Sumitomo Life Insurance Co. Purchases Shares of 11,691 Trimble Inc. $TRMB

Sumitomo Life Insurance Co. purchased a new position in Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,691 shares of the scientific and technical instruments company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in shares of Trimble by 29.4% in the second quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock worth $17,795,000 after purchasing an additional 79,069 shares during the last quarter. ABN Amro Investment Solutions lifted its holdings in shares of Trimble by 90.8% during the fourth quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after purchasing an additional 28,791 shares during the period. Swedbank AB boosted its position in Trimble by 60.0% in the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock valued at $39,816,000 after buying an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Trimble in the second quarter valued at approximately $208,000. Finally, National Pension Service increased its holdings in Trimble by 49.4% in the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock worth $4,476,000 after buying an additional 18,897 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of recent research reports. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Finally, Sanford C. Bernstein decreased their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.78.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were 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 in the company, valued at $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Trimble Stock Up 1.0%

Shares of TRMB stock opened at $60.25 on Friday. The stock has a 50 day moving average of $54.06 and a 200 day moving average of $60.17. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock has a market cap of $14.05 billion, a P/E ratio of -122.96, a P/E/G ratio of 2.00 and a beta of 1.37. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $84.42.

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 company had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.Trimble’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Trimble Inc. will post 3.1 EPS for the current year.

About Trimble

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.