UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,166,208 shares of the scientific and technical instruments company's stock after selling 205,164 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.36% of Trimble worth $162,047,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Trimble in the 4th quarter valued at $211,000. Empowered Funds LLC grew its holdings in shares of Trimble by 9.5% during the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company's stock valued at $461,000 after purchasing an additional 607 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Trimble by 41.6% during the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company's stock valued at $1,363,000 after purchasing an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Trimble during the 2nd quarter worth approximately $208,000. Finally, Marshall Wace LLP lifted its stake in Trimble by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company's stock valued at $8,624,000 after purchasing an additional 27,374 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.
Trimble Trading Down 1.7%
Shares of NASDAQ TRMB opened at $58.94 on Wednesday. The firm has a 50 day moving average price of $55.55 and a two-hundred day moving average price of $59.84. The stock has a market cap of $13.74 billion, a P/E ratio of -120.28, a price-to-earnings-growth ratio of 1.94 and a beta of 1.36. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.
Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly 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 negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Trimble's revenue was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, equities analysts forecast that Trimble Inc. will post 3.08 EPS for the current year.
Insider Buying and Selling
In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on TRMB shares. Wells Fargo & Company cut their target price on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer reissued an "outperform" rating and set a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Sanford C. Bernstein reduced their price objective on Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. Finally, Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a report on Sunday, August 23rd. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Trimble presently has a consensus rating of "Moderate Buy" and an average target price of $81.78.
Check Out Our Latest Report on Trimble
About Trimble
(
Free Report)
Trimble Inc NASDAQ: TRMB is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company's offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.
Trimble's product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.
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