Trimble Inc. (NASDAQ:TRMB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Trimble Inc. (NASDAQ:TRMB) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $81.6667.

TRMB has been the subject of several research analyst reports. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday.

Trimble Trading Up 2.3%

Shares of NASDAQ:TRMB opened at $56.99 on Friday. Trimble has a 52-week low of $47.92 and a 52-week high of $84.42. The company has a market capitalization of $13.28 billion, a P/E ratio of -116.30, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The company has a 50-day simple moving average of $53.50 and a 200 day simple moving average of $60.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.Trimble’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Sell-side analysts forecast that Trimble will post 3.01 earnings per share for the current year.

Insider Activity at Trimble

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 value of $103,080.00. Following the transaction, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Trimble

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Trimble during the 2nd quarter worth approximately $1,096,304,000. Generation Investment Management LLP acquired a new position in Trimble in the 2nd quarter valued at $367,994,000. Primecap Management Co. CA bought a new position in Trimble during the 2nd quarter worth $200,405,000. Wellington Management Group LLP increased its position in 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 period. Finally, Norges Bank acquired a new stake in shares of Trimble during the fourth quarter worth $213,133,000. Institutional investors own 93.21% of the company’s stock.

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.