned 17,426 shares of the company's stock, valued at $1,045,560. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company's products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.

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