Trimble Inc. $TRMB Stock: Sumitomo Mitsui DS Asset Management Company Ltd Reduces Position

Key Points

• Sumitomo Mitsui DS Asset Management cut its Trimble stake by 48.1% in the third quarter, selling 29,156 shares and retaining 31,460 shares valued at approximately $1.8 million.
• Institutional ownership remains substantial at 93.21%, with major investors including BlackRock, Generation Investment Management and Primecap Management establishing or adding significant positions.
• Trimble reported quarterly EPS of $0.86, exceeding estimates of $0.80, while revenue rose 11% year over year to $972 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $80.

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 48.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,460 shares of the scientific and technical instruments company's stock after selling 29,156 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Trimble were worth $1,797,000 as of its most recent filing with the SEC.

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

Trimble Stock Performance

Shares of TRMB opened at $63.49 on Friday. The business's 50 day moving average is $59.23 and its two-hundred day moving average is $57.87. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of -129.57, a PEG ratio of 2.07 and a beta of 1.34. The company has a quick ratio of 0.82, a current ratio of 0.95 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, beating the consensus estimate 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 company had revenue of $972.00 million during the quarter, compared to analysts' expectations of $952.09 million. During the same period in the prior year, the business posted $0.71 EPS. The business's 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. Analysts forecast that Trimble Inc. will post 3.10 EPS for the current fiscal year.

Analysts Set New Price Targets

TRMB has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered 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. Raymond James Financial lowered shares of Trimble from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday. Oppenheimer reissued an "outperform" rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Trimble from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trimble presently has a consensus rating of "Moderate Buy" and an average price target of $80.00.

Insider Buying and Selling

In other Trimble 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 directly owned 17,426 shares of the company's stock, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

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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