Trimble’s (TRMB) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Trimble (NASDAQ:TRMB) in a report released on Thursday morning,Benzinga reports. Piper Sandler currently has a $87.00 target price on the scientific and technical instruments company’s stock.

Other analysts also recently issued research reports about the stock. Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Wells Fargo & Company cut their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Trimble Stock Up 0.1%

TRMB opened at $57.60 on Thursday. The stock has a fifty day moving average of $53.38 and a 200-day moving average of $60.56. The company has a market capitalization of $13.43 billion, a P/E ratio of -117.55, a P/E/G ratio of 1.91 and a beta of 1.37. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 0.95.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. Trimble’s quarterly revenue was up 11.0% on a year-over-year basis. 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 analysts expect that Trimble will post 3.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director owned 17,426 shares of the company’s stock, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trimble

Several hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC raised its position in shares of 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 buying an additional 213 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Trimble during the 2nd quarter worth approximately $25,000. DV Equities LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in Trimble in the fourth quarter valued at approximately $27,000. Finally, Vega Investment Solutions bought a new position in Trimble in the second quarter valued at approximately $29,000. 93.21% of the stock is owned by institutional investors.

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.