11,691 Shares in Trimble Inc. $TRMB Purchased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,691 shares of the scientific and technical instruments company’s stock, valued at approximately $598,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Trimble in the 4th quarter worth approximately $211,000. Empowered Funds LLC increased its holdings in Trimble by 9.5% during 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 buying an additional 607 shares during the period. Woodline Partners LP increased its holdings in Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after buying an additional 6,100 shares during the period. Sivia Capital Partners LLC bought a new position in Trimble in the second quarter worth approximately $208,000. Finally, Marshall Wace LLP raised its stake in Trimble by 31.8% in the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after buying an additional 27,374 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the transaction, the director directly owned 17,426 shares of the company’s stock, valued at $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRMB. Sanford C. Bernstein dropped their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Oppenheimer restated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Wells Fargo & Company dropped their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted 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. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.78.

Trimble Price Performance

Shares of TRMB opened at $60.25 on Friday. The company has a 50 day moving average of $54.06 and a two-hundred day moving average of $60.17. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42. The company has a market cap of $14.05 billion, a price-to-earnings ratio of -122.96, a price-to-earnings-growth ratio of 2.00 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. 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, analysts predict that Trimble Inc. will post 3.1 earnings per share for the current fiscal 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.