Man Group plc Buys New Stake in Trimble Inc. $TRMB

Man Group plc purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 43,168 shares of the scientific and technical instruments company’s stock, valued at approximately $2,209,000.

Other hedge funds have also recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its position in shares of Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after acquiring an additional 125 shares during the period. Fiduciary Trust Co lifted its holdings in Trimble by 1.9% in the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock valued at $675,000 after acquiring an additional 151 shares during the period. Larson Financial Group LLC increased its position in shares of Trimble by 11.1% in the third quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after buying an additional 155 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Trimble by 0.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock valued at $3,098,000 after purchasing an additional 169 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Trimble by 55.4% during the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and set a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Trading Down 1.7%

Shares of TRMB stock opened at $58.94 on Wednesday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The firm’s fifty day simple moving average is $55.55 and its 200 day simple moving average is $59.84. The firm has a market capitalization of $13.74 billion, a P/E ratio of -120.28, a price-to-earnings-growth ratio of 1.94 and a beta of 1.36. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last issued its earnings results 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. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, sell-side analysts predict that Trimble Inc. will post 3.08 EPS for the current year.

Insider Transactions at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction dated 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 owned 17,426 shares of the company’s stock, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.