First Trust Advisors LP Buys 65,996 Shares of Trimble Inc. $TRMB

First Trust Advisors LP boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 68.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,398 shares of the scientific and technical instruments company’s stock after purchasing an additional 65,996 shares during the period. First Trust Advisors LP’s holdings in Trimble were worth $10,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in 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 buying an additional 3,455,949 shares during the last quarter. Norges Bank purchased a new position in shares of Trimble in the 4th quarter worth $213,133,000. Ninety One UK Ltd bought a new stake in shares of Trimble in the fourth quarter worth $67,741,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Trimble by 19.1% in the fourth 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 acquiring an additional 675,134 shares during the period. Finally, Raymond James Financial Inc. increased its position in Trimble by 73.1% during the second quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock valued at $97,540,000 after acquiring an additional 542,245 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $56.58 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. The stock has a 50-day simple moving average of $52.94 and a two-hundred day simple moving average of $61.73. The firm has a market capitalization of $13.19 billion, a PE ratio of 29.78, a P/E/G ratio of 1.90 and a beta of 1.38. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $87.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. During the same quarter last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Analysts forecast that Trimble Inc. will post 3.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TRMB shares. Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Wells Fargo & Company reduced their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price objective 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 cut their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and a consensus price target of $83.78.

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.