Trimble Inc. $TRMB Position Lifted by Norris Perne & French LLP MI

Norris Perne & French LLP MI raised its position in Trimble Inc. (NASDAQ:TRMB) by 221.3% in the 3rd quarter, Holdings Channel reports. The firm owned 354,634 shares of the scientific and technical instruments company’s stock after buying an additional 244,273 shares during the period. Norris Perne & French LLP MI’s holdings in Trimble were worth $20,253,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brookstone Capital Management boosted its position in shares of Trimble by 4.9% during the first quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company’s stock worth $279,000 after purchasing an additional 198 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Trimble by 32.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock valued at $46,000 after buying an additional 199 shares during the period. Relyea Zuckerberg Hanson LLC increased its position in shares of Trimble by 5.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,127 shares of the scientific and technical instruments company’s stock valued at $269,000 after buying an additional 203 shares in the last quarter. State of Wyoming increased its position in shares of Trimble by 14.5% in the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock valued at $124,000 after buying an additional 240 shares in the last quarter. Finally, OLD National Bancorp IN increased its position in shares of Trimble by 6.0% in the 1st quarter. OLD National Bancorp IN now owns 4,453 shares of the scientific and technical instruments company’s stock valued at $290,000 after buying an additional 253 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were 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 approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Barclays raised their price target on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Sanford C. Bernstein dropped their price target on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Eight investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Trimble Stock Performance

Shares of TRMB opened at $63.49 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. The firm’s 50 day moving average price is $59.23 and its two-hundred day moving average price is $57.87. The firm has a market cap of $14.80 billion, a P/E ratio of -129.57, a PEG ratio of 2.05 and a beta of 1.34.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business’s quarterly 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. On average, analysts forecast that Trimble Inc. will post 3.10 EPS for the current fiscal year.

Trimble Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.