WINTON GROUP Ltd Buys New Shares in Trimble Inc. $TRMB

WINTON GROUP Ltd bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,700 shares of the scientific and technical instruments company’s stock, valued at approximately $496,000.

A number of other large investors have also bought and sold shares of the stock. IFP Advisors Inc boosted its position in shares of Trimble by 10.3% during the 2nd quarter. IFP Advisors Inc now owns 30,893 shares of the scientific and technical instruments company’s stock worth $1,581,000 after purchasing an additional 2,894 shares in the last quarter. Arizona State Retirement System increased its position in Trimble by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 67,070 shares of the scientific and technical instruments company’s stock valued at $3,433,000 after buying an additional 2,421 shares in the last quarter. Empirical Finance LLC increased its position in Trimble by 4.2% in the 2nd quarter. Empirical Finance LLC now owns 7,181 shares of the scientific and technical instruments company’s stock valued at $368,000 after buying an additional 288 shares in the last quarter. Nykredit A S acquired a new position in Trimble during the 2nd quarter worth approximately $4,604,000. Finally, Saudi Central Bank boosted its holdings in Trimble by 86.5% in the second quarter. Saudi Central Bank now owns 16,375 shares of the scientific and technical instruments company’s stock worth $838,000 after acquiring an additional 7,593 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trimble

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRMB. Wall Street Zen cut Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Barclays increased their target price on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler reissued an “overweight” rating and issued a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Raymond James Financial lowered shares of 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 research report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.78.

Trimble Price Performance

TRMB opened at $58.80 on Wednesday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. 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 company has a market capitalization of $13.71 billion, a price-to-earnings ratio of -120.00, a P/E/G ratio of 1.90 and a beta of 1.36. The firm’s fifty day moving average price is $56.92 and its two-hundred day moving average price is $59.28.

Trimble (NASDAQ:TRMB) last announced its 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 company had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’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, analysts anticipate that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Trimble Company Profile

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company’s products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.