Trimble (NASDAQ:TRMB) Stock Rating Upgraded by Wall Street Zen

Trimble (NASDAQ:TRMB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts also recently commented on TRMB. Sanford C. Bernstein decreased their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Barclays lifted their price target on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company lowered their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Finally, Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

Trimble Trading Up 0.7%

TRMB opened at $60.67 on Friday. The company has a fifty day moving average price of $54.27 and a two-hundred day moving average price of $60.09. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a market cap of $14.15 billion, a P/E ratio of -123.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’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. Analysts predict that Trimble will post 3.1 EPS for the current fiscal year.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value 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 represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Trimble

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in Trimble by 29.4% during 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 acquiring an additional 79,069 shares during the period. ABN Amro Investment Solutions boosted its holdings in shares of Trimble by 90.8% in the fourth quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after acquiring an additional 28,791 shares during the period. Swedbank AB boosted its holdings in shares of Trimble by 60.0% in the fourth quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock worth $39,816,000 after acquiring an additional 190,638 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Trimble in the second quarter valued at $208,000. Finally, National Pension Service raised its stake in shares of Trimble by 49.4% during the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after purchasing an additional 18,897 shares during the period. Hedge funds and other 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.