OMERS ADMINISTRATION Corp Reduces Stock Position in Trimble Inc. $TRMB

OMERS ADMINISTRATION Corp cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 30.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,899 shares of the scientific and technical instruments company’s stock after selling 9,412 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Trimble were worth $1,428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TRMB. ABN Amro Investment Solutions grew its position in Trimble by 90.8% in the fourth quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after acquiring an additional 28,791 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Trimble during the second quarter valued at approximately $208,000. 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 valued at $39,816,000 after purchasing an additional 190,638 shares during the last quarter. National Pension Service lifted its stake in shares of Trimble by 49.4% in the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after purchasing an additional 18,897 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after purchasing an additional 675,134 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRMB shares. Wells Fargo & Company decreased their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays cut their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Zacks Research lowered shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus price target of $83.78.

Trimble Stock Performance

Shares of Trimble stock opened at $58.24 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $52.91 and its two-hundred day moving average is $61.93. 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 $13.58 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.94 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $939.90 million during 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 business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous 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. As a group, analysts expect that Trimble Inc. will post 3.01 earnings per share for the current 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.