Trillium Asset Management LLC Invests $6.26 Million in Trimble Inc. $TRMB

Trillium Asset Management LLC acquired a new position in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 122,363 shares of the scientific and technical instruments company’s stock, valued at approximately $6,263,000.

A number of other hedge funds also recently bought and sold shares of TRMB. Assenagon Asset Management S.A. grew its stake in shares of Trimble by 29.4% during 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 purchasing an additional 79,069 shares during the period. ABN Amro Investment Solutions lifted its stake in shares of Trimble by 90.8% in 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 purchasing an additional 28,791 shares during the period. Swedbank AB lifted its stake in shares of Trimble by 60.0% in the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock worth $39,816,000 after purchasing an additional 190,638 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Trimble in the second quarter worth approximately $208,000. Finally, National Pension Service grew its position in Trimble by 49.4% during the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after buying an additional 18,897 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $59.68 on Friday. 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 Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a market capitalization of $13.92 billion, a P/E ratio of -121.79, a P/E/G ratio of 1.97 and a beta of 1.37. The firm’s 50 day simple moving average is $53.87 and its two-hundred day simple moving average is $60.17.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) 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 analysts’ expectations 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 company 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. Research analysts expect that Trimble Inc. will post 3.01 EPS for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction on 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 sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRMB. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Barclays upped their price objective on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wall Street Zen downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, JPMorgan Chase & Co. boosted their price target on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Nine 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

About Trimble

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.