Tidal Investments LLC Acquires 29,657 Shares of Trimble Inc. $TRMB

Tidal Investments LLC boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 85.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 64,567 shares of the scientific and technical instruments company’s stock after acquiring an additional 29,657 shares during the quarter. Tidal Investments LLC’s holdings in Trimble were worth $3,305,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Trimble in the 2nd quarter valued at approximately $1,096,304,000. California State Teachers Retirement System grew its stake in shares of Trimble by 3,136.2% during the second quarter. California State Teachers Retirement System now owns 13,865,174 shares of the scientific and technical instruments company’s stock worth $709,620,000 after buying an additional 13,436,735 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Trimble by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock worth $492,426,000 after buying an additional 55,073 shares during the last quarter. Generation Investment Management LLP acquired a new position in shares of Trimble during the second quarter worth $367,994,000. Finally, Contour Asset Management LLC lifted its stake in shares of Trimble by 2.4% in the 4th quarter. Contour Asset Management LLC now owns 3,174,248 shares of the scientific and technical instruments company’s stock valued at $248,702,000 after acquiring an additional 75,245 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Sanford C. Bernstein dropped their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. 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 note on Tuesday, July 14th. Finally, Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Trimble has a consensus rating of “Moderate Buy” and an average target price of $81.78.

Trimble Trading Up 1.9%

NASDAQ TRMB opened at $58.74 on Tuesday. The firm has a market capitalization of $13.70 billion, a PE ratio of -119.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. The business’s 50-day moving average price is $56.82 and its two-hundred day moving average price is $59.34. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Trimble Inc. has a 12 month low of $47.92 and a 12 month 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 (EPS) for the quarter, topping 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%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company 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, analysts expect that Trimble Inc. will post 3.08 EPS for the current year.

Trimble Company Profile

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company’s products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.