Wall Street Zen Downgrades Trimble (NASDAQ:TRMB) to Hold

Trimble (NASDAQ:TRMB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms also recently issued reports on TRMB. Sanford C. Bernstein decreased their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer restated an “outperform” rating and issued a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $87.00 price target on shares of Trimble in a research report on Thursday. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Trimble Price Performance

Shares of Trimble stock opened at $57.60 on Friday. The stock has a 50 day moving average of $53.38 and a 200 day moving average of $60.48. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The firm has a market cap of $13.43 billion, a PE ratio of -117.55, a PEG ratio of 1.91 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last released 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 analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. 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, research analysts expect that Trimble will post 3.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction 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 transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Trimble

Several institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC grew its holdings in Trimble by 193.6% during 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 last quarter. Frazier Financial Advisors LLC bought a new stake in Trimble in the second quarter worth about $25,000. DV Equities LLC purchased a new position in shares of Trimble during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Trimble during the fourth quarter valued at approximately $27,000. Finally, Vega Investment Solutions bought a new position in shares of Trimble during the second quarter valued at approximately $29,000. 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.