Brokerages Set Trimble Inc. (NASDAQ:TRMB) Target Price at $87.33

Trimble Inc. (NASDAQ:TRMB) has received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $87.3333.

A number of analysts recently issued reports on TRMB shares. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays lowered their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Robert W. Baird lowered their price target on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Wells Fargo & Company lowered their price target on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th.

Insiders Place Their Bets

In related news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, VP Mark David Schwartz sold 16,725 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the sale, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. 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 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $3,729,000 after purchasing an additional 28,676 shares during the period. Barclays PLC increased its stake in Trimble by 17.5% in the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock worth $68,555,000 after purchasing an additional 124,772 shares during the period. Envestnet Asset Management Inc. increased its stake in Trimble by 73.3% in the third quarter. Envestnet Asset Management Inc. now owns 481,877 shares of the scientific and technical instruments company’s stock worth $39,345,000 after purchasing an additional 203,804 shares during the period. ARK Investment Management LLC increased its stake in Trimble by 13.8% in the third quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company’s stock worth $74,990,000 after purchasing an additional 111,450 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in Trimble by 2.8% in the third 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 purchasing an additional 42,929 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 2.7%

Shares of TRMB stock opened at $54.19 on Friday. Trimble has a 1 year low of $52.80 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $61.94 and its two-hundred day simple moving average is $69.53. The company has a market cap of $12.63 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Research analysts predict that Trimble will post 2.99 earnings per share for the current year.

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.