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

Arrowstreet Capital Limited Partnership grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 487.1% in the first quarter, Holdings Channel reports. The firm owned 1,541,598 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,279,030 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Trimble were worth $100,558,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming increased its stake in Trimble by 14.5% in the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock worth $124,000 after buying an additional 240 shares during the period. Cetera Investment Advisers boosted its position in Trimble by 12.3% in the 1st quarter. Cetera Investment Advisers now owns 48,844 shares of the scientific and technical instruments company’s stock valued at $3,186,000 after buying an additional 5,349 shares during the period. First Trust Advisors LP boosted its position in Trimble by 68.5% in the 1st quarter. First Trust Advisors LP now owns 162,398 shares of the scientific and technical instruments company’s stock valued at $10,593,000 after buying an additional 65,996 shares during the period. PNC Financial Services Group Inc. grew its stake in Trimble by 72.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 65,641 shares of the scientific and technical instruments company’s stock worth $4,282,000 after acquiring an additional 27,516 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS bought a new position in Trimble in the 1st quarter worth about $238,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Up 5.1%

Trimble stock opened at $52.91 on Friday. The business has a fifty day moving average of $52.77 and a two-hundred day moving average of $62.54. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The firm has a market cap of $12.33 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.76 and a beta of 1.38. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB) last announced 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. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, analysts forecast that Trimble Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Robert W. Baird dropped their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Barclays decreased their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. lowered their target price on Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.