Trimble (NASDAQ:TRMB) Given Overweight Rating at Piper Sandler

Trimble (NASDAQ:TRMB)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Sandler in a research report issued on Thursday,Benzinga reports. They presently have a $87.00 price objective on the scientific and technical instruments company’s stock. Piper Sandler’s target price would indicate a potential upside of 54.39% from the stock’s current price.

Several other brokerages have also recently issued reports on TRMB. Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wells Fargo & Company dropped their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report 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. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Finally, Barclays dropped their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.62.

Trimble Trading Down 2.8%

TRMB stock opened at $56.35 on Thursday. The firm has a fifty day moving average price of $53.27 and a 200 day moving average price of $60.68. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.54. The firm has a market cap of $13.14 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Trimble’s revenue was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Sell-side analysts anticipate that Trimble will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’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 transaction of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRMB. Rothschild Investment LLC boosted its position in Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 213 shares during the period. DV Equities LLC bought a new stake in shares of Trimble during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Trimble in the fourth quarter valued at approximately $27,000. Quarry LP grew its stake in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 232 shares in the last quarter. Finally, BOKF NA increased its holdings in Trimble by 103.8% during the 4th quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Key Stories Impacting Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q2 results exceeded expectations: Trimble reported revenue of $972 million, up 11% year over year, and adjusted EPS of $0.86 versus the $0.80 consensus estimate. Adjusted EBITDA was $278 million, or 28.6% of revenue. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Guidance was raised: Management now expects fiscal 2026 revenue of approximately $3.90 billion to $3.95 billion and non-GAAP EPS of $3.60 to $3.70, above the prior earnings expectation of $3.47. Third-quarter EPS guidance of $0.83 to $0.88 is broadly near consensus. Trimble Q2 CY2026 Results and Outlook
• Positive Sentiment: Recurring revenue and capital returns improved: Annualized recurring revenue reached a record $2.51 billion, supporting the company’s software-focused Connect & Scale strategy. The board also authorized a new $1 billion share-repurchase program. Trimble Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Transportation showed tentative improvement: Transportation revenue rose 5%, and management described early signs of recovery in freight, although the business remains under pressure. Trimble Sees Freight Green Shoots
• Negative Sentiment: Non-cash impairment drove a GAAP loss: Trimble recorded a $562 million goodwill impairment tied to Transportation and Logistics, resulting in a GAAP net loss of approximately $472 million. This headline loss appears to have outweighed the adjusted earnings beat and higher guidance. Trimble Slides as Transportation Unit Impairment Overshadows Strong Q2
• Negative Sentiment: Insider-selling data may add caution: Quiver reported six open-market insider sales and no purchases during the past six months, though these transactions are secondary to the earnings-related impairment. Trimble Trading and Earnings Analysis

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.