Trimble Inc. (NASDAQ:TRMB) Receives $87.33 Consensus Price Target from Brokerages

Shares of Trimble Inc. (NASDAQ:TRMB) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $87.3333.

Several research analysts have recently commented on the company. Oppenheimer dropped their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Barclays dropped their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th.

Trimble Trading Up 0.9%

Shares of Trimble stock opened at $50.70 on Thursday. Trimble has a 52-week low of $47.92 and a 52-week high of $87.50. The stock’s 50-day simple moving average is $57.49 and its 200 day simple moving average is $66.46. The stock has a market capitalization of $11.82 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.69 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

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

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction that occurred 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 owned 11,897 shares in the company, valued at approximately $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 business’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 completion of the sale, the vice president owned 19,668 shares of the company’s stock, valued at $1,317,952.68. The trade was a 45.96% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Trimble

A number of hedge funds and other institutional investors have recently made changes to their positions in TRMB. Brighton Jones LLC purchased a new stake in Trimble in the fourth quarter worth $211,000. Empowered Funds LLC grew its stake in Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock worth $461,000 after purchasing an additional 607 shares during the period. Woodline Partners LP grew its stake in Trimble by 41.6% in the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 6,100 shares during the period. Sivia Capital Partners LLC purchased a new stake in Trimble in the second quarter worth $208,000. Finally, Marshall Wace LLP grew its stake in Trimble by 31.8% in the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after purchasing an additional 27,374 shares during the period. 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.