The Manufacturers Life Insurance Company Acquires Shares of 124,045 Trimble Inc. $TRMB

The Manufacturers Life Insurance Company bought a new stake in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 124,045 shares of the scientific and technical instruments company’s stock, valued at approximately $6,349,000. The Manufacturers Life Insurance Company owned 0.05% of Trimble as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in shares of 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 valued at $17,795,000 after buying an additional 79,069 shares during the period. ABN Amro Investment Solutions raised its stake in 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 worth $4,741,000 after buying an additional 28,791 shares during the period. Swedbank AB lifted its holdings in Trimble by 60.0% during the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock worth $39,816,000 after acquiring an additional 190,638 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Trimble in the second quarter valued at about $208,000. Finally, National Pension Service increased 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 in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity at Trimble

In other 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 value of $103,080.00. Following the completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which is available at 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 corporate insiders.

Trimble Price Performance

Shares of TRMB opened at $61.01 on Monday. 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. The stock has a market capitalization of $14.23 billion, a P/E ratio of -124.51, a P/E/G ratio of 1.98 and a beta of 1.37. The company has a 50 day moving average of $55.15 and a 200-day moving average of $59.95.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data 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 business 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 firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. 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, equities research analysts forecast that Trimble Inc. will post 3.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TRMB has been the topic of several recent analyst reports. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Wells Fargo & Company cut their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. JPMorgan Chase & Co. boosted their price objective 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, Barclays upped their target price 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. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Trimble currently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

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.