Trimble (NASDAQ:TRMB) Given New $103.00 Price Target at Barclays

Trimble (NASDAQ:TRMB) had its price objective increased by Barclays from $101.00 to $103.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an overweight rating on the scientific and technical instruments company’s stock.

A number of other equities analysts have also recently issued reports on TRMB. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research note on Monday, December 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Finally, Wells Fargo & Company cut their target price on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and an average target price of $93.75.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $70.08 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Trimble has a 1-year low of $52.91 and a 1-year high of $87.50. The stock has a market capitalization of $16.39 billion, a P/E ratio of 40.05, a P/E/G ratio of 2.35 and a beta of 1.57. The business has a 50-day moving average price of $71.40 and a two-hundred day moving average price of $77.11.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities analysts predict that Trimble will post 2.37 earnings per share for the current year.

Trimble announced that its Board of Directors has approved a stock buyback plan on Friday, December 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the sale, the chief executive officer owned 34,397 shares in the company, valued at $2,782,029.36. This represents a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 17,250 shares of company stock worth $1,398,038. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Trimble

Several large investors have recently modified their holdings of TRMB. SG Americas Securities LLC lifted its holdings in shares of Trimble by 30.9% during the 3rd quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock worth $7,843,000 after acquiring an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Trimble by 31.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock worth $11,944,000 after acquiring an additional 35,015 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in Trimble by 168.8% in the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock valued at $3,729,000 after acquiring an additional 28,676 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position 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 valued at $19,375,000 after purchasing an additional 131,056 shares in the last quarter. Finally, Swiss National Bank raised its position in 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 valued at $56,529,000 after purchasing an additional 55,300 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

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.