Equitable Holdings Inc. Makes New $501,000 Investment in Trimble Inc. $TRMB

Equitable Holdings Inc. bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 9,792 shares of the scientific and technical instruments company’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Trimble during the second quarter worth $3,667,000. Redwood Investment Management LLC bought a new position in shares of Trimble during the 2nd quarter valued at about $1,178,000. Parvin Asset Management LLC purchased a new position in shares of Trimble during the second quarter valued at about $120,000. Corient Private Wealth LP bought a new stake in shares of Trimble in the second quarter worth about $778,000. Finally, Bank of America Corp DE purchased a new stake in shares of Trimble in the second quarter worth about $70,245,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

NASDAQ TRMB opened at $61.01 on Monday. The company has a market cap of $14.23 billion, a P/E ratio of -124.51, a P/E/G ratio of 1.98 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. The business’s 50 day moving average price is $55.15 and its 200-day moving average price is $59.95. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42.

Trimble (NASDAQ:TRMB) last issued 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. The company had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.Trimble’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Sell-side analysts predict that Trimble Inc. will post 3.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research note on Thursday, August 13th. Wells Fargo & Company cut their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Weiss Ratings cut shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

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.