Oppenheimer & Co. Inc. Sells 12,047 Shares of Trimble Inc. $TRMB

Oppenheimer & Co. Inc. trimmed its holdings in Trimble Inc. (NASDAQ:TRMB) by 9.1% in the third quarter, Holdings Channel reports. The fund owned 119,937 shares of the scientific and technical instruments company’s stock after selling 12,047 shares during the period. Oppenheimer & Co. Inc.’s holdings in Trimble were worth $6,850,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Trimble in the second quarter worth about $1,096,304,000. Generation Investment Management LLP bought a new position in shares of Trimble during the 2nd quarter valued at about $367,994,000. Primecap Management Co. CA bought a new position in shares of Trimble during the 2nd quarter valued at about $200,405,000. Legal & General Group Plc bought a new position in shares of Trimble during the 2nd quarter valued at about $112,613,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Trimble in the 2nd quarter valued at approximately $109,046,000. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price target on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Wells Fargo & Company lowered their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein lowered their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.56.

Insider Buying and Selling

In other Trimble 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 sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $64.35 on Thursday. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of -131.32, a price-to-earnings-growth ratio of 2.05 and a beta of 1.34. The stock’s 50-day moving average is $59.60 and its 200-day moving average is $61.10. Trimble Inc. has a one year low of $47.92 and a one 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.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. Trimble’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities analysts predict that Trimble Inc. will post 3.10 earnings per share for the current fiscal year.

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.