Mirae Asset Global Investments Co. Ltd. Purchases 60,004 Shares of Trimble Inc. $TRMB

Mirae Asset Global Investments Co. Ltd. bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,004 shares of the scientific and technical instruments company’s stock, valued at approximately $3,427,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Trimble during the second quarter worth $1,096,304,000. State Street Corp increased its stake in Trimble by 7.9% during the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after purchasing an additional 849,549 shares in the last quarter. Generation Investment Management LLP bought a new position in Trimble in the second quarter valued at approximately $367,994,000. Primecap Management Co. CA bought a new stake in shares of Trimble during the second quarter worth $200,405,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Trimble by 15.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company’s stock valued at $245,043,000 after acquiring an additional 501,853 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 2,476 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $65.00, for a total value of $160,940.00. Following the transaction, the director directly owned 14,950 shares in the company, valued at approximately $971,750. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Trending Headlines about Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q3 revenue rose 7.3% year over year to about $967 million, while earnings per share met consensus estimates. Strength in AECO (architecture, engineering, construction and owner) markets helped lift results. Annual recurring revenue reached a record $2.56 billion, with recurring revenue up 11%. Zacks article
• Neutral Sentiment: Matthew C. Brown joined Trimble’s board. The news did not include a specific financial or operating impact. Yahoo Finance article
• Negative Sentiment: Slower expected growth in recurring revenue weighed on the 2026 outlook, despite the record ARR. Another report said GAAP profit nearly halved, raising concerns about profitability alongside the growth figures. American Banking News article
• Negative Sentiment: Several firms lowered their price targets after the results: JPMorgan cut its target to $73 from $75, Baird to $67 from $70, Loop Capital to $70 from $76, and Wells Fargo to $60 from $61. JPMorgan and Wells Fargo retained Overweight ratings, but the reductions suggest more cautious expectations. Loop Capital price-target article

Trimble Stock Performance

NASDAQ:TRMB traded up $0.47 during mid-day trading on Friday, hitting $54.11. The stock had a trading volume of 3,163,231 shares, compared to its average volume of 1,777,863. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of -77.30, a PEG ratio of 2.13 and a beta of 1.32. The company’s 50 day simple moving average is $59.67 and its 200 day simple moving average is $60.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The firm had revenue of $966.80 million for the quarter, compared to analyst estimates of $966.41 million. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Trimble Inc. will post 3.10 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRMB. Wells Fargo & Company cut their price target on Trimble from $61.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Trimble from $75.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday. Loop Capital started coverage on shares of Trimble in a research note on Monday, October 26th. They set a “buy” rating and a $76.00 price objective for the company. Barclays lifted their target price on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen lowered Trimble from a “buy” rating to a “hold” rating in a report on Saturday. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.44.

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.