Varma Mutual Pension Insurance Co purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 160,100 shares of the scientific and technical instruments company's stock, valued at approximately $8,194,000. Varma Mutual Pension Insurance Co owned approximately 0.07% of Trimble at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in shares of Trimble by 29.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company's stock worth $17,795,000 after buying an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions grew its position in Trimble by 90.8% in the fourth quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company's stock valued at $4,741,000 after acquiring an additional 28,791 shares during the last quarter. Swedbank AB grew its position in Trimble by 60.0% in the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company's stock valued at $39,816,000 after acquiring an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Trimble during the second quarter worth about $208,000. Finally, National Pension Service lifted its holdings in shares of Trimble by 49.4% in the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company's stock worth $4,476,000 after acquiring an additional 18,897 shares during the last quarter. 93.21% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on TRMB. Wells Fargo & Company lowered their price objective on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Sunday. Raymond James Financial cut shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Oppenheimer reissued an "outperform" rating and set a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Finally, Barclays upped their target price on Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday. Nine research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.78.
View Our Latest Stock Report on TRMB
Trimble Stock Performance
NASDAQ TRMB opened at $60.25 on Monday. Trimble Inc. has a 12 month low of $47.92 and a 12 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 firm has a market capitalization of $14.05 billion, a PE ratio of -122.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. The business's 50-day moving average price is $54.06 and its two-hundred day moving average price is $60.12.
Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm'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, analysts expect that Trimble Inc. will post 3.1 EPS for the current year.
Insider Activity
In other news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.
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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