PNC Financial Services Group Inc. Boosts Holdings in Trimble Inc. $TRMB

PNC Financial Services Group Inc. boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 72.2% in the 1st quarter, HoldingsChannel reports. The firm owned 65,641 shares of the scientific and technical instruments company’s stock after purchasing an additional 27,516 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Trimble were worth $4,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ABN Amro Investment Solutions lifted its stake in Trimble by 90.8% in the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after purchasing an additional 28,791 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Trimble during the 2nd quarter valued at about $208,000. Swedbank AB grew its position in shares of Trimble by 60.0% during the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock valued at $39,816,000 after purchasing an additional 190,638 shares in the last quarter. National Pension Service grew its position in shares of Trimble by 49.4% during the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after purchasing an additional 18,897 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Trimble by 19.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after purchasing an additional 675,134 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of research analyst reports. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays cut their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Robert W. Baird lowered their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. lowered their target price on Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.78.

Trimble Stock Up 5.4%

Shares of NASDAQ TRMB opened at $55.77 on Tuesday. The firm’s 50-day moving average price is $52.79 and its 200-day moving average price is $62.24. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 1.76 and a beta of 1.38. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $939.90 million during the quarter, compared to the consensus estimate of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, equities research analysts anticipate that Trimble Inc. will post 3.01 EPS for the current fiscal 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.