Jupiter Topco LLC Acquires Shares of 23,005 Trimble Inc. $TRMB

Jupiter Topco LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,005 shares of the scientific and technical instruments company’s stock, valued at approximately $1,177,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRMB. Brighton Jones LLC bought a new position in Trimble during the 4th quarter worth $211,000. Empowered Funds LLC lifted 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 acquiring an additional 607 shares during the period. Woodline Partners LP grew its holdings in shares of Trimble by 41.6% during the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 6,100 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Trimble during the 2nd quarter worth $208,000. Finally, Marshall Wace LLP increased its position in shares of 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 purchasing an additional 27,374 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ:TRMB opened at $59.47 on Friday. The stock’s 50-day moving average is $56.11 and its 200-day moving average is $59.74. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. 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 stock has a market cap of $13.87 billion, a P/E 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 earnings per share (EPS) 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 business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same quarter last year, the business earned $0.71 EPS. The firm’s quarterly 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 anticipate that Trimble Inc. will post 3.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TRMB shares. Wells Fargo & Company dropped their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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 Trimble stock in a transaction on Tuesday, August 4th. The shares were 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 in the company, valued at approximately $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 accessible 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.

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.