Hsbc Holdings PLC Makes New Investment in Trimble Inc. $TRMB

Hsbc Holdings PLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,131,439 shares of the scientific and technical instruments company’s stock, valued at approximately $109,046,000. Hsbc Holdings PLC owned 0.91% of Trimble as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

TRMB has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on 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. boosted their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Oppenheimer restated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Sanford C. Bernstein decreased their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Finally, Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Insiders Place Their Bets

In other Trimble 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 value of $103,080.00. Following the transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed 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 insiders.

Trimble Stock Performance

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

Trimble (NASDAQ:TRMB) last issued its 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. 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 the consensus estimate of $952.09 million. During the same period last year, the company earned $0.71 EPS. The company’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. On average, research analysts anticipate that Trimble Inc. will post 3.08 earnings per share for the current year.

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.