Trimble (NASDAQ:TRMB) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a research report report published on Sunday.

Several other analysts have also issued reports on the stock. Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Sanford C. Bernstein cut their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company reduced their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and an average target price of $81.78.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $60.25 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $54.06 and its two-hundred day moving average is $60.12. The company has a market cap of $14.05 billion, a P/E ratio of -122.96, a P/E/G ratio of 1.94 and a beta of 1.37. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.Trimble’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. 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 analysts expect that Trimble will post 3.1 EPS for the current year.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction on 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 $1,045,560. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trimble

A number of hedge funds and other institutional investors have recently made changes to their positions in TRMB. Rothschild Investment LLC increased its stake in Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Trimble during the second quarter valued at approximately $25,000. DV Equities LLC bought a new stake in shares of Trimble in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Trimble in the 4th quarter worth approximately $27,000. Finally, Vega Investment Solutions bought a new position in shares of Trimble during the 2nd quarter worth approximately $29,000. 93.21% of the stock is owned by institutional investors.

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.