Trimble (NASDAQ:TRMB) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Trimble (NASDAQ:TRMB) had its price target reduced by JPMorgan Chase & Co. from $76.00 to $75.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

TRMB has been the topic of a number of other research reports. Sanford C. Bernstein reduced their price objective on Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Wall Street Zen lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Wells Fargo & Company reduced their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Finally, Raymond James Financial downgraded shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Trimble Stock Up 0.4%

TRMB opened at $60.09 on Thursday. The firm has a 50-day simple moving average of $58.65 and a two-hundred day simple moving average of $58.14. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a market capitalization of $14.01 billion, a PE ratio of -122.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.34. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $972.00 million for 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%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts forecast that Trimble will post 3.10 earnings per share for the current fiscal year.

Insider Transactions at Trimble

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

Hedge Funds Weigh In On Trimble

Several large investors have recently modified their holdings of the stock. State Street Corp raised its holdings in Trimble by 7.9% during the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock valued at $595,976,000 after buying an additional 849,549 shares during the period. Tidal Investments LLC boosted its stake in Trimble by 85.0% during the second quarter. Tidal Investments LLC now owns 64,567 shares of the scientific and technical instruments company’s stock worth $3,305,000 after buying an additional 29,657 shares during the period. WINTON GROUP Ltd purchased a new position in Trimble during the second quarter worth $496,000. IFP Advisors Inc increased its position in Trimble by 10.3% during the second quarter. IFP Advisors Inc now owns 30,893 shares of the scientific and technical instruments company’s stock valued at $1,581,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Trimble by 3.7% in the second quarter. Arizona State Retirement System now owns 67,070 shares of the scientific and technical instruments company’s stock valued at $3,433,000 after acquiring an additional 2,421 shares during the period. Institutional investors own 93.21% of the company’s stock.

About Trimble

Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.

The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.