31,203 Shares in Trimble Inc. $TRMB Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 31,203 shares of the scientific and technical instruments company’s stock, valued at approximately $1,597,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC lifted its position in shares of Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 213 shares during the last quarter. DV Equities LLC acquired a new position in shares of Trimble in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Trimble in the 4th quarter valued at $27,000. Quarry LP raised its stake in Trimble by 175.8% during the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 232 shares in the last quarter. Finally, BOKF NA raised its stake in Trimble by 103.8% during the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 217 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Performance

NASDAQ TRMB opened at $60.25 on Friday. The firm has a market cap of $14.05 billion, a P/E ratio of -122.96, a P/E/G ratio of 1.98 and a beta of 1.37. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The business’s 50-day moving average price is $54.06 and its 200 day moving average price is $60.17. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data 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 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 period in the prior year, the business earned $0.71 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities research analysts expect that Trimble Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Sanford C. Bernstein cut their price target on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Nine equities 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.78.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

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.