Edgestream Partners L.P. Sells 29,538 Shares of Trimble Inc. $TRMB

Edgestream Partners L.P. trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 27.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,690 shares of the scientific and technical instruments company’s stock after selling 29,538 shares during the period. Edgestream Partners L.P.’s holdings in Trimble were worth $5,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRMB. Peapack Gladstone Financial Corp boosted its holdings in shares of Trimble by 2.6% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after purchasing an additional 125 shares during the last quarter. Fiduciary Trust Co grew its position in shares of Trimble by 1.9% during the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock valued at $675,000 after purchasing an additional 151 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Trimble by 11.1% in the third quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock worth $126,000 after purchasing an additional 155 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of Trimble by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock worth $3,098,000 after purchasing an additional 169 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Trimble by 55.4% in the second quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 169 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of research reports. Weiss Ratings lowered Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. 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 objective on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Finally, Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.78.

Trimble Stock Down 0.8%

Shares of NASDAQ TRMB opened at $56.58 on Friday. The firm’s 50-day moving average price is $52.94 and its 200-day moving average price is $61.73. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 1.90 and a beta of 1.38. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 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 the consensus estimate of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. 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, equities research analysts anticipate that Trimble Inc. will post 3.01 EPS for the current fiscal year.

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.