Arrowstreet Capital Limited Partnership Acquires 1,279,030 Shares of Trimble Inc. $TRMB

Arrowstreet Capital Limited Partnership raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 487.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,541,598 shares of the scientific and technical instruments company’s stock after buying an additional 1,279,030 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.66% of Trimble worth $100,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TRMB. 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 worth $485,747,000 after purchasing an additional 3,455,949 shares in the last quarter. Norges Bank bought a new stake in Trimble during the fourth quarter valued at about $213,133,000. Ninety One UK Ltd bought a new stake in Trimble during the fourth quarter valued at about $67,741,000. Massachusetts Financial Services Co. MA increased its position in Trimble by 19.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after buying an additional 675,134 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Trimble by 73.1% in the second quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after buying an additional 542,245 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TRMB shares. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Oppenheimer restated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a research note on Tuesday, July 7th. Wells Fargo & Company cut 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. Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Robert W. Baird lowered their target price on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Trimble presently has an average rating of “Moderate Buy” and a consensus price target of $83.78.

Trimble Stock Up 5.1%

Shares of TRMB opened at $52.91 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.38. Trimble Inc. has a 1 year low of $47.92 and a 1 year high of $87.50. The business’s 50 day simple moving average is $52.77 and its 200-day simple moving average is $62.54.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same period last year, the firm posted $0.61 earnings per share. Trimble’s revenue for the quarter was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, equities analysts expect that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

Trimble Company 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.