Public Employees Retirement System of Ohio Buys Shares of 71,651 Trimble Inc. $TRMB

Public Employees Retirement System of Ohio bought a new position in Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 71,651 shares of the scientific and technical instruments company’s stock, valued at approximately $3,667,000.

Several other hedge funds have also recently modified their holdings of TRMB. Assenagon Asset Management S.A. grew its position in Trimble by 29.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock worth $17,795,000 after purchasing an additional 79,069 shares during the period. ABN Amro Investment Solutions lifted its holdings in shares of Trimble by 90.8% during the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock valued at $4,741,000 after buying an additional 28,791 shares during the period. Swedbank AB boosted its stake in shares of Trimble by 60.0% in the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock worth $39,816,000 after buying an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble in the second quarter worth $208,000. Finally, National Pension Service grew its holdings in shares of Trimble by 49.4% in the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock worth $4,476,000 after acquiring an additional 18,897 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 1.7%

TRMB stock opened at $60.10 on Friday. The business’s 50-day moving average price is $55.93 and its 200-day moving average price is $59.75. The stock has a market cap of $14.01 billion, a P/E ratio of -122.65, a PEG ratio of 1.92 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $952.09 million. During the same period in the prior year, the firm posted $0.71 EPS. The firm’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, equities research analysts forecast that Trimble Inc. will post 3.08 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on TRMB shares. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Barclays increased their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Nine 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, the company currently has an average 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 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 sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 company insiders.

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.