Trimble (NASDAQ:TRMB) Price Target Cut to $80.00 by Analysts at Oppenheimer

Trimble (NASDAQ:TRMB) had its price objective reduced by equities research analysts at Oppenheimer from $86.00 to $80.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the scientific and technical instruments company’s stock. Oppenheimer’s target price would suggest a potential upside of 25.87% from the stock’s previous close.

TRMB has been the topic of several other reports. Robert W. Baird lowered their price objective 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Wall Street Zen downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays upped their price objective on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Ten 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 an average price target of $91.00.

Trimble Stock Up 0.2%

Shares of NASDAQ TRMB traded up $0.14 during trading hours on Thursday, hitting $63.56. The company had a trading volume of 99,585 shares, compared to its average volume of 1,961,011. Trimble has a 1-year low of $62.01 and a 1-year high of $87.50. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $66.85 and its 200-day moving average is $73.03. The stock has a market capitalization of $14.75 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.45.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Trimble had a net margin of 11.82% and a return on equity of 11.18%. 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 previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter 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. On average, analysts expect that Trimble will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $1,120,742.25. Following the transaction, the vice president directly owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 completion of the sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders have sold 31,725 shares of company stock worth $2,151,167. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

Several large investors have recently modified their holdings of TRMB. Peapack Gladstone Financial Corp increased its position in shares of Trimble by 2.6% in the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after purchasing an additional 125 shares during the period. CI Investments Inc. lifted its position in Trimble by 10.3% during the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock worth $117,000 after purchasing an additional 134 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Trimble by 2.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock valued at $518,000 after buying an additional 150 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Trimble by 1.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock valued at $936,000 after buying an additional 151 shares in the last quarter. Finally, Fiduciary Trust Co lifted its holdings in shares of Trimble by 1.9% during the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after acquiring an additional 151 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Key Trimble News

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q1 results beat expectations — Trimble reported $0.79 EPS vs. $0.72 expected and revenue of $939.9M (up 11.8% YoY), with record gross and operating margins. This is the primary catalyst supporting the stock. Trimble Announces First Quarter 2026 Results
• Positive Sentiment: Raised guidance and solid near‑term outlook — Trimble increased FY2026 EPS guidance to $3.470–3.640 (above consensus) and Q2 EPS to $0.780–0.820, supporting expectations for continued earnings momentum. Press Release / Guidance
• Positive Sentiment: Capital return and recurring revenue strength — Management disclosed $317M of share repurchases and reported record annualized recurring revenue (ARR), which supports EPS sustainability and shareholder value. Trimble Announces First Quarter 2026 Results
• Positive Sentiment: Analyst stance: Piper Sandler cut its price target from $97 to $87 but kept an “overweight” rating, implying continued analyst confidence and a meaningful upside from current levels. Piper Sandler Lowers Price Target
• Positive Sentiment: Street commentary suggests revenue upside — Coverage noting 2026 sales could top ~$3.9B reinforces the raised guidance and growth narrative. Trimble: 2026 sales could top $3.9B
• Neutral Sentiment: Full earnings materials and transcript available for deeper diligence — Investors can review the earnings slide deck and call transcript to assess segment trends and margin drivers. Slide Deck / Conference Call Listen to Conference Call
• Neutral Sentiment: Full Q1 call transcript is published for investors reviewing management’s commentary on backlog, bookings and segment performance. Earnings Transcript
• Negative Sentiment: Short‑term peer underperformance — MarketWatch noted Trimble underperformed peers on Wednesday, a reminder that despite good results the stock can lag sector rallies and remains sensitive to sector rotation. Trimble Underperforms Peers

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.