Trimble Inc. $TRMB Shares Newly Acquired by Robeco Schweiz AG

Robeco Schweiz AG purchased a new stake in Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to its most recent filing with the SEC. The firm purchased 68,787 shares of the scientific and technical instruments company’s stock, valued at approximately $3,928,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Trimble during the second quarter valued at approximately $1,096,304,000. State Street Corp raised its holdings in Trimble by 7.9% in the second quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after purchasing an additional 849,549 shares during the period. Generation Investment Management LLP acquired a new stake in Trimble in the second quarter worth $367,994,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Trimble by 15.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company’s stock worth $245,043,000 after purchasing an additional 501,853 shares during the period. Finally, Primecap Management Co. CA bought a new position in shares of Trimble during the second quarter worth $200,405,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Down 0.8%

Shares of NASDAQ:TRMB opened at $63.49 on Friday. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of -129.57, a PEG ratio of 2.05 and a beta of 1.34. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The company’s fifty day simple moving average is $59.23 and its 200 day simple moving average is $57.87. 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 (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The firm 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% compared to the same quarter last year. During the same period in the prior year, the business earned $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, research analysts forecast that Trimble Inc. will post 3.10 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TRMB shares. Barclays boosted their price target on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. lowered their price objective on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Sanford C. Bernstein reduced their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings raised Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of the business’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 sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 owned by corporate insiders.

Trimble Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.