Trimble (NASDAQ:TRMB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently commented on TRMB. Sanford C. Bernstein reduced their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Raymond James Financial cut 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 Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Oppenheimer reissued an “outperform” rating and set a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.56.

Trimble Price Performance

TRMB opened at $63.37 on Friday. The firm’s fifty day moving average price is $59.31 and its two-hundred day moving average price is $61.26. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of -129.32, a P/E/G ratio of 2.05 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble has a 1 year low of $47.92 and a 1 year high of $84.42.

Trimble (NASDAQ:TRMB) last released its 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. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate 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 Trimble stock in a transaction dated Tuesday, August 4th. The stock was 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. The trade was 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 hyperlink. 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 institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in shares of Trimble during the third quarter worth approximately $259,000. Robeco Schweiz AG purchased a new position in Trimble in the 3rd quarter worth $3,928,000. Norris Perne & French LLP MI raised its position in Trimble by 221.3% in the 3rd quarter. Norris Perne & French LLP MI now owns 354,634 shares of the scientific and technical instruments company’s stock worth $20,253,000 after purchasing an additional 244,273 shares during the period. Signaturefd LLC lifted its stake in Trimble by 37.1% in the third quarter. Signaturefd LLC now owns 2,384 shares of the scientific and technical instruments company’s stock worth $136,000 after purchasing an additional 645 shares during the last quarter. Finally, RWC Asset Management LLP lifted its stake in Trimble by 3.5% in the third quarter. RWC Asset Management LLP now owns 9,821 shares of the scientific and technical instruments company’s stock worth $561,000 after purchasing an additional 328 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

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.