Danske Bank A S Buys Shares of 204,938 Trimble Inc. $TRMB

Danske Bank A S bought a new position in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 204,938 shares of the scientific and technical instruments company’s stock, valued at approximately $10,489,000. Danske Bank A S owned 0.09% of Trimble as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC increased its holdings in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares during the period. DV Equities LLC acquired a new stake in shares of Trimble during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Trimble during the fourth quarter valued at approximately $27,000. Quarry LP grew its position in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 232 shares in the last quarter. Finally, BOKF NA increased its stake in Trimble by 103.8% in the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 217 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Up 1.0%

TRMB opened at $60.25 on Friday. The firm has a market cap of $14.05 billion, a P/E ratio of -122.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. The business has a 50 day moving average price of $54.06 and a 200 day moving average price of $60.17. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42.

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. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Trimble Inc. will post 3.01 EPS for the current year.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Sanford C. Bernstein dropped their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Wall Street Zen lowered Trimble from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Barclays lifted their price objective on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Insider Transactions at Trimble

In related 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 value of $103,080.00. Following the transaction, the director owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

About Trimble

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.