TimesSquare Capital Management LLC Makes New Investment in Trimble Inc. $TRMB

TimesSquare Capital Management LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, Holdings Channel reports. The fund purchased 692,787 shares of the scientific and technical instruments company’s stock, valued at approximately $35,457,000.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of 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 worth $485,747,000 after purchasing an additional 3,455,949 shares in the last quarter. Norges Bank purchased a new position in Trimble during the fourth quarter worth $213,133,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Trimble by 487.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,541,598 shares of the scientific and technical instruments company’s stock worth $100,558,000 after acquiring an additional 1,279,030 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Trimble in the second quarter valued at $59,227,000. Finally, Renaissance Technologies LLC lifted its position in shares of Trimble by 487.9% in the first quarter. Renaissance Technologies LLC now owns 946,744 shares of the scientific and technical instruments company’s stock valued at $61,756,000 after acquiring an additional 785,700 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was 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 of the company’s stock, valued at $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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

TRMB has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings cut shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein reduced their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Trimble Trading Down 3.3%

TRMB stock opened at $55.69 on Tuesday. The business has a fifty day simple moving average of $53.42 and a 200-day simple moving average of $60.38. The company has a market cap of $12.98 billion, a price-to-earnings ratio of -113.65, a PEG ratio of 1.91 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 Inc. has a 52 week low of $47.92 and a 52 week high of $84.42.

Trimble (NASDAQ:TRMB) last posted its 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 analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities research analysts expect that Trimble Inc. will post 3.01 EPS for the current year.

Trimble Company 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.