Trimble Inc. $TRMB Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 76.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,977 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,973 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Trimble were worth $1,499,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Trimble during the fourth quarter worth $211,000. Empowered Funds LLC raised its stake in shares of Trimble by 9.5% during the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock worth $461,000 after buying an additional 607 shares during the last quarter. Woodline Partners LP boosted its position in shares of Trimble by 41.6% in the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after buying an additional 6,100 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Trimble in the 2nd quarter worth about $208,000. Finally, Marshall Wace LLP grew its stake in Trimble by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock valued at $8,624,000 after acquiring an additional 27,374 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Performance

Shares of TRMB opened at $53.75 on Friday. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The company’s 50 day simple moving average is $53.38 and its 200 day simple moving average is $63.56. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 1.74 and a beta of 1.38. 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 (NASDAQ:TRMB) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. During the same period in the previous year, the company earned $0.61 EPS. Trimble’s revenue for the quarter 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. On average, sell-side analysts predict that Trimble Inc. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TRMB shares. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays dropped their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. JPMorgan Chase & Co. reduced their target price on Trimble from $88.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company lowered their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Piper Sandler reduced their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.78.

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.