Trimble (NASDAQ:TRMB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a research report report published on Sunday morning.

Several other brokerages also recently commented on TRMB. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Barclays boosted their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Wells Fargo & Company decreased their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Finally, Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.78.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $59.43 on Friday. The stock has a market capitalization of $13.86 billion, a P/E ratio of -121.28, a P/E/G ratio of 1.97 and a beta of 1.37. The business has a 50-day moving average of $54.44 and a two-hundred day moving average of $60.05. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS 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 business had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm’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. On average, equities research analysts predict that Trimble will post 3.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trimble

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC boosted its holdings in Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares during the period. Frazier Financial Advisors LLC acquired a new stake in Trimble in the 2nd quarter worth $25,000. DV Equities LLC bought a new position in shares of Trimble during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Trimble during the fourth quarter valued at about $27,000. Finally, Vega Investment Solutions acquired a new position in shares of Trimble during the second quarter valued at about $29,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Company Profile

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.