Generation Investment Management LLP Makes New Investment in Trimble Inc. $TRMB

Generation Investment Management LLP bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, HoldingsChannel reports. The institutional investor bought 7,190,197 shares of the scientific and technical instruments company’s stock, valued at approximately $367,994,000. Trimble comprises 3.6% of Generation Investment Management LLP’s holdings, making the stock its 9th biggest holding.

A number of other large investors have also recently modified their holdings of TRMB. Danica Pension Livsforsikringsaktieselskab bought a new position in Trimble in the second quarter worth approximately $25,734,000. Danske Bank A S bought a new stake in Trimble during the 2nd quarter valued at $10,489,000. Wealthfront Advisers LLC purchased a new stake in shares of Trimble in the 2nd quarter worth $1,323,000. Summit Creek Advisors LLC bought a new position in shares of Trimble during the 2nd quarter worth $387,000. Finally, Meeder Advisory Services Inc. bought a new position in shares of Trimble during the 2nd quarter worth $348,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 1,718 shares of the 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 completion of the sale, the director owned 17,426 shares of the company’s stock, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Trimble Price Performance

TRMB opened at $59.25 on Thursday. The firm has a market capitalization of $13.82 billion, a PE ratio of -120.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The business’s 50-day moving average is $53.67 and its two-hundred day moving average is $60.23. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42.

Trimble (NASDAQ:TRMB) last released its quarterly 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. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Research analysts anticipate that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several recent research reports. Wall Street Zen downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Oppenheimer restated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Sanford C. Bernstein lowered their price target 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. Finally, Wells Fargo & Company dropped their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average target price of $81.78.

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.