Danske Bank A S Takes Position in Trimble Inc. $TRMB

Danske Bank A S acquired a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 204,938 shares of the scientific and technical instruments company’s stock, valued at approximately $10,489,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new stake in Trimble in the 2nd quarter worth $1,323,000. Summit Creek Advisors LLC acquired a new position in shares of Trimble during the second quarter valued at about $387,000. Meeder Advisory Services Inc. bought a new stake in shares of Trimble in the second quarter valued at about $348,000. Grandfield & Dodd LLC bought a new stake in shares of Trimble in the second quarter valued at about $20,010,000. Finally, BlackRock Inc. acquired a new stake in Trimble during the second quarter worth about $1,096,304,000. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective 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 decreased their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Oppenheimer restated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Finally, Wall Street Zen lowered Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.78.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’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 completion of the transaction, the director 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 filing with the Securities & Exchange Commission, which is available 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 company insiders.

Trimble Stock Performance

NASDAQ:TRMB opened at $60.25 on Friday. Trimble Inc. has a 12-month low of $47.92 and a 12-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 firm has a market capitalization of $14.05 billion, a PE ratio of -122.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37. The firm has a 50-day moving average price of $54.06 and a 200 day moving average price of $60.17.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results 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 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 analysts’ expectations of $952.09 million. During the same quarter last year, the company earned $0.71 earnings per share. The company’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. Research analysts anticipate that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

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.