Trimble Inc. (NASDAQ:TRMB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Trimble Inc. (NASDAQ:TRMB) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $83.7778.

A number of equities research analysts have recently commented on TRMB shares. Barclays reduced their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Piper Sandler dropped their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wells Fargo & Company decreased their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Finally, Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday.

Trimble Stock Performance

TRMB opened at $52.91 on Monday. The business has a 50 day simple moving average of $52.77 and a two-hundred day simple moving average of $62.42. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.76 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. Trimble has a one year low of $47.92 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data 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. The firm had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Analysts predict that Trimble will post 3.01 EPS for the current year.

Hedge Funds Weigh In On Trimble

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted 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 purchasing an additional 3,455,949 shares in the last quarter. Norges Bank bought a new stake in Trimble in the 4th quarter valued at about $213,133,000. Arrowstreet Capital Limited Partnership increased its position in Trimble by 487.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,541,598 shares of the scientific and technical instruments company’s stock valued at $100,558,000 after buying an additional 1,279,030 shares in the last quarter. Ninety One UK Ltd acquired a new position in Trimble during the 4th quarter worth approximately $67,741,000. Finally, Renaissance Technologies LLC raised its stake in Trimble by 487.9% during the 1st quarter. Renaissance Technologies LLC now owns 946,744 shares of the scientific and technical instruments company’s stock worth $61,756,000 after buying an additional 785,700 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

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.