Principal Financial Group Inc. Sells 95,552 Shares of Trimble Inc. $TRMB

Principal Financial Group Inc. lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 21.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 346,504 shares of the scientific and technical instruments company’s stock after selling 95,552 shares during the quarter. Principal Financial Group Inc.’s holdings in Trimble were worth $22,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TRMB. Rothschild Investment LLC grew its stake in 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 buying an additional 213 shares during the last quarter. DV Equities LLC acquired a new stake in Trimble during the fourth quarter worth approximately $26,000. Toth Financial Advisory Corp bought a new stake in shares of Trimble during the fourth quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Trimble during the fourth quarter worth approximately $27,000. Finally, Quarry LP grew its position in shares of Trimble by 175.8% in 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 during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the subject of several research reports. Robert W. Baird dropped their price target on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price objective on Trimble from $88.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wells Fargo & Company reduced their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Piper Sandler decreased their price target on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and an average target price of $83.78.

Trimble Trading Down 2.6%

Shares of TRMB stock opened at $51.85 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market cap of $12.09 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.77 and a beta of 1.38. The stock has a 50 day simple moving average of $53.02 and a 200 day simple moving average of $63.00. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. 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, research analysts predict that Trimble Inc. will post 3 earnings per share for the current fiscal year.

Trimble Company 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.