Trimble’s (TRMB) Outperform Rating Reiterated at Oppenheimer

Trimble (NASDAQ:TRMB)‘s stock had its “outperform” rating reissued by equities research analysts at Oppenheimer in a report issued on Tuesday,Benzinga reports. They presently have a $80.00 price objective on the scientific and technical instruments company’s stock. Oppenheimer’s price objective would suggest a potential upside of 50.58% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler lowered their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Robert W. Baird decreased their price target on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Wells Fargo & Company cut their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.33.

Trimble Stock Performance

Shares of TRMB stock traded up $0.66 during mid-day trading on Tuesday, hitting $53.13. The stock had a trading volume of 2,034,773 shares, compared to its average volume of 2,367,864. 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 company’s 50-day simple moving average is $55.52 and its 200-day simple moving average is $65.12. The firm has a market cap of $12.38 billion, a PE ratio of 27.97, a PEG ratio of 1.77 and a beta of 1.38. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. Trimble’s quarterly revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Sell-side analysts anticipate that Trimble will post 2.99 earnings per share for the current year.

Insider Activity

In related news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the sale, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. This represents a 45.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Trimble

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp lifted its stake 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 worth $381,000 after acquiring an additional 125 shares during the period. CI Investments Inc. lifted its holdings in shares of Trimble by 10.3% during the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock valued at $117,000 after purchasing an additional 134 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Trimble by 1.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock worth $936,000 after buying an additional 151 shares during the period. Fiduciary Trust Co grew its position in Trimble by 1.9% during the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after purchasing an additional 151 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Trimble by 11.1% during the third 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 in the last quarter. Institutional investors own 93.21% of the company’s stock.

About Trimble

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.