Robert W. Baird Lowers Trimble (NASDAQ:TRMB) Price Target to $85.00

Trimble (NASDAQ:TRMB) had its price target reduced by equities researchers at Robert W. Baird from $90.00 to $85.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s target price points to a potential upside of 34.62% from the stock’s previous close.

TRMB has been the subject of several other research reports. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a report on Monday, December 15th. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Barclays increased their price target on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Trimble has an average rating of “Buy” and a consensus target price of $92.78.

Trimble Stock Down 3.5%

Shares of TRMB opened at $63.14 on Monday. The stock has a 50 day moving average price of $67.58 and a 200 day moving average price of $75.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 2.10 and a beta of 1.57. Trimble has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities research analysts forecast that Trimble will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its board has initiated a share buyback plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the sale, the chief executive officer owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This trade represents a 27.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Trimble

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Trimble by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock worth $2,395,181,000 after purchasing an additional 304,461 shares during the last quarter. State Street Corp increased its stake in Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock valued at $894,183,000 after purchasing an additional 43,285 shares during the last quarter. Geode Capital Management LLC raised its holdings in Trimble by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock worth $492,426,000 after purchasing an additional 55,073 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after buying an additional 3,455,949 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after buying an additional 675,134 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

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.