Trimble Inc. (NASDAQ:TRMB) Receives $92.78 Average Price Target from Brokerages

Trimble Inc. (NASDAQ:TRMB) has been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $92.7778.

Several research firms have recently issued reports on TRMB. Wells Fargo & Company reduced their target price on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Trimble in a research note on Tuesday, February 10th. Finally, Barclays upped their price target on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th.

Trimble Price Performance

TRMB opened at $66.89 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. Trimble has a 52-week low of $55.55 and a 52-week high of $87.50. The stock has a market capitalization of $15.52 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.53. The stock’s 50 day moving average price is $66.47 and its 200-day moving average price is $74.31.

Trimble (NASDAQ:TRMB) last posted its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The firm had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. During the same period in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. On average, equities research analysts predict that Trimble will post 2.37 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the sale, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trimble

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp grew its stake in Trimble by 2.6% in the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after purchasing an additional 125 shares during the period. CI Investments Inc. grew its stake in Trimble by 10.3% in the third quarter. CI Investments Inc. now owns 1,430 shares of the scientific and technical instruments company’s stock worth $117,000 after purchasing an additional 134 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Trimble by 2.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 6,350 shares of the scientific and technical instruments company’s stock worth $518,000 after purchasing an additional 150 shares during the period. Pallas Capital Advisors LLC grew its stake in Trimble by 1.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,941 shares of the scientific and technical instruments company’s stock worth $936,000 after purchasing an additional 151 shares during the period. Finally, Fiduciary Trust Co grew its stake in Trimble by 1.9% in the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after purchasing an additional 151 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

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.