Trimble Inc. $TRMB Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lessened its position in shares of Trimble Inc. (NASDAQ:TRMB) by 24.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,739 shares of the scientific and technical instruments company’s stock after selling 11,589 shares during the quarter. Raiffeisen Bank International AG’s holdings in Trimble were worth $1,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Trimble in the second quarter valued at approximately $1,096,304,000. State Street Corp raised its holdings in Trimble by 0.4% during the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after purchasing an additional 43,285 shares during the last quarter. Generation Investment Management LLP acquired a new position in shares of Trimble during the 2nd quarter worth $367,994,000. Geode Capital Management LLC lifted its holdings in shares of Trimble by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock valued at $492,426,000 after purchasing an additional 55,073 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Trimble by 126.0% in the 4th 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. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Sanford C. Bernstein lowered their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the business’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 sale, the director owned 17,426 shares of the company’s stock, valued at $1,045,560. The trade was 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 available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Trimble Stock Performance

Shares of TRMB opened at $59.47 on Friday. The business’s fifty day moving average price is $56.11 and its 200 day moving average price is $59.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The stock has a market capitalization of $13.87 billion, a PE ratio of -121.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.36.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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% 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 forecast that Trimble Inc. will post 3.08 EPS for the current year.

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.