Trimble Inc. $TRMB Stock Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 52.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,026 shares of the scientific and technical instruments company’s stock after acquiring an additional 131,528 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Trimble were worth $21,760,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TRMB. Frazier Financial Advisors LLC bought a new position in shares of Trimble during the 2nd quarter valued at about $25,000. Vega Investment Solutions acquired a new position in shares of Trimble in the 2nd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Trimble during the 4th quarter worth approximately $48,000. Global Retirement Partners LLC bought a new stake in Trimble during the 2nd quarter worth approximately $45,000. Finally, Western Wealth Management LLC bought a new stake in Trimble during the 1st quarter worth approximately $59,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The shares were 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. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Barclays increased their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Sanford C. Bernstein dropped their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Trimble Stock Up 3.6%

NASDAQ:TRMB opened at $62.12 on Wednesday. The stock has a 50-day simple moving average of $58.86 and a 200 day simple moving average of $57.86. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a market cap of $14.49 billion, a PE ratio of -126.77, a PEG ratio of 1.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.

Trimble (NASDAQ:TRMB) last released its 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 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 quarter in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. 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, sell-side analysts expect that Trimble Inc. will post 3.10 EPS for the current fiscal year.

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.