Trimble (NASDAQ:TRMB) Stock Price Target Lowered at Wells Fargo & Company

Trimble (NASDAQ:TRMB) had its target price lowered by Wells Fargo & Company from $61.00 to $60.00 in a research report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the scientific and technical instruments company’s stock.

TRMB has been the topic of several other research reports. Loop Capital initiated coverage on Trimble in a research note on Monday, October 26th. They set a “buy” rating and a $76.00 price objective on the stock. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Oppenheimer lowered their price target on Trimble from $80.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target on Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Nine 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.44.

Trimble Price Performance

TRMB opened at $53.64 on Thursday. The company has a 50-day moving average of $59.82 and a 200-day moving average of $60.58. The company has a market capitalization of $12.51 billion, a P/E ratio of -76.63, a PEG ratio of 1.75 and a beta of 1.32. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.82 and a current ratio of 0.93.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $966.80 million for the quarter, compared to analysts’ expectations of $966.41 million. Trimble had a negative net margin of 4.08% and a positive return on equity of 12.73%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. Equities analysts expect that Trimble will post 3.10 EPS for the current fiscal year.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 2,476 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $65.00, for a total transaction of $160,940.00. Following the completion of the sale, the director owned 14,950 shares of the company’s stock, valued at $971,750. This represents a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

Hedge Funds Weigh In On Trimble

Large investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC bought a new position in shares of Trimble during the second quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in shares of Trimble in the 3rd quarter worth approximately $28,000. Vega Investment Solutions bought a new stake in shares of Trimble in the 2nd quarter worth approximately $29,000. Heritage Family Offices LLP acquired a new position in Trimble during the 3rd quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC acquired a new position in Trimble during the 2nd quarter valued at approximately $45,000. Institutional investors own 93.21% of the company’s stock.

Key Headlines Impacting Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Third-quarter revenue rose 7.3% year over year to about $967 million, slightly above estimates, while adjusted EPS of $0.86 matched consensus. Annualized recurring revenue reached a record $2.56 billion. Trimble Announces Third Quarter 2026 Results and Updates Full Year Guidance
• Neutral Sentiment: JPMorgan kept an “overweight” rating but lowered its price target to $73 from $75. Wells Fargo also maintained “overweight,” trimming its target to $60 from $61. The continued bullish ratings offer some support, though both firms reduced their expectations. JPMorgan analyst recommendations Wells Fargo analyst recommendations
• Negative Sentiment: Investors appear concerned that slower recurring growth is weighing on Trimble’s 2026 outlook, with European freight-market weakness adding pressure. The stock’s sharp post-earnings selloff reflects that cautious outlook, even though quarterly results were broadly in line with estimates. Trimble cuts growth outlook as European freight market slows
• Negative Sentiment: Other analysts also cut targets: Baird lowered its target to $67 from $70, and Loop Capital reduced its target to $70 from $76, reinforcing near-term caution. Baird adjusts Trimble price target Loop Capital adjusts Trimble price target

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.