97,353 Shares in Trimble Inc. $TRMB Bought by Nykredit A S

Nykredit A S acquired a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 97,353 shares of the scientific and technical instruments company’s stock, valued at approximately $4,983,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Trimble by 29.4% during the second quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock valued at $17,795,000 after acquiring an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions raised its position in shares of Trimble by 90.8% in the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after acquiring an additional 28,791 shares in the last quarter. Swedbank AB lifted its position in Trimble by 60.0% during the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock valued at $39,816,000 after buying an additional 190,638 shares during the period. Sivia Capital Partners LLC purchased a new position in Trimble during the 2nd quarter valued at about $208,000. Finally, National Pension Service lifted its holdings in shares of Trimble by 49.4% during the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after purchasing an additional 18,897 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

NASDAQ:TRMB opened at $59.47 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $13.87 billion, a P/E ratio of -121.36, a P/E/G ratio of 1.93 and a beta of 1.36. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The business’s 50-day moving average is $56.11 and its 200 day moving average is $59.70.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating 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 firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same period last year, the firm posted $0.71 earnings per share. Trimble’s revenue for the quarter 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. On average, equities research analysts forecast that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Sanford C. Bernstein lowered 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. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wall Street Zen cut Trimble from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trimble presently has an average rating of “Moderate Buy” and an average target price of $81.78.

Insider Activity

In other 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 transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

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.