Trimble Inc. $TRMB Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 48.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,460 shares of the scientific and technical instruments company’s stock after selling 29,156 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Trimble were worth $1,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Trimble in the second quarter worth about $1,096,304,000. State Street Corp raised its position in shares of Trimble by 7.9% during the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after purchasing an additional 849,549 shares during the period. Generation Investment Management LLP acquired a new stake in shares of Trimble during the 2nd quarter worth approximately $367,994,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Trimble by 15.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company’s stock worth $245,043,000 after purchasing an additional 501,853 shares during the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Trimble in the 2nd quarter worth approximately $200,405,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Down 0.8%

Trimble stock opened at $63.49 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 50-day moving average price of $59.23 and a two-hundred day moving average price of $57.87. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of -129.57, a PEG ratio of 2.07 and a beta of 1.34. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter in the prior year, the firm earned $0.71 EPS. Trimble’s quarterly revenue was up 11.0% on a year-over-year basis. 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 expect that Trimble Inc. will post 3.10 earnings per share for the current year.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Barclays upped their price objective on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their target price on Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Finally, Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Eight equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

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.