Rakuten Investment Management Inc. Purchases Shares of 38,175 Trimble Inc. $TRMB

Rakuten Investment Management Inc. acquired a new position in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, HoldingsChannel reports. The firm acquired 38,175 shares of the scientific and technical instruments company’s stock, valued at approximately $1,938,000.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC increased its stake in shares of Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 213 shares during the period. DV Equities LLC purchased a new stake in Trimble in the fourth quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in Trimble in the fourth quarter valued at $27,000. Quarry LP boosted its holdings in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 232 shares in the last quarter. Finally, BOKF NA increased its position in Trimble by 103.8% during the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 217 shares during the period. 93.21% of the stock is currently owned by institutional investors.

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 in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. 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. Corporate insiders own 0.59% of the company’s stock.

Trimble Price Performance

NASDAQ:TRMB opened at $61.01 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The firm’s 50-day moving average price is $55.15 and its 200-day moving average price is $59.95. The company has a market capitalization of $14.23 billion, a PE ratio of -124.51, a P/E/G ratio of 1.98 and a beta of 1.37. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. During the same period last year, the company posted $0.71 EPS. Trimble’s revenue 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. On average, equities analysts predict that Trimble Inc. will post 3.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays upped their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trimble has an average rating of “Moderate Buy” and an average price target of $81.78.

About Trimble

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.