Saranac Partners Ltd Invests $3.85 Million in Trimble Inc. $TRMB

Saranac Partners Ltd purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,368 shares of the scientific and technical instruments company’s stock, valued at approximately $3,854,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Trimble in the 2nd quarter valued at $1,096,304,000. Generation Investment Management LLP purchased a new position in Trimble during the second quarter worth about $367,994,000. Wellington Management Group LLP grew its stake 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 valued at $485,747,000 after buying an additional 3,455,949 shares during the period. Norges Bank acquired a new stake in shares of Trimble during the 4th quarter worth approximately $213,133,000. Finally, Deutsche Bank AG purchased a new stake in shares of Trimble during the 2nd quarter valued at approximately $84,147,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $60.25 on Monday. The stock’s 50-day simple moving average is $54.06 and its 200-day simple moving average is $60.12. The firm has a market capitalization of $14.05 billion, a PE ratio of -122.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, equities research analysts forecast that Trimble Inc. will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRMB. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Sanford C. Bernstein decreased their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Sunday. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Finally, Barclays upped their price target on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nine investment 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

Insider Activity at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

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.