Wealthfront Advisers LLC Boosts Stake in Trimble Inc. $TRMB

Wealthfront Advisers LLC boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,777 shares of the scientific and technical instruments company’s stock after buying an additional 9,518 shares during the period. Wealthfront Advisers LLC’s holdings in Trimble were worth $3,638,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Trimble during the 4th quarter valued at approximately $211,000. Empowered Funds LLC grew its holdings in shares of Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after purchasing an additional 607 shares in the last quarter. Woodline Partners LP increased its position in Trimble by 41.6% in the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Trimble during the second quarter valued at $208,000. Finally, Marshall Wace LLP lifted its position in Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock valued at $8,624,000 after purchasing an additional 27,374 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of a number of research reports. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. lowered their price target on shares of Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Barclays decreased their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trimble currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.78.

Trimble Stock Performance

TRMB stock opened at $52.72 on Monday. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $87.50. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $53.21 and its two-hundred day simple moving average is $63.37.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same quarter last year, the business earned $0.61 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, analysts anticipate that Trimble Inc. will post 3 earnings per share for the current year.

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.