Trimble Inc. (NASDAQ:TRMB) Stock Has Average Target Price of $79.56

Shares of Trimble Inc. (NASDAQ:TRMB) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $79.56.

TRMB has been the topic of several recent research reports. Sanford C. Bernstein decreased their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Barclays increased their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Wells Fargo & Company decreased their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $65.61 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $60.04 and a 200 day moving average price of $60.80. The company has a market cap of $15.30 billion, a price-to-earnings ratio of -133.90, a PEG ratio of 2.13 and a beta of 1.32. Trimble has a twelve month low of $47.92 and a twelve month high of $84.42.

Trimble (NASDAQ:TRMB) last issued its quarterly 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. The company had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Research analysts predict that Trimble will post 3.10 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 2,476 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $160,940.00. Following the completion of the transaction, the director directly owned 14,950 shares of the company’s stock, valued at approximately $971,750. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

Institutional Trading of Trimble

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Trimble during the second quarter worth approximately $1,096,304,000. State Street Corp increased its stake in Trimble by 7.9% during the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after acquiring an additional 849,549 shares during the period. Generation Investment Management LLP acquired a new position in Trimble in the 2nd quarter valued at $367,994,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Trimble by 5.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,687,967 shares of the scientific and technical instruments company’s stock valued at $267,730,000 after acquiring an additional 239,499 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Trimble during the 2nd quarter valued at $200,405,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

About Trimble

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.