Trimble Inc. $TRMB Stock: Lmcg Investments LLC Reduces Position

Key Points

• Lmcg Investments LLC cut its Trimble position by 84.2% in the third quarter, selling 33,138 shares and retaining 6,225 shares valued at approximately $356,000.
• Institutional ownership remains high at 93.21%, with BlackRock, Generation Investment Management, and other major investors establishing significant Trimble positions during the second quarter.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $80; Trimble recently exceeded quarterly earnings and revenue estimates.

Lmcg Investments LLC trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 84.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,225 shares of the scientific and technical instruments company's stock after selling 33,138 shares during the quarter. Lmcg Investments LLC's holdings in Trimble were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Trimble in the second quarter worth about $1,096,304,000. Generation Investment Management LLP purchased a new stake in shares of Trimble during the second quarter worth about $367,994,000. Primecap Management Co. CA purchased a new stake in shares of Trimble during the second quarter worth about $200,405,000. Legal & General Group Plc acquired a new position in shares of Trimble during the second quarter valued at about $112,613,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Trimble during the second quarter valued at about $109,046,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Trimble from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, October 8th. Weiss Ratings raised shares of Trimble from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Raymond James Financial lowered shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Barclays raised their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Finally, 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 report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.00.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $64.01 on Friday. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. 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 company has a market cap of $14.93 billion, a PE ratio of -130.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34. The company's 50 day moving average is $59.11 and its 200 day moving average is $57.83.

Trimble (NASDAQ:TRMB - Get Free Report) last announced 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. The business had revenue of $972.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. 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, sell-side analysts forecast that Trimble Inc. will post 3.10 EPS for the current year.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm's 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 completion of the transaction, the director owned 17,426 shares of the company's stock, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by company insiders.

Trimble 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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