Louisiana State Employees Retirement System Purchases Shares of 12,100 Trimble Inc. $TRMB

Louisiana State Employees Retirement System purchased a new position in Trimble Inc. (NASDAQ:TRMB) in the first quarter, Holdings Channel.com reports. The fund purchased 12,100 shares of the scientific and technical instruments company’s stock, valued at approximately $789,000.

Several other institutional investors have also recently made changes to their positions in the company. OP Asset Management Ltd bought a new stake in shares of Trimble during the 1st quarter valued at $2,891,000. Banque Cantonale Vaudoise grew its holdings in Trimble by 108.1% in the first quarter. Banque Cantonale Vaudoise now owns 2,711 shares of the scientific and technical instruments company’s stock worth $177,000 after purchasing an additional 1,408 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Trimble by 45.7% during the first quarter. Assenagon Asset Management S.A. now owns 268,622 shares of the scientific and technical instruments company’s stock valued at $17,522,000 after purchasing an additional 84,298 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Trimble by 4.9% during the first quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company’s stock valued at $279,000 after purchasing an additional 198 shares during the last quarter. Finally, Evolve Private Wealth LLC boosted its position in shares of Trimble by 7.1% in the 1st quarter. Evolve Private Wealth LLC now owns 7,875 shares of the scientific and technical instruments company’s stock worth $514,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of NASDAQ TRMB traded up $1.23 during midday trading on Tuesday, hitting $53.70. 148,067 shares of the company’s stock traded hands, compared to its average volume of 2,353,335. The firm has a fifty day moving average of $55.52 and a 200 day moving average of $65.12. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.77 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share 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 business had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. During the same period last year, the firm earned $0.61 earnings per share. The company’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. On average, analysts forecast that Trimble Inc. will post 2.99 earnings per share for the current year.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. The trade was a 38.67% decrease in their position. The transaction was disclosed in a filing 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president directly owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This represents a 45.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of recent research reports. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company reduced their price objective on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Barclays decreased their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Oppenheimer cut their price target on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Piper Sandler decreased their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.33.

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.