Trimble (NASDAQ:TRMB) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research firms have also issued reports on TRMB. Piper Sandler reissued an “overweight” rating and issued a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday. Barclays reduced their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Wells Fargo & Company reduced their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Trimble Stock Performance

NASDAQ TRMB opened at $55.69 on Friday. The firm has a market cap of $12.98 billion, a P/E ratio of -113.65, a P/E/G ratio of 1.91 and a beta of 1.37. Trimble has a 52-week low of $47.92 and a 52-week high of $84.42. The business’s 50-day moving average price is $53.42 and its 200 day moving average price is $60.38. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. 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 expect that Trimble will post 3.01 earnings per share for the current year.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction 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 owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

A number of large investors have recently made changes to their positions in TRMB. Rothschild Investment LLC lifted 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 in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Trimble in the second quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of Trimble in 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 acquired a new stake in Trimble during the second quarter worth approximately $29,000. 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.