Trimble (NASDAQ:TRMB) Coverage Initiated by Analysts at Loop Capital

Analysts at Loop Capital initiated coverage on shares of Trimble (NASDAQ:TRMB) in a research report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating on the scientific and technical instruments company’s stock.

Other equities analysts have also recently issued reports about the company. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company dropped their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.56.

Trimble Price Performance

NASDAQ TRMB opened at $63.16 on Monday. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The business’s 50-day simple moving average is $59.46 and its 200-day simple moving average is $61.17. The firm has a market capitalization of $14.73 billion, a P/E ratio of -128.90 and a beta of 1.34.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. Trimble’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities research analysts expect that Trimble will post 3.10 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

Institutional Trading of Trimble

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Trimble during the second quarter valued at $1,096,304,000. State Street Corp lifted its stake in shares of Trimble by 7.9% in the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock valued at $595,976,000 after purchasing an additional 849,549 shares during the period. Generation Investment Management LLP acquired a new stake in shares of Trimble during the second quarter worth $367,994,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Trimble by 15.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company’s stock valued at $245,043,000 after purchasing an additional 501,853 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in Trimble during the second quarter worth about $200,405,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.