43,168 Shares in Trimble Inc. $TRMB Purchased by Man Group plc

Man Group plc bought a new stake in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 43,168 shares of the scientific and technical instruments company’s stock, valued at approximately $2,209,000.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC boosted its stake in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares in the last quarter. DV Equities LLC acquired a new position in Trimble in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in Trimble in the 4th quarter worth about $27,000. Quarry LP boosted its stake in shares of Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 232 shares in the last quarter. Finally, BOKF NA grew its holdings in shares of Trimble by 103.8% during the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Down 1.7%

Shares of TRMB opened at $58.94 on Wednesday. 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 firm has a market cap of $13.74 billion, a P/E ratio of -120.28, a price-to-earnings-growth ratio of 1.94 and a beta of 1.36. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The company has a 50 day simple moving average of $55.55 and a two-hundred day simple moving average of $59.84.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities analysts expect that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRMB. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Wells Fargo & Company lowered their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price objective on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Nine equities research 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. According to MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction dated 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 transaction, the director owned 17,426 shares of the company’s stock, valued at $1,045,560. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

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.