Wellington Management Group LLP cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 45.4% in the 2nd quarter, Holdings Channel reports. The fund owned 3,167,464 shares of the scientific and technical instruments company’s stock after selling 2,628,987 shares during the period. Wellington Management Group LLP’s holdings in Trimble were worth $162,111,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. Rothschild Investment LLC grew its stake in Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Trimble in the 2nd quarter valued at approximately $25,000. DV Equities LLC purchased a new position in shares of Trimble during the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Trimble during the 4th quarter valued at approximately $27,000. Finally, Vega Investment Solutions acquired a new stake in shares of Trimble during the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.
Analyst Ratings Changes
TRMB has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Oppenheimer restated an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Finally, Barclays increased their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.
Insider Buying and Selling
In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.
Trimble Stock Down 1.8%
Shares of NASDAQ:TRMB opened at $59.94 on Tuesday. The company’s fifty day moving average is $55.36 and its two-hundred day moving average is $59.88. 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 Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of -122.32, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37.
Trimble (NASDAQ:TRMB – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate 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 business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same period in the previous year, the business posted $0.71 EPS. The company’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. Equities analysts anticipate that Trimble Inc. will post 3.08 EPS for the current year.
Trimble Company 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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