OMERS ADMINISTRATION Corp Makes New $652,000 Investment in Trimble Inc. $TRMB

OMERS ADMINISTRATION Corp purchased a new stake in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,731 shares of the scientific and technical instruments company’s stock, valued at approximately $652,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Trimble during the 2nd quarter worth $1,096,304,000. Generation Investment Management LLP bought a new stake in shares of Trimble in the second quarter worth about $367,994,000. Wellington Management Group LLP raised its position in shares of Trimble by 126.0% during the fourth 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 during the period. Norges Bank acquired a new stake in shares of Trimble during the fourth quarter worth about $213,133,000. Finally, Deutsche Bank AG bought a new position in shares of Trimble during the 2nd quarter valued at about $84,147,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRMB. Sanford C. Bernstein decreased their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company dropped their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Nine 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.78.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This represents 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Trimble Stock Up 3.1%

Trimble stock opened at $61.54 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a fifty day simple moving average of $54.91 and a 200 day simple moving average of $59.99. The company has a market cap of $14.35 billion, a P/E ratio of -125.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last issued 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 firm had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Research analysts anticipate that Trimble Inc. will post 3.08 earnings per share for the current fiscal 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.