Tocqueville Asset Management L.P. Takes $10.63 Million Position in Trimble Inc. $TRMB

Tocqueville Asset Management L.P. bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 207,793 shares of the scientific and technical instruments company’s stock, valued at approximately $10,635,000.

A number of other large investors also recently added to or reduced their stakes in TRMB. NewEdge Wealth LLC purchased a new stake in Trimble during the second quarter valued at about $1,597,000. Generation Investment Management LLP bought a new position in shares of Trimble during the second quarter valued at about $367,994,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Trimble in the second quarter worth about $25,734,000. Danske Bank A S bought a new stake in shares of Trimble in the 2nd quarter valued at about $10,489,000. Finally, Wealthfront Advisers LLC bought a new stake in shares of Trimble in the 2nd quarter valued at about $1,323,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Sanford C. Bernstein lowered their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Barclays increased their price objective on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company decreased their target price 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.78.

Trimble Stock Performance

Trimble stock opened at $59.25 on Thursday. 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 $53.67 and a 200-day moving average of $60.23. The firm has a market cap of $13.82 billion, a P/E ratio of -120.92, a P/E/G ratio of 1.89 and a beta of 1.37. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $84.42.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same period last year, the firm earned $0.71 earnings per share. Trimble’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. Sell-side analysts expect that Trimble Inc. will post 3.01 EPS for the current 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.