Redwood Investment Management LLC Acquires New Position in Trimble Inc. $TRMB

Redwood Investment Management LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 23,026 shares of the scientific and technical instruments company’s stock, valued at approximately $1,178,000.

A number of other hedge funds have also recently made changes to their positions in the business. Parvin Asset Management LLC purchased a new position in Trimble in the 2nd quarter worth $120,000. Corient Private Wealth LP bought a new stake in Trimble in the second quarter valued at approximately $778,000. Bank of America Corp DE purchased a new stake in shares of Trimble during the second quarter valued at approximately $70,245,000. American Capital Management Inc. bought a new position in shares of Trimble in the second quarter worth approximately $972,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in Trimble during the 2nd quarter valued at $229,000. 93.21% of the stock is currently owned by institutional investors.

Insider Activity at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s 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 sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Trimble Stock Up 0.4%

Shares of TRMB opened at $59.68 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. Trimble Inc. has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a market cap of $13.92 billion, a PE ratio of -121.79, a P/E/G ratio of 1.93 and a beta of 1.37. The business has a fifty day moving average of $54.66 and a 200 day moving average of $60.02.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating 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%.Trimble’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, sell-side analysts expect that Trimble Inc. will post 3.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays upped 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 reaffirmed an “outperform” rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Wells Fargo & Company reduced their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trimble has an average rating of “Moderate Buy” and an average price target of $81.78.

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.