Trimble (NASDAQ:TRMB) Hits New 52-Week Low – What’s Next?

Shares of Trimble Inc. (NASDAQ:TRMB) reached a new 52-week low on Wednesday . The company traded as low as $48.83 and last traded at $48.8550, with a volume of 2143386 shares. The stock had previously closed at $50.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TRMB shares. Wells Fargo & Company cut their price target on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Barclays decreased their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Robert W. Baird cut their target price on shares of Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Piper Sandler reduced their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Trimble presently has an average rating of “Moderate Buy” and a consensus target price of $87.33.

Trimble Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market cap of $11.46 billion, a P/E ratio of 25.87, a PEG ratio of 1.63 and a beta of 1.38. The firm has a 50-day simple moving average of $59.46 and a two-hundred day simple moving average of $67.72.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Equities research analysts expect that Trimble Inc. will post 2.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the sale, the chief executive officer directly owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the sale, the vice president directly owned 19,668 shares in the company, valued at $1,317,952.68. The trade was a 45.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in shares of Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 213 shares in the last quarter. DV Equities LLC bought a new stake in shares of Trimble in the 4th quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in shares of Trimble during the 4th quarter valued at $27,000. Bank of Jackson Hole Trust bought a new position in Trimble during the fourth quarter worth $27,000. Finally, Quarry LP grew its holdings in Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 232 shares during the period. Institutional investors own 93.21% of the company’s stock.

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.