Wealthfront Advisers LLC boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 20.6% in the first quarter, Holdings Channel.com reports. The fund owned 55,777 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,518 shares during the quarter. Wealthfront Advisers LLC’s holdings in Trimble were worth $3,638,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the business. Sharpepoint LLC increased its stake in Trimble by 30.1% in the first quarter. Sharpepoint LLC now owns 22,509 shares of the scientific and technical instruments company’s stock worth $1,468,000 after purchasing an additional 5,213 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Trimble by 4.0% during the first quarter. Sanctuary Advisors LLC now owns 27,411 shares of the scientific and technical instruments company’s stock valued at $1,788,000 after purchasing an additional 1,065 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Trimble during the first quarter valued at $213,000. J. Safra Sarasin Holding AG grew its holdings in shares of Trimble by 2.1% in the first quarter. J. Safra Sarasin Holding AG now owns 136,761 shares of the scientific and technical instruments company’s stock worth $8,901,000 after purchasing an additional 2,811 shares during the last quarter. Finally, Lifeworks Advisors LLC grew its holdings in shares of Trimble by 13.8% in the first quarter. Lifeworks Advisors LLC now owns 8,502 shares of the scientific and technical instruments company’s stock worth $555,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on TRMB shares. Piper Sandler decreased their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings lowered shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price target on shares of Trimble in a research note on Tuesday, July 7th. Finally, Barclays lowered their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Trimble has an average rating of “Moderate Buy” and an average target price of $83.78.
Trimble Stock Performance
Shares of Trimble stock opened at $52.72 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $53.21 and its 200-day moving average price is $63.37. The firm has a market cap of $12.29 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.76 and a beta of 1.38. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $87.50.
Trimble (NASDAQ:TRMB – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’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. On average, equities research analysts expect that Trimble Inc. will post 3 earnings per share for the current fiscal year.
About Trimble
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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