Public Employees Retirement System of Ohio Buys New Holdings in Trimble Inc. $TRMB

Public Employees Retirement System of Ohio purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 71,651 shares of the scientific and technical instruments company’s stock, valued at approximately $3,667,000.

A number of other institutional investors have also added to or reduced their stakes in TRMB. Brighton Jones LLC bought a new position in shares of Trimble during the fourth quarter worth $211,000. Empowered Funds LLC grew its stake in Trimble by 9.5% during 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 in the last quarter. Woodline Partners LP increased its holdings in 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 valued at $1,363,000 after acquiring an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Trimble in the 2nd quarter worth $208,000. Finally, Marshall Wace LLP lifted its stake in Trimble by 31.8% in 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 in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRMB. Barclays raised their price objective on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company decreased their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Piper Sandler reissued an “overweight” rating and set a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Trading Up 1.7%

Shares of NASDAQ TRMB opened at $60.10 on Friday. The business’s 50 day moving average is $55.93 and its two-hundred day moving average is $59.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The stock has a market capitalization of $14.01 billion, a P/E ratio of -122.65, a PEG ratio of 1.92 and a beta of 1.36.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior 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, research analysts expect that Trimble Inc. will post 3.08 EPS 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.