Wealthfront Advisers LLC acquired a new position in Trimble Inc. (NASDAQ:TRMB – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,855 shares of the scientific and technical instruments company’s stock, valued at approximately $1,323,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its stake in Trimble by 29.4% in the second quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock valued at $17,795,000 after acquiring an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions increased its stake in shares of Trimble by 90.8% during the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after purchasing an additional 28,791 shares during the last quarter. Swedbank AB increased its stake in shares of Trimble by 60.0% during the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock worth $39,816,000 after purchasing an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble in the 2nd quarter worth approximately $208,000. Finally, National Pension Service lifted its stake in 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 valued at $4,476,000 after purchasing an additional 18,897 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.
Insider Transactions at Trimble
In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred 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 sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.
Trimble Price Performance
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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Trimble Inc. will post 3.01 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have issued reports on TRMB. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Wells Fargo & Company lowered their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Finally, Barclays increased their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.78.
Check Out Our Latest Stock Report on Trimble
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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