SEB Asset Management AB Invests $7.84 Million in Trimble Inc. $TRMB

SEB Asset Management AB purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 120,151 shares of the scientific and technical instruments company’s stock, valued at approximately $7,837,000.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Trimble during the 4th quarter valued at $211,000. Empowered Funds LLC boosted its position in shares of Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock worth $461,000 after buying an additional 607 shares during the period. Woodline Partners LP grew its holdings in shares of Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after buying an additional 6,100 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Trimble during the second quarter valued at $208,000. Finally, Marshall Wace LLP raised its position in Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock valued at $8,624,000 after buying an additional 27,374 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 2.6%

NASDAQ:TRMB opened at $51.85 on Wednesday. The stock’s 50 day moving average price is $53.02 and its 200 day moving average price is $63.00. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $87.50. The company has a market capitalization of $12.09 billion, a P/E ratio of 27.29, a P/E/G ratio of 1.77 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, research analysts forecast that Trimble Inc. will post 3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Piper Sandler cut their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price target on shares of Trimble from $88.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Finally, Barclays dropped their price target on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.78.

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.