Lazard Asset Management LLC Has $149.64 Million Holdings in Trimble Inc. $TRMB

Lazard Asset Management LLC boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 30.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,294,066 shares of the scientific and technical instruments company’s stock after acquiring an additional 541,116 shares during the period. Lazard Asset Management LLC’s holdings in Trimble were worth $149,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRMB. Wellington Management Group LLP increased its holdings in shares of Trimble by 126.0% in 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 acquiring an additional 3,455,949 shares in the last quarter. Norges Bank bought a new stake in Trimble during the 4th quarter worth approximately $213,133,000. Arrowstreet Capital Limited Partnership raised its holdings in Trimble by 487.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,541,598 shares of the scientific and technical instruments company’s stock worth $100,558,000 after buying an additional 1,279,030 shares during the period. Ninety One UK Ltd bought a new position in Trimble in the fourth quarter valued at approximately $67,741,000. Finally, Renaissance Technologies LLC lifted its stake in Trimble by 487.9% in the first quarter. Renaissance Technologies LLC now owns 946,744 shares of the scientific and technical instruments company’s stock valued at $61,756,000 after buying an additional 785,700 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Price Performance

Shares of TRMB opened at $52.91 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $87.50. The stock has a market capitalization of $12.33 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.76 and a beta of 1.38. The company has a 50 day moving average of $52.77 and a 200-day moving average of $62.42.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, equities research analysts forecast that Trimble Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Barclays reduced their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. JPMorgan Chase & Co. lowered their target price on Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, Piper Sandler dropped their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.78.

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.