State of Wyoming Takes $562,000 Position in Trimble Inc. $TRMB

State of Wyoming bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,987 shares of the scientific and technical instruments company’s stock, valued at approximately $562,000.

Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Trimble during the second quarter valued at about $297,000. Avalon Trust Co bought a new position in shares of Trimble in the second quarter worth about $119,000. One Wealth Advisors LLC purchased a new stake in shares of Trimble during the second quarter worth about $226,000. Cornerstone Capital Inc. purchased a new stake in shares of Trimble during the second quarter worth about $12,173,000. Finally, Trust Asset Management LLC bought a new stake in Trimble during the 2nd quarter valued at approximately $139,000. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

TRMB stock opened at $57.60 on Monday. The firm has a fifty day moving average price of $53.38 and a 200 day moving average price of $60.48. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. 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 firm has a market cap of $13.43 billion, a PE ratio of -117.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Trimble’s revenue was up 11.0% on a year-over-year basis. 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 anticipate that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated 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 approximately $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a 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. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein cut their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

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.