Elevation Point Wealth Partners LLC Makes New Investment in Trimble Inc. $TRMB

Elevation Point Wealth Partners LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 17,126 shares of the scientific and technical instruments company’s stock, valued at approximately $877,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Trimble during the second quarter valued at approximately $1,096,304,000. Generation Investment Management LLP purchased a new stake in Trimble in the 2nd quarter worth approximately $367,994,000. 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 purchasing an additional 3,455,949 shares during the period. Norges Bank purchased a new stake in shares of Trimble in the fourth quarter worth $213,133,000. Finally, Deutsche Bank AG bought a new stake in Trimble during the second quarter valued at $84,147,000. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TRMB shares. Piper Sandler restated an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Sanford C. Bernstein dropped their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company 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 on the stock in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Nine 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing 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. 0.59% of the stock is owned by corporate insiders.

Trimble Stock Performance

NASDAQ:TRMB opened at $60.67 on Tuesday. The business has a 50 day moving average of $54.27 and a 200 day moving average of $60.09. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -123.81, a PEG ratio of 1.94 and a beta of 1.37. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. 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 (NASDAQ:TRMB) last announced 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. The firm had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. 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, sell-side analysts predict that Trimble Inc. will post 3.1 earnings per share for the current fiscal year.

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.