Munich Reinsurance Co Stock Corp in Munich Increases Holdings in Trimble Inc. $TRMB

Munich Reinsurance Co Stock Corp in Munich lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,444 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,678 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Trimble were worth $2,991,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRMB. BlackRock Inc. purchased a new position in Trimble during the 2nd quarter valued at about $1,096,304,000. State Street Corp lifted its holdings in shares of Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after buying an additional 43,285 shares in the last quarter. Generation Investment Management LLP purchased a new stake in shares of Trimble in the second quarter worth about $367,994,000. Geode Capital Management LLC boosted its position in shares of Trimble by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock valued at $492,426,000 after acquiring an additional 55,073 shares during the period. Finally, Wellington Management Group LLP grew its stake in Trimble by 126.0% during the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after acquiring an additional 3,455,949 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of analyst reports. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target 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. Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein lowered their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $87.00 price objective on shares of Trimble in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trimble currently has an average rating of “Moderate Buy” and an average price target of $81.78.

Trimble Trading Down 1.0%

Shares of TRMB opened at $59.47 on Friday. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a market capitalization of $13.87 billion, a P/E ratio of -121.36, a P/E/G ratio of 1.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The firm’s 50 day simple moving average is $56.11 and its 200 day simple moving average is $59.74.

Trimble (NASDAQ:TRMB) last issued 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. The firm had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. 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 forecast that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trimble 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 transaction of $103,080.00. Following the sale, the director owned 17,426 shares in the company, 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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

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.