Korea Investment CORP Invests $2.24 Million in Trimble Inc. $TRMB

Korea Investment CORP purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,744 shares of the scientific and technical instruments company’s stock, valued at approximately $2,239,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TRMB. Rothschild Investment LLC increased its position in shares of Trimble by 193.6% during 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 last quarter. Frazier Financial Advisors LLC bought a new position in Trimble during the second quarter valued at about $25,000. DV Equities LLC bought a new position in Trimble during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in Trimble during the fourth quarter worth about $27,000. Finally, Quarry LP raised its position in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Trimble Trading Up 0.7%

Shares of TRMB stock opened at $60.67 on Tuesday. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of -123.81, a PEG ratio of 1.94 and a beta of 1.37. The company’s fifty day simple moving average is $54.27 and its two-hundred day simple moving average is $60.09. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Barclays raised their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Weiss Ratings cut shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $81.78.

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.