Trimble Inc. $TRMB Stock Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Trimble stake by 52.6% in the third quarter, selling 102,336 shares and retaining 92,328 shares valued at approximately $5.27 million.
• Institutional ownership remains substantial at 93.21%, with major investors including BlackRock, Generation Investment Management, Primecap Management, Legal & General, and HSBC acquiring new positions during the second quarter.
• Trimble exceeded quarterly earnings and revenue expectations, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $79.56, above the reported share price of $64.94.

Asset Management One Co. Ltd. reduced its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 52.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,328 shares of the scientific and technical instruments company's stock after selling 102,336 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Trimble were worth $5,273,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Trimble during the second quarter worth $1,096,304,000. Generation Investment Management LLP purchased a new stake in shares of Trimble in the second quarter worth about $367,994,000. Primecap Management Co. CA acquired a new stake in Trimble in the 2nd quarter valued at $200,405,000. Legal & General Group Plc acquired a new stake in Trimble during the 2nd quarter worth $112,613,000. Finally, Hsbc Holdings PLC purchased a new position in Trimble during the second quarter worth about $109,046,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Price Performance

TRMB opened at $64.94 on Monday. The company has a market cap of $15.14 billion, a P/E ratio of -132.53, a P/E/G ratio of 2.10 and a beta of 1.32. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The business's 50-day moving average price is $59.83 and its 200-day moving average price is $60.94. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The firm had revenue of $972.00 million for the quarter, compared to analysts' expectations of $952.09 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company's quarterly revenue 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. On average, equities analysts expect that Trimble Inc. will post 3.10 EPS for the current year.

Insider Activity

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the 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 transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Trimble from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. Weiss Ratings raised Trimble from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Wells Fargo & Company dropped their price objective on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Oppenheimer reiterated an "outperform" rating and issued a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Finally, Raymond James Financial lowered Trimble from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $79.56.

About Trimble

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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