Trimble Inc. (NASDAQ:TRMB) Receives $96.78 Average PT from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $96.7778.

A number of equities research analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $102.00 target price on shares of Trimble in a research report on Thursday, November 6th. Barclays lifted their price objective on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Piper Sandler reissued an “overweight” rating and set a $97.00 target price on shares of Trimble in a research report on Friday, November 7th. Finally, Wells Fargo & Company initiated coverage on shares of Trimble in a report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price target for the company.

Trimble Trading Down 1.1%

NASDAQ TRMB opened at $67.60 on Monday. The stock has a market cap of $16.08 billion, a PE ratio of 46.30, a PEG ratio of 2.38 and a beta of 1.59. Trimble has a 12 month low of $52.91 and a 12 month high of $87.50. The company’s 50-day moving average price is $78.41 and its 200-day moving average price is $79.90. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $901.20 million for the quarter, compared to the consensus estimate of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Equities research analysts forecast that Trimble will post 2.37 earnings per share for the current year.

Trimble declared that its board has approved a stock repurchase program on Friday, December 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer directly owned 25,684 shares in the company, valued at $2,066,277.80. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total transaction of $139,158.00. Following the sale, the director owned 15,170 shares of the company’s stock, valued at $1,228,770. The trade was a 10.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,084 shares of company stock valued at $2,183,951 over the last three months. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Trimble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in shares of Trimble by 30.9% in the third quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock valued at $7,843,000 after buying an additional 22,650 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Trimble by 31.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock valued at $11,944,000 after acquiring an additional 35,015 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Trimble by 123.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock worth $19,375,000 after purchasing an additional 131,056 shares during the period. Swiss National Bank lifted its position in shares of Trimble by 8.0% during the second quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock worth $56,529,000 after purchasing an additional 55,300 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Trimble by 14.4% in the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock valued at $318,285,000 after purchasing an additional 525,214 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

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.