California State Teachers Retirement System Has $27.95 Million Holdings in Trimble Inc. $TRMB

California State Teachers Retirement System decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 2.8% during the 1st quarter, HoldingsChannel reports. The fund owned 428,439 shares of the scientific and technical instruments company’s stock after selling 12,410 shares during the period. California State Teachers Retirement System’s holdings in Trimble were worth $27,947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TRMB. Wellington Management Group LLP raised its position in 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 valued at $485,747,000 after purchasing an additional 3,455,949 shares during the last quarter. Norges Bank bought a new stake in shares of Trimble during the fourth quarter worth about $213,133,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Trimble by 487.1% during the first 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 purchasing an additional 1,279,030 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Trimble in the fourth quarter valued at approximately $67,741,000. Finally, Renaissance Technologies LLC raised its holdings in Trimble by 487.9% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $56.58 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $87.50. The company has a 50 day simple moving average of $52.94 and a two-hundred day simple moving average of $61.73. The company has a market capitalization of $13.19 billion, a PE ratio of 29.78, a P/E/G ratio of 1.88 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRMB shares. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price 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 “hold (c-)” rating in a research note on Thursday, June 4th. Piper Sandler cut their price target on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company lowered their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Trimble presently has an average rating of “Moderate Buy” and an average target price of $83.78.

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.