Trimble Inc. (NASDAQ:TRMB) Receives $83.78 Consensus Price Target from Brokerages

Trimble Inc. (NASDAQ:TRMB) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $83.7778.

Several research analysts have weighed in on the stock. Robert W. Baird lowered their target price on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer restated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Finally, Piper Sandler decreased their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On Trimble

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after acquiring an additional 3,455,949 shares in the last quarter. Norges Bank acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $213,133,000. Arrowstreet Capital Limited Partnership grew its position in shares of Trimble by 487.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,541,598 shares of the scientific and technical instruments company’s stock valued at $100,558,000 after purchasing an additional 1,279,030 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of Trimble during the 4th quarter worth approximately $67,741,000. Finally, Renaissance Technologies LLC raised its position in shares of Trimble by 487.9% during the 1st quarter. Renaissance Technologies LLC now owns 946,744 shares of the scientific and technical instruments company’s stock worth $61,756,000 after purchasing an additional 785,700 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Price Performance

Trimble stock opened at $52.91 on Monday. The company has a market cap of $12.33 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.38. Trimble has a one year low of $47.92 and a one year high of $87.50. 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 debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The business had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. During the same period in the prior year, the company posted $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. As a group, analysts predict that Trimble will post 3.01 earnings per share for the current fiscal year.

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.