Y Intercept Hong Kong Ltd Invests $2.30 Million in Trimble Inc. $TRMB

Y Intercept Hong Kong Ltd purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the 1st quarter, Holdings Channel reports. The fund purchased 35,266 shares of the scientific and technical instruments company’s stock, valued at approximately $2,300,000.

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

Trimble Stock Performance

TRMB opened at $52.40 on Thursday. The company’s 50 day moving average is $54.95 and its 200 day moving average is $64.75. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.80 and a beta of 1.38. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $87.50.

Trimble (NASDAQ:TRMB) last announced 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 firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company 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. On average, equities research analysts predict that Trimble Inc. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRMB shares. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Wells Fargo & Company reduced their price target 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. Piper Sandler decreased their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Robert W. Baird lowered their price objective on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.33.

Insider Buying and Selling at Trimble

In related news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, CEO Robert G. Painter sold 7,500 shares of the 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 completion of the sale, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at $796,385.18. This represents a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Corporate insiders own 0.59% of the company’s stock.

Trimble 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.