Raiffeisen Bank International AG Sells 11,589 Shares of Trimble Inc. $TRMB

Raiffeisen Bank International AG reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 24.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,739 shares of the scientific and technical instruments company’s stock after selling 11,589 shares during the period. Raiffeisen Bank International AG’s holdings in Trimble were worth $1,814,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Trimble during the 2nd quarter valued at about $1,096,304,000. Generation Investment Management LLP purchased a new stake in Trimble during the second quarter valued at $367,994,000. Primecap Management Co. CA bought a new position in Trimble during the second quarter valued at $200,405,000. Wellington Management Group LLP lifted its holdings in shares of Trimble by 126.0% in the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after acquiring an additional 3,455,949 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Trimble in the 4th quarter worth approximately $213,133,000. Institutional investors own 93.21% of the company’s stock.

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 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 approximately $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 SEC, which can be accessed 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.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Wells Fargo & Company cut their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Finally, Barclays upped their price target on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Nine equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Trimble Stock Down 1.0%

TRMB opened at $59.47 on Friday. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of -121.36, a PEG ratio of 1.93 and a beta of 1.36. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. The company has a fifty day moving average of $56.11 and a two-hundred day moving average of $59.74.

Trimble (NASDAQ:TRMB) last posted 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 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 business had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same period last year, the firm posted $0.71 earnings per share. The company’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. On average, research analysts expect that Trimble Inc. will post 3.08 earnings per share 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.