Redwood Investment Management LLC Invests $1.18 Million in Trimble Inc. $TRMB

Redwood Investment Management LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,026 shares of the scientific and technical instruments company’s stock, valued at approximately $1,178,000.

Several other large investors also recently made changes to their positions in TRMB. BlackRock Inc. purchased a new position in Trimble in the 2nd quarter valued at about $1,096,304,000. Generation Investment Management LLP bought a new stake in Trimble in the second quarter valued at about $367,994,000. Primecap Management Co. CA bought a new position in Trimble during the second quarter worth $200,405,000. Wellington Management Group LLP raised its holdings in shares of 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 worth $485,747,000 after purchasing an additional 3,455,949 shares during the period. Finally, Norges Bank bought a new stake in shares of Trimble in the 4th quarter worth approximately $213,133,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 0.4%

Shares of NASDAQ TRMB opened at $59.68 on Thursday. The business has a 50-day moving average price of $54.66 and a two-hundred day moving average price of $60.02. Trimble Inc. has a one year low of $47.92 and a one year high of $84.42. The firm has a market capitalization of $13.92 billion, a PE ratio of -121.79, a PEG ratio of 1.93 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $972.00 million during 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $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. As a group, analysts predict that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TRMB shares. Barclays increased their price target on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. Sanford C. Bernstein decreased their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 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.