Trimble (NASDAQ:TRMB) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen downgraded shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler reissued an “overweight” rating and set a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Barclays raised 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. Wells Fargo & Company cut their price objective on Trimble from $61.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Oppenheimer reduced their price objective on shares of Trimble from $80.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.44.

Trimble Stock Performance

Trimble stock opened at $54.11 on Friday. The firm has a 50 day simple moving average of $59.67 and a 200-day simple moving average of $60.50. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of -77.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.82. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Trimble had a negative net margin of 4.08% and a positive return on equity of 12.73%. The firm had revenue of $966.80 million for the quarter, compared to analyst estimates of $966.41 million. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that Trimble will post 3.10 EPS for the current year.

Insider Activity

In other news, Director Kaigham Gabriel sold 2,476 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $65.00, for a total value of $160,940.00. Following the completion of the transaction, the director owned 14,950 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 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

Several large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its stake in shares of Trimble by 29.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock valued at $17,795,000 after buying an additional 79,069 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Trimble by 52.7% during 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 buying an additional 131,528 shares in the last quarter. State Street Corp grew its position in shares of Trimble by 7.9% during the second 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. Norris Perne & French LLP MI increased its stake in shares of Trimble by 221.3% during the third quarter. Norris Perne & French LLP MI now owns 354,634 shares of the scientific and technical instruments company’s stock worth $20,253,000 after buying an additional 244,273 shares during the period. Finally, Tidal Investments LLC increased its stake 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 worth $3,305,000 after buying an additional 29,657 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Key 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

Trimble Company Profile

Trimble Inc develops technology that connects the physical and digital worlds to help customers plan, build, and manage infrastructure and other assets. Its offerings combine positioning technologies, hardware, software, and data services for industries including construction, geospatial, transportation, and agriculture.

Products and services include GNSS and surveying equipment, machine-control systems, mapping and measurement tools, and software for design, project management, fleet operations, and asset tracking.