Primecap Management Co. CA purchased a new stake 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 & Exchange Commission. The fund purchased 3,915,691 shares of the scientific and technical instruments company’s stock, valued at approximately $200,405,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Trimble by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock valued at $2,395,181,000 after acquiring an additional 304,461 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Trimble during the 2nd quarter worth approximately $1,096,304,000. State Street Corp raised its position in shares of Trimble by 0.4% in the 3rd quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after acquiring an additional 43,285 shares in the last quarter. Generation Investment Management LLP purchased a new position in shares of Trimble in the 2nd quarter valued at approximately $367,994,000. Finally, Geode Capital Management LLC boosted its position in shares of Trimble by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock valued at $492,426,000 after purchasing an additional 55,073 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 2.0%
Trimble (NASDAQ:TRMB – Get Free Report) last issued its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s 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. Analysts predict that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Barclays boosted their target price on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings downgraded shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Sanford C. Bernstein decreased 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. Finally, Piper Sandler reissued an “overweight” rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Nine 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.78.
Read Our Latest Report on Trimble
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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