Varma Mutual Pension Insurance Co Takes $8.19 Million Position in Trimble Inc. $TRMB

Varma Mutual Pension Insurance Co bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 160,100 shares of the scientific and technical instruments company’s stock, valued at approximately $8,194,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Trimble in the second quarter worth approximately $1,096,304,000. Generation Investment Management LLP acquired a new stake in shares of Trimble during the 2nd quarter worth approximately $367,994,000. Wellington Management Group LLP increased its stake in shares of Trimble by 126.0% in the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after acquiring an additional 3,455,949 shares in the last quarter. Norges Bank bought a new stake in shares of Trimble in the 4th quarter valued at $213,133,000. Finally, Deutsche Bank AG acquired a new position in shares of Trimble during the 2nd quarter valued at $84,147,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.

Trimble Stock Performance

NASDAQ:TRMB opened at $60.25 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The firm has a 50-day moving average of $54.06 and a 200-day moving average of $60.12. The company has a market cap of $14.05 billion, a PE ratio of -122.96, a PEG ratio of 1.94 and a beta of 1.37. Trimble Inc. has a one year low of $47.92 and a one year 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 for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. 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, equities research analysts expect that Trimble Inc. will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research reports. Sanford C. Bernstein reduced their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. increased their price target on Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

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.