Wells Fargo & Company Has Lowered Expectations for Trimble (NASDAQ:TRMB) Stock Price

Trimble (NASDAQ:TRMB) had its price objective cut by research analysts at Wells Fargo & Company from $61.00 to $60.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.89% from the stock’s previous close.

TRMB has been the topic of a number of other research reports. Barclays boosted their price objective on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Sanford C. Bernstein cut their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Oppenheimer reduced their target price on Trimble from $80.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.44.

Trimble Price Performance

Shares of Trimble stock traded up $0.47 during trading on Thursday, reaching $54.11. 3,163,231 shares of the company’s stock were exchanged, compared to its average volume of 1,777,863. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a market cap of $12.62 billion, a P/E ratio of -77.30, a PEG ratio of 2.13 and a beta of 1.32. The firm’s 50-day moving average price is $59.67 and its 200 day moving average price is $60.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The business had revenue of $966.80 million for the quarter, compared to analyst estimates of $966.41 million. During the same period last year, the firm posted $0.81 earnings per share. Trimble’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Trimble will post 3.10 earnings per share for the current year.

Insider Activity

In related news, Director Kaigham Gabriel sold 2,476 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $160,940.00. Following the completion of the sale, the director owned 14,950 shares of the company’s stock, valued at $971,750. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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

Several institutional investors have recently added to or reduced their stakes in TRMB. Assenagon Asset Management S.A. increased its holdings in Trimble by 29.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock worth $17,795,000 after purchasing an additional 79,069 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Trimble by 52.7% in the third quarter. Pinnacle Associates Ltd. now owns 381,026 shares of the scientific and technical instruments company’s stock worth $21,760,000 after purchasing an additional 131,528 shares during the last quarter. State Street Corp lifted its holdings in shares of Trimble by 7.9% in the second 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 in the last quarter. Norris Perne & French LLP MI lifted its holdings in shares of Trimble by 221.3% in the third quarter. Norris Perne & French LLP MI now owns 354,634 shares of the scientific and technical instruments company’s stock valued at $20,253,000 after purchasing an additional 244,273 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of 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 during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

More Trimble News

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q3 revenue rose 7.3% year over year to about $967 million, while earnings per share met consensus estimates. Strength in AECO (architecture, engineering, construction and owner) markets helped lift results. Annual recurring revenue reached a record $2.56 billion, with recurring revenue up 11%. Zacks article
• Neutral Sentiment: Matthew C. Brown joined Trimble’s board. The news did not include a specific financial or operating impact. Yahoo Finance article
• Negative Sentiment: Slower expected growth in recurring revenue weighed on the 2026 outlook, despite the record ARR. Another report said GAAP profit nearly halved, raising concerns about profitability alongside the growth figures. American Banking News article
• Negative Sentiment: Several firms lowered their price targets after the results: JPMorgan cut its target to $73 from $75, Baird to $67 from $70, Loop Capital to $70 from $76, and Wells Fargo to $60 from $61. JPMorgan and Wells Fargo retained Overweight ratings, but the reductions suggest more cautious expectations. Loop Capital price-target article

About Trimble

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.