43,744 Shares in Trimble Inc. $TRMB Bought by Korea Investment CORP

Korea Investment CORP bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 43,744 shares of the scientific and technical instruments company’s stock, valued at approximately $2,239,000.

A number of other institutional investors have also added to or reduced their stakes in TRMB. Peapack Gladstone Financial Corp boosted its position in shares of Trimble by 2.6% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after acquiring an additional 125 shares during the last quarter. Fiduciary Trust Co grew its holdings in shares of Trimble by 1.9% during the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after purchasing an additional 151 shares in the last quarter. 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 worth $126,000 after purchasing an additional 155 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Trimble by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock worth $3,098,000 after purchasing an additional 169 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRMB. Wells Fargo & Company dropped their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Sanford C. Bernstein decreased their price target on shares of 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. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price objective on shares of Trimble in a report on Thursday, August 13th. Finally, Barclays upped 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. Nine 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director directly owned 17,426 shares of the company’s stock, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Trimble Trading Up 0.7%

NASDAQ:TRMB opened at $60.67 on Tuesday. The firm has a market capitalization of $14.15 billion, a P/E ratio of -123.81, a P/E/G ratio of 1.94 and a beta of 1.37. 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 company has a fifty day moving average of $54.27 and a 200 day moving average of $60.09. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (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 business had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same quarter last year, the firm earned $0.71 EPS. The company’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. On average, research analysts predict that Trimble Inc. will post 3.1 earnings per share for the current year.

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.