Trimble (NASDAQ:TRMB) Upgraded to “Buy” at Wall Street Zen

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

Several other brokerages have also recently weighed in on TRMB. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their target price on Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Barclays upped their price target on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Trimble currently has an average rating of “Moderate Buy” and an average price target of $81.78.

Trimble Stock Up 0.3%

TRMB opened at $57.85 on Friday. The company has a 50 day moving average of $57.80 and a 200 day moving average of $58.73. The company has a market cap of $13.49 billion, a PE ratio of -118.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.36. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. Trimble’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. 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, sell-side analysts expect that Trimble will post 3.08 EPS for the current year.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble 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 completion of the sale, the director owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 and hedge funds have recently modified their holdings of TRMB. BlackRock Inc. purchased a new position in shares of Trimble during the second quarter worth about $1,096,304,000. State Street Corp raised its stake in Trimble by 7.9% in the second quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock valued at $595,976,000 after purchasing an additional 849,549 shares in the last quarter. Geode Capital Management LLC lifted its position in Trimble by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock valued at $492,426,000 after purchasing an additional 55,073 shares during the last quarter. Generation Investment Management LLP purchased a new position in Trimble in the 2nd quarter worth approximately $367,994,000. Finally, Contour Asset Management LLC grew its stake in Trimble by 2.4% in the 4th quarter. Contour Asset Management LLC now owns 3,174,248 shares of the scientific and technical instruments company’s stock worth $248,702,000 after buying an additional 75,245 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

About Trimble

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company’s products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.