Legal & General Group Plc Makes New Investment in Trimble Inc. $TRMB

Legal & General Group Plc purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,200,323 shares of the scientific and technical instruments company’s stock, valued at approximately $112,613,000.

Several other large investors have also recently modified their holdings of TRMB. Rothschild Investment LLC lifted its stake in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Trimble during the 2nd quarter worth approximately $25,000. DV Equities LLC purchased a new position in Trimble in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Trimble in the 4th quarter worth approximately $27,000. Finally, Vega Investment Solutions bought a new stake in Trimble in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Sanford C. Bernstein lowered their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Barclays raised their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings downgraded shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Trimble Price Performance

Shares of Trimble stock opened at $61.54 on Friday. The business has a 50 day moving average of $54.91 and a 200 day moving average of $59.99. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a market cap of $14.35 billion, a PE ratio of -125.59, a P/E/G ratio of 1.94 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, equities research analysts forecast that Trimble Inc. will post 3.08 earnings per share for the current year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.

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.