JPMorgan Chase & Co. Issues Pessimistic Forecast for Trimble (NASDAQ:TRMB) Stock Price

Trimble (NASDAQ:TRMB) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $76.00 to $75.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 25.31% from the company’s previous close.

Several other research analysts have also recently weighed in on TRMB. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Sanford C. Bernstein lowered their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Barclays boosted their price objective on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Trimble Stock Performance

Shares of TRMB stock traded down $0.21 during midday trading on Thursday, hitting $59.85. 1,796,089 shares of the company were exchanged, compared to its average volume of 2,564,552. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The firm has a market capitalization of $13.96 billion, a P/E ratio of -122.14, a PEG ratio of 1.97 and a beta of 1.34. The firm’s 50 day moving average price is $58.52 and its two-hundred day moving average price is $58.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.

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 (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business 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. As a group, equities research analysts anticipate that Trimble will post 3.1 earnings per share for the current year.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

A number of hedge funds have recently added to or reduced their stakes in TRMB. Frazier Financial Advisors LLC bought a new position in shares of Trimble in the 2nd quarter valued at $25,000. Vega Investment Solutions bought a new stake in Trimble during the 2nd quarter worth $29,000. Global Retirement Partners LLC acquired a new position in Trimble in the 2nd quarter worth about $45,000. Caitong International Asset Management Co. Ltd bought a new position in Trimble in the fourth quarter valued at about $48,000. Finally, Quantbot Technologies LP bought a new position in Trimble in the second quarter valued at about $53,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

About Trimble

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.