Elevation Point Wealth Partners LLC Purchases Shares of 17,126 Trimble Inc. $TRMB

Elevation Point Wealth Partners LLC acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,126 shares of the scientific and technical instruments company’s stock, valued at approximately $877,000.

Several other large investors also recently made changes to their positions in TRMB. BlackRock Inc. acquired a new stake in Trimble in the second quarter valued at approximately $1,096,304,000. Generation Investment Management LLP acquired a new position in Trimble during the second quarter worth $367,994,000. Wellington Management Group LLP lifted its stake in shares of Trimble by 126.0% in the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after buying an additional 3,455,949 shares in the last quarter. Norges Bank acquired a new position in shares of Trimble during the fourth quarter valued at about $213,133,000. Finally, Deutsche Bank AG bought a new stake in shares of Trimble during the second quarter worth about $84,147,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and an average target price of $81.78.

Trimble Trading Up 0.7%

Shares of Trimble stock opened at $60.67 on Tuesday. The firm has a market cap of $14.15 billion, a PE ratio of -123.81, a P/E/G ratio of 1.94 and a beta of 1.37. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The stock has a fifty day moving average price of $54.27 and a 200-day moving average price of $60.09.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same period in the previous year, the firm earned $0.71 EPS. The firm’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 research analysts anticipate that Trimble Inc. will post 3.1 EPS for the current year.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction 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 transaction, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

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.