Hsbc Holdings PLC Boosts Stock Position in Trimble Inc. $TRMB

Hsbc Holdings PLC increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 13.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,131,439 shares of the scientific and technical instruments company’s stock after buying an additional 250,963 shares during the period. Hsbc Holdings PLC’s holdings in Trimble were worth $109,046,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Trimble in the 4th quarter worth about $211,000. Empowered Funds LLC raised its position in shares of Trimble by 9.5% during the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after buying an additional 607 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Trimble by 41.6% in the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after acquiring an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Trimble in the second quarter worth about $208,000. Finally, Marshall Wace LLP grew its position in Trimble by 31.8% in the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after acquiring an additional 27,374 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRMB shares. Wells Fargo & Company decreased their price objective on 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 cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein decreased their price target on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Wall Street Zen downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Trimble Stock Performance

TRMB stock opened at $59.47 on Monday. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of -121.36, a PEG ratio of 1.93 and a beta of 1.36. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $56.11 and its two-hundred day simple moving average is $59.70.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $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. Analysts predict that Trimble Inc. will post 3.08 earnings per share for the current year.

Insider Activity

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s 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 transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.