California Public Employees Retirement System Has $28.83 Million Position in Trimble Inc. $TRMB

California Public Employees Retirement System lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,011 shares of the scientific and technical instruments company’s stock after selling 28,660 shares during the quarter. California Public Employees Retirement System’s holdings in Trimble were worth $28,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ABN Amro Investment Solutions raised its stake in 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 acquiring an additional 28,791 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Trimble in the second quarter valued at about $208,000. SG Americas Securities LLC increased its holdings in Trimble by 164.8% during the 4th quarter. SG Americas Securities LLC now owns 254,339 shares of the scientific and technical instruments company’s stock valued at $19,927,000 after purchasing an additional 158,287 shares in the last quarter. National Pension Service raised its position 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 valued at $4,476,000 after purchasing an additional 18,897 shares during the last quarter. Finally, Swedbank AB boosted its stake 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 worth $39,816,000 after purchasing an additional 190,638 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

TRMB stock opened at $51.85 on Wednesday. The business’s 50-day moving average price is $53.02 and its two-hundred day moving average price is $63.00. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The firm has a market cap of $12.09 billion, a PE ratio of 27.29, a P/E/G ratio of 1.77 and a beta of 1.38. Trimble Inc. has a 1-year low of $47.92 and a 1-year high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $939.90 million during the quarter, compared to the consensus estimate of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. 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, research analysts forecast that Trimble Inc. will post 3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TRMB shares. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Robert W. Baird lowered their price target on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Piper Sandler reduced their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.78.

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.