State of Wyoming Takes Position in Trimble Inc. $TRMB

State of Wyoming purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,987 shares of the scientific and technical instruments company’s stock, valued at approximately $562,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Trimble during the fourth quarter worth $211,000. Empowered Funds LLC raised its stake 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 valued at $461,000 after acquiring an additional 607 shares during the period. Woodline Partners LP lifted its holdings in shares of Trimble by 41.6% in the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after acquiring an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble in the 2nd quarter worth about $208,000. Finally, Marshall Wace LLP boosted its stake in shares of Trimble by 31.8% during the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after purchasing an additional 27,374 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRMB has been the topic of several analyst reports. Weiss Ratings downgraded shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Finally, Barclays reduced their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Insider Activity 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 transaction of $103,080.00. Following the completion of the sale, the director owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Trimble Stock Performance

NASDAQ TRMB opened at $57.60 on Monday. The company’s 50-day moving average price is $53.38 and its 200-day moving average price is $60.48. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock has a market cap of $13.43 billion, a PE ratio of -117.55, a PEG ratio of 1.91 and a beta of 1.37. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s 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. Equities research analysts forecast that Trimble Inc. will post 3.01 earnings per share for the current 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.