Trimble (NASDAQ:TRMB) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on TRMB. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein dropped their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Wells Fargo & Company cut their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Finally, Barclays lifted their price target on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trimble has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Price Performance

Trimble stock opened at $59.47 on Friday. The firm has a market cap of $13.87 billion, a PE ratio of -121.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The stock’s fifty day moving average price is $56.28 and its two-hundred day moving average price is $59.65. Trimble has a one year low of $47.92 and a one year high of $84.42.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. 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 expect that Trimble will post 3.08 EPS for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 Investors Weigh In On Trimble

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its position in shares of Trimble by 29.4% during 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 buying an additional 79,069 shares during the period. ABN Amro Investment Solutions raised its position in shares of 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 valued at $4,741,000 after buying an additional 28,791 shares in the last quarter. Swedbank AB lifted its stake in 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 purchasing an additional 190,638 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Trimble in the 2nd quarter worth approximately $208,000. Finally, National Pension Service lifted its holdings in shares of Trimble by 49.4% in the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock worth $4,476,000 after acquiring an additional 18,897 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

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.