NewEdge Wealth LLC Buys Shares of 31,203 Trimble Inc. $TRMB

NewEdge Wealth LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,203 shares of the scientific and technical instruments company’s stock, valued at approximately $1,597,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Trimble by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock valued at $2,395,181,000 after buying an additional 304,461 shares during the period. BlackRock Inc. purchased a new position in Trimble during the 2nd quarter valued at about $1,096,304,000. State Street Corp boosted its holdings in Trimble by 0.4% during the 3rd quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock valued at $894,183,000 after acquiring an additional 43,285 shares during the period. Generation Investment Management LLP acquired a new position in Trimble in the 2nd quarter valued at about $367,994,000. Finally, Geode Capital Management LLC grew its position in Trimble by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock valued at $492,426,000 after acquiring an additional 55,073 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRMB. Oppenheimer reissued an “outperform” rating and set a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Wall Street Zen downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. upped their target price on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Sanford C. Bernstein reduced their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Finally, Barclays boosted their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.78.

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 shares were 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 of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $60.25 on Friday. 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 $14.05 billion, a PE ratio of -122.96, a PEG ratio of 1.98 and a beta of 1.37. 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 stock has a 50-day simple moving average of $54.06 and a 200-day simple moving average of $60.17.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $952.09 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly 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, analysts predict that Trimble Inc. will post 3.01 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.