Hsbc Holdings PLC Purchases Shares of 2,131,439 Trimble Inc. $TRMB

Hsbc Holdings PLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,131,439 shares of the scientific and technical instruments company’s stock, valued at approximately $109,046,000.

Several other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC lifted its position in shares of Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 213 shares in the last quarter. DV Equities LLC acquired a new position in shares of Trimble in the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in Trimble during the 4th quarter worth approximately $27,000. Quarry LP increased its stake in Trimble by 175.8% during the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 232 shares during the period. Finally, BOKF NA lifted its holdings in Trimble by 103.8% during the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 217 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TRMB. Oppenheimer reissued an “outperform” rating and issued a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Barclays lifted their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company lowered their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Trading Down 2.0%

NASDAQ:TRMB opened at $59.43 on Wednesday. The stock’s 50 day moving average price is $54.44 and its 200 day moving average price is $60.05. The company has a market capitalization of $13.86 billion, a PE ratio of -121.28, a P/E/G ratio of 1.97 and a beta of 1.37. 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.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share 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 analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm’s revenue for the quarter 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, research analysts anticipate that Trimble Inc. will post 3.08 EPS for the current year.

Insider Activity at Trimble

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

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.