1,157,234 Shares in Trimble Inc. $TRMB Bought by Bank of New York Mellon Corp

Bank of New York Mellon 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 firm purchased 1,157,234 shares of the scientific and technical instruments company’s stock, valued at approximately $59,227,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. State of Wyoming purchased a new stake in shares of Trimble during the 2nd quarter valued at approximately $562,000. GSA Capital Partners LLP purchased a new stake in Trimble during the 2nd quarter valued at $297,000. Avalon Trust Co bought a new position in Trimble in the 2nd quarter worth $119,000. One Wealth Advisors LLC purchased a new position in Trimble during the second quarter valued at $226,000. Finally, Cornerstone Capital Inc. bought a new stake in Trimble in the second quarter worth $12,173,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Up 0.4%

TRMB opened at $59.68 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $54.66 and its two-hundred day moving average is $60.02. The company has a market capitalization of $13.92 billion, a P/E ratio of -121.79, a PEG ratio of 1.93 and a beta of 1.37. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42.

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, 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 the consensus estimate of $952.09 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’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. Analysts forecast that Trimble Inc. will post 3.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective 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. Sanford C. Bernstein reduced their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Barclays lifted 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, August 19th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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 that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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.