Sequoia Financial Advisors LLC Grows Position in Trimble Inc. $TRMB

Sequoia Financial Advisors LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 76.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,977 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,973 shares during the period. Sequoia Financial Advisors LLC’s holdings in Trimble were worth $1,499,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Trimble by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock worth $2,395,181,000 after buying an additional 304,461 shares during the period. State Street Corp grew its position in Trimble by 0.4% during the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock valued at $894,183,000 after acquiring an additional 43,285 shares during the period. Geode Capital Management LLC increased its stake in Trimble by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock worth $492,426,000 after acquiring an additional 55,073 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Trimble by 126.0% in the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after purchasing an additional 3,455,949 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after purchasing an additional 675,134 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Performance

Shares of Trimble stock opened at $53.75 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The firm’s 50-day simple moving average is $53.38 and its 200-day simple moving average is $63.56. The firm has a market cap of $12.53 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same period in the previous year, the company earned $0.61 earnings per share. Trimble’s quarterly revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Equities analysts forecast that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Piper Sandler dropped their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Barclays cut their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Weiss Ratings lowered Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.78.

About Trimble

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.