239,499 Trimble Inc. $TRMB Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 5.4% during the third quarter, Holdings Channel.com reports. The firm owned 4,687,967 shares of the scientific and technical instruments company’s stock after purchasing an additional 239,499 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Trimble were worth $267,730,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRMB. Mirae Asset Global Investments Co. Ltd. bought a new position in Trimble in the third quarter worth about $3,427,000. Vise Technologies Inc. bought a new stake in shares of Trimble in the 3rd quarter valued at about $406,000. Grandfield & Dodd LLC boosted its holdings in shares of Trimble by 1.9% in the 3rd quarter. Grandfield & Dodd LLC now owns 398,551 shares of the scientific and technical instruments company’s stock valued at $22,761,000 after buying an additional 7,584 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Trimble by 5.3% in the 3rd quarter. MGO One Seven LLC now owns 5,800 shares of the scientific and technical instruments company’s stock valued at $331,000 after buying an additional 291 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Trimble by 456.8% in the 3rd quarter. International Assets Investment Management LLC now owns 15,000 shares of the scientific and technical instruments company’s stock worth $857,000 after buying an additional 12,306 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $64.94 on Friday. The firm has a market capitalization of $15.14 billion, a P/E ratio of -132.53, a PEG ratio of 2.10 and a beta of 1.34. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $59.83 and a 200 day moving average price of $60.94. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42.

Trimble (NASDAQ:TRMB) last released its earnings results 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. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Trimble’s revenue was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Sell-side analysts expect that Trimble Inc. will post 3.10 EPS for the current year.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares in the company, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of several recent analyst reports. Sanford C. Bernstein reduced their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Weiss Ratings raised shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Loop Capital assumed coverage on shares of Trimble in a research note on Monday, October 26th. They issued a “buy” rating and a $76.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.56.

Trimble 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.