Canada Pension Plan Investment Board Takes Position in Trimble Inc. $TRMB

Canada Pension Plan Investment Board acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 125,700 shares of the scientific and technical instruments company’s stock, valued at approximately $6,433,000.

A number of other hedge funds have also bought and sold shares of the company. Castleark Management LLC acquired a new position in Trimble in the second quarter valued at $111,000. Legal & General Group Plc bought a new stake in shares of Trimble during the 2nd quarter valued at about $112,613,000. The Manufacturers Life Insurance Company acquired a new stake in Trimble during the second quarter worth approximately $6,349,000. Jones Financial Companies Lllp bought a new stake in Trimble in the second quarter worth approximately $86,000. Finally, Vega Investment Solutions bought a new stake in Trimble in the second quarter worth approximately $29,000. Institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Barclays increased their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company reduced their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Nine equities 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Price Performance

Shares of TRMB opened at $61.01 on Friday. The business’s fifty day moving average is $55.15 and its 200 day moving average is $59.99. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market cap of $14.23 billion, a P/E ratio of -124.51, a P/E/G ratio of 1.98 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating 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 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 posted $0.71 EPS. 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 anticipate that Trimble Inc. will post 3.08 earnings per share for the current fiscal year.

Insider Activity

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

Trimble Profile

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.