Trimble Inc. $TRMB Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 45.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,167,464 shares of the scientific and technical instruments company’s stock after selling 2,628,987 shares during the quarter. Wellington Management Group LLP owned 1.36% of Trimble worth $162,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TRMB. Rothschild Investment LLC grew its holdings in Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 213 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Trimble in the 2nd quarter valued at about $25,000. DV Equities LLC acquired a new position in Trimble during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Trimble during the 4th quarter worth $27,000. Finally, Vega Investment Solutions purchased a new stake in Trimble during the second quarter valued at about $29,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Piper Sandler reiterated an “overweight” rating and set a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. 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 cut 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, Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and an average target price of $81.78.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $59.94 on Tuesday. 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 company has a market capitalization of $13.98 billion, a price-to-earnings ratio of -122.32, a PEG ratio of 1.98 and a beta of 1.37. The business has a 50-day moving average of $55.36 and a 200-day moving average of $59.88.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating 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 positive return on equity of 12.29% and a negative net margin of 2.77%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period last 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, equities analysts anticipate that Trimble Inc. will post 3.08 EPS for the current fiscal year.

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.