Trimble (NASDAQ:TRMB) Price Target Raised to $76.00

Trimble (NASDAQ:TRMB) had its price objective hoisted by JPMorgan Chase & Co. from $75.00 to $76.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

Other analysts have also issued research reports about the stock. Piper Sandler reissued an “overweight” rating and issued a $87.00 price target on shares of Trimble in a report on Thursday. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Sanford C. Bernstein decreased their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, Barclays dropped their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Trimble Stock Up 0.1%

Shares of NASDAQ:TRMB opened at $57.60 on Thursday. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The company’s 50-day moving average price is $53.38 and its two-hundred day moving average price is $60.56. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $13.43 billion, a P/E ratio of -117.55, a P/E/G ratio of 1.91 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share 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 during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The company’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. As a group, research analysts forecast that Trimble will post 3.01 EPS 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 that occurred 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 in the company, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Trimble

Several institutional investors and hedge funds have recently made changes to their positions in TRMB. ABN Amro Investment Solutions increased its holdings in Trimble by 90.8% during the 4th quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock worth $4,741,000 after purchasing an additional 28,791 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Trimble by 29.4% in the second 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 purchasing an additional 79,069 shares in the last quarter. Swedbank AB lifted 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 valued at $39,816,000 after purchasing an additional 190,638 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Trimble during the second quarter worth about $208,000. Finally, National Pension Service boosted its position in shares of Trimble by 49.4% during the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock worth $4,476,000 after buying an additional 18,897 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

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.