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Valued at a market cap of $19.2 billion, Trimble Inc. (TRMB) is a technology company that provides advanced positioning, modeling, and data analytics solutions. The Westminster, Colorado-based company integrates technologies such as GPS, laser, optics, and software to improve productivity, accuracy, and safety across various industries, including construction, agriculture, transportation, and geospatial services.
This tech company has underperformed the broader market over the past 52 weeks. Shares of Trimble have gained 8.5% over this time frame, while the broader S&P 500 Index ($SPX) has surged 13.4%. Moreover, on a YTD basis, the stock is up 11.6%, compared to SPX’s 14.3% return.