OP Asset Management Ltd bought a new position in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) in the first quarter, Holdings Channel reports. The firm bought 44,327 shares of the scientific and technical instruments company’s stock, valued at approximately $2,891,000.
Several other institutional investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise increased its holdings in Trimble by 108.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,711 shares of the scientific and technical instruments company’s stock valued at $177,000 after purchasing an additional 1,408 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Trimble by 45.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 268,622 shares of the scientific and technical instruments company’s stock worth $17,522,000 after acquiring an additional 84,298 shares in the last quarter. Brookstone Capital Management grew its position in Trimble by 4.9% in the first quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company’s stock valued at $279,000 after acquiring an additional 198 shares in the last quarter. Evolve Private Wealth LLC raised its stake in shares of Trimble by 7.1% during the first quarter. Evolve Private Wealth LLC now owns 7,875 shares of the scientific and technical instruments company’s stock valued at $514,000 after purchasing an additional 520 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of Trimble by 15.8% in the fourth quarter. Hsbc Holdings PLC now owns 2,464,654 shares of the scientific and technical instruments company’s stock valued at $193,153,000 after purchasing an additional 335,850 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TRMB has been the subject of a number of analyst reports. Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Oppenheimer cut their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Piper Sandler decreased their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Robert W. Baird reduced their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.33.
Insider Activity at Trimble
In related news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the sale, the vice president directly owned 19,668 shares in the company, valued at $1,317,952.68. The trade was a 45.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.59% of the company’s stock.
Trimble Stock Up 0.9%
Shares of Trimble stock opened at $50.70 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $87.50. The business’s fifty day moving average price is $57.49 and its two-hundred day moving average price is $66.46. The company has a market capitalization of $11.82 billion, a P/E ratio of 26.68, a PEG ratio of 1.69 and a beta of 1.38.
Trimble (NASDAQ:TRMB – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The company had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, research analysts forecast that Trimble Inc. will post 2.99 EPS for the current year.
Trimble Profile
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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