Trimble (NASDAQ:TRMB) Coverage Initiated by Analysts at Loop Capital

Analysts at Loop Capital assumed coverage on shares of Trimble (NASDAQ:TRMB) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating on the scientific and technical instruments company’s stock.

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 note on Wednesday, August 19th. Wells Fargo & Company decreased their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Sanford C. Bernstein lowered their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.56.

Trimble Stock Down 0.3%

NASDAQ:TRMB opened at $63.16 on Monday. The stock has a market capitalization of $14.73 billion, a PE ratio of -128.90 and a beta of 1.34. The stock’s 50-day moving average price is $59.46 and its 200-day moving average price is $61.17. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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. During the same quarter last year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. 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 expect that Trimble will post 3.10 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, the director directly owned 17,426 shares of the company’s stock, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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

A number of institutional investors have recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in Trimble during the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Trimble in the second quarter valued at approximately $25,000. Vega Investment Solutions acquired a new stake in shares of Trimble during the second quarter valued at $29,000. SBI Securities Co. Ltd. grew its stake in Trimble by 32.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 199 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in Trimble in the 2nd quarter worth about $45,000. 93.21% of the stock is owned by institutional investors and hedge funds.

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.