Sumitomo Mitsui Trust Group Inc. Boosts Stake in Trimble Inc. $TRMB

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Trimble Inc. (NASDAQ:TRMB) by 15.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,756,603 shares of the scientific and technical instruments company’s stock after purchasing an additional 501,853 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Trimble were worth $245,043,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Rothschild Investment LLC boosted its position in Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 213 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Trimble in the fourth quarter valued at approximately $26,000. Toth Financial Advisory Corp acquired a new position in shares of Trimble during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Trimble during the 4th quarter worth approximately $27,000. Finally, Quarry LP lifted its position in shares of Trimble by 175.8% during the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TRMB. Oppenheimer reissued an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday. Robert W. Baird decreased their price objective on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wells Fargo & Company cut their target price on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.33.

Trimble Trading Up 0.6%

Shares of TRMB opened at $52.71 on Friday. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $87.50. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $54.67 and its two-hundred day moving average is $64.55. The stock has a market cap of $12.29 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Research analysts forecast that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert G. Painter sold 7,500 shares of the business’s 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 transaction, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. The trade was a 38.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, VP Mark David Schwartz sold 16,725 shares of the company’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 completion of the sale, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This trade represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 0.59% of the stock is currently owned by corporate insiders.

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.