Renaissance Technologies LLC Has $61.76 Million Holdings in Trimble Inc. $TRMB

Renaissance Technologies LLC lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 487.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 946,744 shares of the scientific and technical instruments company’s stock after acquiring an additional 785,700 shares during the period. Renaissance Technologies LLC’s holdings in Trimble were worth $61,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC lifted its holdings in Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 213 shares during the period. DV Equities LLC acquired a new stake in Trimble during the 4th quarter worth $26,000. Toth Financial Advisory Corp acquired a new stake in Trimble during the 4th quarter worth $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Trimble during the 4th quarter valued at $27,000. Finally, Quarry LP raised its position in shares of Trimble by 175.8% during the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 232 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Piper Sandler dropped their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird reduced their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Finally, Wells Fargo & Company decreased their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and an average price target of $83.78.

Trimble Price Performance

Shares of TRMB opened at $52.91 on Monday. The stock has a 50 day simple moving average of $52.77 and a 200 day simple moving average of $62.42. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. The firm has a market capitalization of $12.33 billion, a PE ratio of 27.85, a P/E/G ratio of 1.76 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. During the same quarter in the prior year, the company earned $0.61 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Sell-side analysts predict that Trimble Inc. will post 3.01 EPS for the current fiscal year.

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.