UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Trimble Inc. $TRMB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 6.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,166,208 shares of the scientific and technical instruments company’s stock after selling 205,164 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Trimble were worth $162,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Trimble in the second quarter valued at about $1,096,304,000. Generation Investment Management LLP purchased a new position in Trimble during the second quarter worth about $367,994,000. Primecap Management Co. CA bought a new stake in Trimble in the 2nd quarter worth about $200,405,000. Wellington Management Group LLP increased its stake in Trimble by 126.0% in the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after buying an additional 3,455,949 shares during the last quarter. Finally, Norges Bank purchased a new stake in Trimble in the 4th quarter valued at about $213,133,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TRMB. Wells Fargo & Company reduced their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred 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 owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Trimble Stock Down 1.7%

Shares of NASDAQ TRMB opened at $58.94 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a market cap of $13.74 billion, a P/E ratio of -120.28, a P/E/G ratio of 1.94 and a beta of 1.36. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42. The business has a 50-day simple moving average of $55.55 and a two-hundred day simple moving average of $59.84.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company’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. Research analysts anticipate that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Trimble Company 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.