Munich Reinsurance Co Stock Corp in Munich Has $2.99 Million Holdings in Trimble Inc. $TRMB

Munich Reinsurance Co Stock Corp in Munich boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 22.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,444 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,678 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Trimble were worth $2,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRMB. Brighton Jones LLC bought a new position in Trimble during the 4th quarter valued at $211,000. Empowered Funds LLC raised its holdings in shares of Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after purchasing an additional 607 shares during the last quarter. Woodline Partners LP lifted its position in shares of Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after purchasing an additional 6,100 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Trimble during the second quarter valued at about $208,000. Finally, Marshall Wace LLP boosted its holdings in Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after purchasing an additional 27,374 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were 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 of the company’s stock, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Trading Down 1.0%

Shares of TRMB stock opened at $59.47 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $13.87 billion, a P/E ratio of -121.36, a PEG ratio of 1.95 and a beta of 1.36. The company has a 50 day moving average of $56.11 and a 200-day moving average of $59.74. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share 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 business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same period in the prior year, the company earned $0.71 earnings per share. Trimble’s revenue 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. Sell-side analysts anticipate that Trimble Inc. will post 3.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. Barclays increased their price target on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Finally, Sanford C. Bernstein reduced their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.