Sanctuary Advisors LLC Invests $1.01 Million in Trimble Inc. $TRMB

Sanctuary Advisors LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, HoldingsChannel reports. The institutional investor purchased 19,658 shares of the scientific and technical instruments company’s stock, valued at approximately $1,006,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Trimble by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock valued at $2,395,181,000 after purchasing an additional 304,461 shares in the last quarter. BlackRock Inc. bought a new stake in Trimble in the 2nd quarter worth about $1,096,304,000. State Street Corp increased its holdings in Trimble by 0.4% in the 3rd quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after buying an additional 43,285 shares in the last quarter. Generation Investment Management LLP purchased a new position in Trimble in the 2nd quarter worth about $367,994,000. Finally, Geode Capital Management LLC lifted its stake in Trimble by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock valued at $492,426,000 after acquiring an additional 55,073 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $61.54 on Friday. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of -125.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $54.91 and a 200 day moving average of $59.99.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. 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, research analysts anticipate that Trimble Inc. will post 3.08 earnings per share for the current year.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Piper Sandler reiterated an “overweight” rating and set a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and set a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Finally, Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.78.

Trimble Company 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.