390,967 Shares in Trimble Inc. $TRMB Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, Holdings Channel.com reports. The fund purchased 390,967 shares of the scientific and technical instruments company’s stock, valued at approximately $20,010,000.

Several other hedge funds have also recently made changes to their positions in TRMB. BlackRock Inc. acquired a new position in shares of Trimble in the second quarter valued at about $1,096,304,000. Wellington Management Group LLP increased its holdings in shares of Trimble by 126.0% during 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 purchasing an additional 3,455,949 shares in the last quarter. Norges Bank acquired a new position in shares of Trimble in the fourth quarter worth about $213,133,000. Deutsche Bank AG acquired a new stake in Trimble in the second quarter valued at approximately $84,147,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Trimble by 487.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,541,598 shares of the scientific and technical instruments company’s stock valued at $100,558,000 after acquiring an additional 1,279,030 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on TRMB. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Wall Street Zen cut Trimble from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Sanford C. Bernstein cut their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Trimble presently has an average rating of “Moderate Buy” and an average target price of $81.67.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through 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 Stock Down 3.3%

Shares of NASDAQ TRMB opened at $55.69 on Tuesday. The business has a 50-day moving average of $53.42 and a two-hundred day moving average of $60.38. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of -113.65, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $952.09 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’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. On average, analysts forecast that Trimble Inc. will post 3.01 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.