Saranac Partners Ltd Acquires Shares of 75,368 Trimble Inc. $TRMB

Saranac Partners Ltd purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 75,368 shares of the scientific and technical instruments company’s stock, valued at approximately $3,854,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC grew its stake in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Trimble in the 2nd quarter valued at $25,000. DV Equities LLC purchased a new position in Trimble during the 4th quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in Trimble during the 4th quarter worth $27,000. Finally, Quarry LP lifted its stake in shares of Trimble by 175.8% in the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 232 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Sanford C. Bernstein dropped their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.78.

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 shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the transaction, the director 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Trimble Stock Performance

Shares of TRMB opened at $60.25 on Monday. 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 Inc. has a 1-year low of $47.92 and a 1-year high of $84.42. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of -122.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. The firm has a 50 day simple moving average of $54.06 and a 200-day simple moving average of $60.12.

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 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 firm had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter in the prior year, the firm earned $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. Equities analysts forecast that Trimble Inc. will post 3.1 EPS for the current fiscal year.

Trimble Company 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.