Trimble Inc. (NASDAQ:TRMB) Stock Has Average Price Target of $80.12

Trimble Inc. (NASDAQ:TRMB) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.12.

Several equities research analysts recently weighed in on TRMB shares. Wells Fargo & Company reduced their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Finally, Barclays increased their price objective on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trimble

Hedge funds have recently modified their holdings of the company. State Street Corp raised 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 worth $595,976,000 after buying an additional 849,549 shares in the last quarter. Tidal Investments LLC boosted its stake in Trimble by 85.0% during the second quarter. Tidal Investments LLC now owns 64,567 shares of the scientific and technical instruments company’s stock valued at $3,305,000 after buying an additional 29,657 shares in the last quarter. WINTON GROUP Ltd bought a new position in Trimble during the second quarter valued at about $496,000. IFP Advisors Inc grew its holdings in Trimble by 10.3% during the second quarter. IFP Advisors Inc now owns 30,893 shares of the scientific and technical instruments company’s stock worth $1,581,000 after acquiring an additional 2,894 shares during the period. Finally, Arizona State Retirement System grew its holdings in Trimble by 3.7% during the second quarter. Arizona State Retirement System now owns 67,070 shares of the scientific and technical instruments company’s stock worth $3,433,000 after acquiring an additional 2,421 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Up 2.2%

TRMB opened at $58.81 on Friday. The stock’s 50 day moving average price is $58.44 and its 200 day moving average price is $58.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The stock has a market cap of $13.71 billion, a P/E ratio of -120.02, a P/E/G ratio of 1.86 and a beta of 1.34. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping 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 had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that Trimble will post 3.1 earnings per share for the current year.

Trimble Company Profile

Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.

The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.