Trimble Inc. (NASDAQ:TRMB) Receives $81.67 Average Price Target from Analysts

Trimble Inc. (NASDAQ:TRMB) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $81.7778.

A number of brokerages have issued reports on TRMB. Wall Street Zen lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Wells Fargo & Company lowered their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Barclays boosted their price objective on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, the director owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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

A number of institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted 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 worth $17,795,000 after buying an additional 79,069 shares in the last quarter. ABN Amro Investment Solutions grew its stake 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 in the last quarter. Swedbank AB increased its position in shares of Trimble by 60.0% during 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 acquired a new stake 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% in the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after acquiring an additional 18,897 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 0.7%

NASDAQ TRMB opened at $59.68 on Friday. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a 50 day moving average price of $53.87 and a 200 day moving average price of $60.17. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $13.92 billion, a PE ratio of -121.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same period in the previous year, the company earned $0.71 earnings per share. The business’s revenue for the quarter 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, sell-side analysts forecast that Trimble will post 3.01 EPS for the current fiscal year.

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.