Wells Fargo & Company Lowers Trimble (NASDAQ:TRMB) Price Target to $70.00

Trimble (NASDAQ:TRMB) had its price target dropped by research analysts at Wells Fargo & Company from $79.00 to $70.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the scientific and technical instruments company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 10.48% from the company’s previous close.

TRMB has been the subject of several other reports. Barclays increased their price objective on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Piper Sandler reduced their target price on Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday. Robert W. Baird reduced their target price on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, Wall Street Zen cut Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Trimble Stock Down 0.1%

Shares of TRMB traded down $0.06 during trading hours on Thursday, hitting $63.36. 732,163 shares of the company were exchanged, compared to its average volume of 1,966,832. The firm’s 50 day moving average is $66.85 and its 200-day moving average is $73.03. Trimble has a 52 week low of $62.01 and a 52 week high of $87.50. 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 company has a market cap of $14.70 billion, a PE ratio of 36.31, a PEG ratio of 2.28 and a beta of 1.45.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. 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, equities research analysts forecast that Trimble will post 3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the transaction, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. This represents a 38.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 firm’s stock in a transaction dated 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 transaction, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. This represents 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 currently owned by corporate insiders.

Institutional Trading of Trimble

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its holdings in Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 213 shares during the last quarter. DV Equities LLC bought a new position in Trimble during the fourth quarter worth about $26,000. Toth Financial Advisory Corp bought a new position in Trimble during the fourth quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new position in Trimble during the fourth quarter valued at approximately $27,000. Finally, Root Financial Partners LLC bought a new stake in Trimble in the third quarter valued at approximately $30,000. 93.21% of the stock is owned by institutional investors.

Trending Headlines about Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q1 results beat on both EPS and revenue, with EPS $0.79 vs. consensus $0.72 and revenue $939.9M (up 11.8% y/y); management raised FY26 EPS guidance and gave Q2 EPS guidance above consensus — a clear fundamental catalyst supporting the stock. Trimble Announces First Quarter 2026 Results
• Positive Sentiment: Company reported record annualized recurring revenue, best-in-class gross and operating margins for the quarter, and announced $317M of share repurchases — items that tend to support multiple expansion and shareholder returns. Trimble Announces First Quarter 2026 Results
• Positive Sentiment: Coverage noting upside to fiscal 2026 sales (could top ~$3.9B) underscores revenue momentum across Trimble’s verticals. Trimble: 2026 sales could top $3.9B
• Neutral Sentiment: Investors can access the earnings transcript, slide deck and conference call for more detail on guidance and segment-level performance; these disclosures reduce uncertainty but are informational rather than directional. Trimble Q1 disclosure and call materials
• Negative Sentiment: Oppenheimer trimmed its price target from $86 to $80 (still “Outperform”), reducing modeled upside and likely capping near-term sentiment. Oppenheimer price target cut
• Negative Sentiment: Piper Sandler lowered its target from $97 to $87 (remains “Overweight”), another analyst action that narrows upside expectations despite the beat. Piper Sandler price target cut
• Negative Sentiment: Market commentary flagged that Trimble underperformed peers on the session, which can pressure sentiment in the short term even with solid fundamentals. Trimble underperforms peers

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.