Cornerstone Capital Inc. Takes Position in Trimble Inc. $TRMB

Cornerstone Capital Inc. bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 237,852 shares of the scientific and technical instruments company’s stock, valued at approximately $12,173,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRMB. Peapack Gladstone Financial Corp grew its stake in shares of Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after buying an additional 125 shares during the last quarter. Fiduciary Trust Co lifted its stake in shares of Trimble by 1.9% during the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after acquiring an additional 151 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Trimble by 11.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock worth $126,000 after acquiring an additional 155 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its holdings in Trimble by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock valued at $3,098,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Transactions at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction 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 transaction, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday. Oppenheimer reissued an “outperform” rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays reduced their price target on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Trimble Stock Performance

Shares of Trimble stock opened at $57.60 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $53.38 and its 200-day moving average price is $60.56. The firm has a market cap of $13.43 billion, a P/E ratio of -117.55, a P/E/G ratio of 1.91 and a beta of 1.37. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (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 company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same period in the prior year, the business earned $0.71 EPS. The firm’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. On average, equities research analysts expect that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

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.