Trimble Inc. $TRMB Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 12.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,213,381 shares of the scientific and technical instruments company’s stock after selling 165,132 shares during the quarter. Bank of New York Mellon Corp’s holdings in Trimble were worth $79,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC lifted its holdings in Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $26,000. Toth Financial Advisory Corp purchased a new position in shares of Trimble during the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Trimble in the 4th quarter valued at $27,000. Finally, Quarry LP boosted its holdings in Trimble by 175.8% during the third 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 in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

TRMB opened at $51.85 on Wednesday. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $87.50. The firm has a market capitalization of $12.09 billion, a PE ratio of 27.29, a PEG ratio of 1.77 and a beta of 1.38. 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’s 50-day moving average price is $53.02 and its 200 day moving average price is $63.00.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRMB. Weiss Ratings downgraded shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Barclays dropped their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. JPMorgan Chase & Co. reduced their price target on Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Oppenheimer reiterated an “outperform” rating and set a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.78.

Trimble 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.