Trimble (NASDAQ:TRMB) Given New $79.00 Price Target at Barclays

Trimble (NASDAQ:TRMB) had its price objective lowered by stock analysts at Barclays from $103.00 to $79.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the scientific and technical instruments company’s stock. Barclays‘s target price suggests a potential upside of 40.05% from the company’s previous close.

Other analysts have also issued research reports about the company. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird cut their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Piper Sandler cut their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company cut their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.33.

Trimble Stock Performance

TRMB traded up $1.49 during midday trading on Friday, reaching $56.41. The company’s stock had a trading volume of 6,114,015 shares, compared to its average volume of 2,129,047. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market cap of $13.15 billion, a P/E ratio of 29.69, a PEG ratio of 1.83 and a beta of 1.45. The company has a fifty day simple moving average of $63.11 and a 200 day simple moving average of $70.43. Trimble has a twelve month low of $52.80 and a twelve month high of $87.50.

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

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer directly owned 11,897 shares in the company, valued at approximately $796,385.18. The trade was a 38.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 31,725 shares of company stock valued at $2,151,167. Insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

Hedge funds and other institutional investors have recently modified their holdings of the stock. Peapack Gladstone Financial Corp grew its position in 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 purchasing an additional 125 shares during the period. CI Investments Inc. grew its stake in shares of Trimble by 10.3% during the 3rd 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 period. Fiduciary Trust Co grew its position in shares of 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 valued at $675,000 after acquiring an additional 151 shares during the period. Pallas Capital Advisors LLC grew its position in shares of Trimble by 1.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock valued at $936,000 after acquiring an additional 151 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Trimble by 11.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after acquiring an additional 155 shares during the period. 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.