Trimble (NASDAQ:TRMB) Stock Price Target Cut by JPMorgan Chase & Co.

Trimble (NASDAQ:TRMB) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $76.00 to $75.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 25.31% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Barclays upped their price target on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Oppenheimer reissued an “outperform” rating and set a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company dropped their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.00.

Trimble Trading Down 0.3%

Shares of TRMB stock traded down $0.21 during trading hours on Thursday, hitting $59.85. 1,796,089 shares of the company’s stock traded hands, compared to its average volume of 2,564,552. The stock’s 50 day simple moving average is $58.52 and its 200 day simple moving average is $58.17. The stock has a market cap of $13.96 billion, a PE ratio of -122.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. Trimble’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, sell-side analysts anticipate that Trimble will post 3.1 EPS for the current year.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the 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 ownership of the stock. 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. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRMB. State Street Corp boosted its holdings in shares of Trimble by 7.9% in the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after buying an additional 849,549 shares during the last quarter. Tidal Investments LLC raised its position in Trimble by 85.0% in the second quarter. Tidal Investments LLC now owns 64,567 shares of the scientific and technical instruments company’s stock worth $3,305,000 after acquiring an additional 29,657 shares during the period. WINTON GROUP Ltd bought a new position in shares of Trimble during the 2nd quarter valued at approximately $496,000. IFP Advisors Inc raised its holdings in shares of Trimble by 10.3% in the 2nd quarter. IFP Advisors Inc now owns 30,893 shares of the scientific and technical instruments company’s stock worth $1,581,000 after purchasing an additional 2,894 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Trimble by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 67,070 shares of the scientific and technical instruments company’s stock worth $3,433,000 after purchasing an additional 2,421 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.

The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.