Trimble (NASDAQ:TRMB) Hits New 52-Week Low – Time to Sell?

Trimble Inc. (NASDAQ:TRMB) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $54.24 and last traded at $54.39, with a volume of 2334277 shares changing hands. The stock had previously closed at $55.02.

Analyst Ratings Changes

Several research analysts have weighed in on TRMB shares. Wells Fargo & Company lowered their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Robert W. Baird decreased their price target on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Piper Sandler decreased their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Trimble Stock Down 1.3%

The firm’s 50-day moving average price is $65.07 and its 200 day moving average price is $71.76. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 1.84 and a beta of 1.45.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, sell-side analysts forecast that Trimble Inc. will post 3 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the sale, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the sale, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 31,725 shares of company stock valued at $2,151,167. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Trimble

A number of hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC increased its stake in shares of 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 buying an additional 28,676 shares during the period. Barclays PLC raised its holdings in Trimble by 17.5% in the 3rd quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock valued at $68,555,000 after buying an additional 124,772 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Trimble by 73.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 481,877 shares of the scientific and technical instruments company’s stock worth $39,345,000 after buying an additional 203,804 shares during the period. ARK Investment Management LLC grew its holdings in Trimble by 13.8% during the 3rd quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock worth $74,990,000 after acquiring an additional 111,450 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its holdings in Trimble by 2.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company’s stock worth $126,619,000 after acquiring an additional 42,929 shares during the last quarter. Institutional investors and hedge funds 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.