Pictet Asset Management Holding SA Has $37.99 Million Stock Position in Trimble Inc. $TRMB

Pictet Asset Management Holding SA raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 19.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 582,360 shares of the scientific and technical instruments company’s stock after acquiring an additional 94,743 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Trimble were worth $37,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC boosted its stake in shares of Trimble by 17.5% during the 3rd quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock worth $68,555,000 after buying an additional 124,772 shares during the last quarter. ARK Investment Management LLC grew its holdings in shares of Trimble by 13.8% in the 3rd quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock valued at $74,990,000 after acquiring an additional 111,450 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Trimble by 2.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock valued at $126,619,000 after acquiring an additional 42,929 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in Trimble during the third quarter worth about $3,969,000. Finally, Intech Investment Management LLC raised its holdings in Trimble by 443.0% during the third quarter. Intech Investment Management LLC now owns 39,928 shares of the scientific and technical instruments company’s stock worth $3,260,000 after acquiring an additional 32,575 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of TRMB opened at $51.18 on Wednesday. The company’s 50-day moving average is $56.79 and its 200-day moving average is $65.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The firm has a market capitalization of $11.93 billion, a PE ratio of 26.94, a PEG ratio of 1.70 and a beta of 1.38. Trimble Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The business had revenue of $939.90 million during the quarter, compared to the consensus estimate of $905.60 million. During the same quarter in the previous year, the firm posted $0.61 EPS. Trimble’s revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Equities analysts forecast that Trimble Inc. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of analyst reports. Barclays decreased their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Robert W. Baird dropped their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Oppenheimer cut their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Piper Sandler lowered their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Finally, Wells Fargo & Company dropped their price target on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the sale, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the transaction, the vice president directly owned 19,668 shares in the company, valued at $1,317,952.68. The trade was a 45.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.59% of the company’s stock.

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.