Trimble Inc. $TRMB Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its position in shares of Trimble Inc. (NASDAQ:TRMB) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,937 shares of the scientific and technical instruments company’s stock after selling 12,047 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.05% of Trimble worth $6,850,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TRMB. SBI Securities Co. Ltd. raised its holdings in Trimble by 32.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 199 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Trimble by 5.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,127 shares of the scientific and technical instruments company’s stock valued at $269,000 after purchasing an additional 203 shares during the last quarter. State of Wyoming boosted its stake in shares of Trimble by 14.5% in the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock valued at $124,000 after purchasing an additional 240 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Trimble by 6.2% in the 3rd quarter. Brookstone Capital Management now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $242,000 after purchasing an additional 248 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Trimble by 1.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,339 shares of the scientific and technical instruments company’s stock worth $1,522,000 after buying an additional 268 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of TRMB opened at $64.35 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. 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 $15.01 billion, a P/E ratio of -131.32, a price-to-earnings-growth ratio of 2.05 and a beta of 1.34. The stock’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $61.10.

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 analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. Trimble’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities analysts predict that Trimble Inc. will post 3.10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TRMB shares. Wells Fargo & Company dropped their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Loop Capital assumed coverage on shares of Trimble in a research note on Monday. They issued a “buy” rating and a $76.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price objective on shares of Trimble 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 report on Thursday, October 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Trimble presently has an average rating of “Moderate Buy” and an average price target of $79.56.

Insider Transactions at Trimble

In related 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 transaction of $103,080.00. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

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.