Danica Pension Livsforsikringsaktieselskab Invests $25.73 Million in Trimble Inc. $TRMB

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 502,817 shares of the scientific and technical instruments company’s stock, valued at approximately $25,734,000.

A number of other hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC increased its position in Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 213 shares during the last quarter. DV Equities LLC acquired a new position in Trimble in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new position in Trimble in the 4th quarter valued at about $27,000. Quarry LP grew its stake in shares of Trimble by 175.8% in the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 232 shares during the period. Finally, BOKF NA grew its stake in shares of Trimble by 103.8% in the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of TRMB opened at $56.99 on Wednesday. The firm has a 50-day simple moving average of $53.50 and a two-hundred day simple moving average of $60.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The stock has a market cap of $13.28 billion, a PE ratio of -116.30, a P/E/G ratio of 1.91 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter last year, the company posted $0.71 EPS. The firm’s quarterly 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. As a group, analysts forecast that Trimble Inc. will post 3.01 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRMB. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wall Street Zen lowered Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company cut their target price on 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. lifted their target price on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.67.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

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.