Trimble (NASDAQ:TRMB) Given Overweight Rating at Piper Sandler

Trimble (NASDAQ:TRMB)‘s stock had its “overweight” rating restated by analysts at Piper Sandler in a note issued to investors on Thursday,Benzinga reports. They presently have a $87.00 price objective on the scientific and technical instruments company’s stock. Piper Sandler’s price objective points to a potential upside of 54.39% from the company’s previous close.

Several other analysts have also commented on TRMB. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Wells Fargo & Company reduced their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, Barclays reduced their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.62.

Trimble Price Performance

TRMB opened at $56.35 on Thursday. The firm has a market capitalization of $13.14 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The business’s 50-day moving average is $53.27 and its two-hundred day moving average is $60.68. Trimble has a 1 year low of $47.92 and a 1 year high of $84.54.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $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. Research analysts anticipate that Trimble will post 3.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, the director directly owned 17,426 shares in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Trimble

Hedge funds and other institutional investors have recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its holdings in shares of Trimble by 2.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after purchasing an additional 125 shares during the period. Fiduciary Trust Co grew its position in Trimble by 1.9% during the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock valued at $675,000 after purchasing an additional 151 shares in the last quarter. Larson Financial Group LLC increased its stake in Trimble by 11.1% in the 3rd quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after buying an additional 155 shares during the period. Geneos Wealth Management Inc. lifted its position in Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 169 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of Trimble by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock valued at $3,098,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Key Headlines Impacting Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q2 results exceeded expectations: Trimble reported revenue of $972 million, up 11% year over year, and adjusted EPS of $0.86 versus the $0.80 consensus estimate. Adjusted EBITDA was $278 million, or 28.6% of revenue. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Guidance was raised: Management now expects fiscal 2026 revenue of approximately $3.90 billion to $3.95 billion and non-GAAP EPS of $3.60 to $3.70, above the prior earnings expectation of $3.47. Third-quarter EPS guidance of $0.83 to $0.88 is broadly near consensus. Trimble Q2 CY2026 Results and Outlook
• Positive Sentiment: Recurring revenue and capital returns improved: Annualized recurring revenue reached a record $2.51 billion, supporting the company’s software-focused Connect & Scale strategy. The board also authorized a new $1 billion share-repurchase program. Trimble Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Transportation showed tentative improvement: Transportation revenue rose 5%, and management described early signs of recovery in freight, although the business remains under pressure. Trimble Sees Freight Green Shoots
• Negative Sentiment: Non-cash impairment drove a GAAP loss: Trimble recorded a $562 million goodwill impairment tied to Transportation and Logistics, resulting in a GAAP net loss of approximately $472 million. This headline loss appears to have outweighed the adjusted earnings beat and higher guidance. Trimble Slides as Transportation Unit Impairment Overshadows Strong Q2
• Negative Sentiment: Insider-selling data may add caution: Quiver reported six open-market insider sales and no purchases during the past six months, though these transactions are secondary to the earnings-related impairment. Trimble Trading and Earnings Analysis

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.