Primecap Management Co. CA Takes Position in Trimble Inc. $TRMB

Primecap Management Co. CA purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,915,691 shares of the scientific and technical instruments company’s stock, valued at approximately $200,405,000. Primecap Management Co. CA owned 1.68% of Trimble as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its stake in Trimble by 29.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock worth $17,795,000 after buying an additional 79,069 shares in the last quarter. ABN Amro Investment Solutions raised its position in shares of Trimble by 90.8% during the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock valued at $4,741,000 after buying an additional 28,791 shares in the last quarter. Swedbank AB raised its position in shares of Trimble by 60.0% during the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock valued at $39,816,000 after buying an additional 190,638 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble during the 2nd quarter worth $208,000. Finally, National Pension Service lifted its holdings in shares of Trimble by 49.4% during the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock worth $4,476,000 after acquiring an additional 18,897 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the 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 completion of the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TRMB. Sanford C. Bernstein reduced their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Barclays raised their price objective on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

Trimble Price Performance

TRMB stock opened at $59.43 on Wednesday. The firm’s 50-day moving average price is $54.44 and its two-hundred day moving average price is $60.05. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of -121.28, a PEG ratio of 1.97 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 business posted $0.71 earnings per share. Trimble’s revenue for the quarter 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. As a group, equities analysts predict that Trimble Inc. will post 3.08 earnings per share 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.