Trimble (NASDAQ:TRMB) Upgraded to “Strong-Buy” at Loop Capital

Loop Capital upgraded shares of Trimble (NASDAQ:TRMB) to a strong-buy rating in a report released on Monday, MarketBeat reports.

Several other equities research analysts also recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $87.00 price objective on shares of Trimble in a report on Thursday, August 13th. Wells Fargo & Company reduced their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Oppenheimer reissued an “outperform” rating and set a $80.00 price target on shares of Trimble in a research report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price target on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.56.

Trimble Price Performance

Shares of Trimble stock opened at $63.16 on Monday. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a market capitalization of $14.73 billion, a PE ratio of -128.90 and a beta of 1.34. The business has a 50-day moving average of $59.46 and a 200-day moving average of $61.17.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same quarter last year, the firm posted $0.71 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. 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 3.10 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade 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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

Several institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its position in shares of Trimble by 32.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 199 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Trimble by 5.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,127 shares of the scientific and technical instruments company’s stock valued at $269,000 after buying an additional 203 shares during the period. State of Wyoming grew its position in shares of Trimble by 14.5% during the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock valued at $124,000 after buying an additional 240 shares during the last quarter. Brookstone Capital Management grew its position in shares of Trimble by 6.2% during the 3rd quarter. Brookstone Capital Management now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $242,000 after buying an additional 248 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Trimble by 1.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,339 shares of the scientific and technical instruments company’s stock valued at $1,522,000 after buying an additional 268 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.