Trimble Inc. (NASDAQ:TRMB) Receives $87.33 Consensus PT from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $87.3333.

Several brokerages have commented on TRMB. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays dropped their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Piper Sandler dropped their price objective on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Oppenheimer dropped their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th.

Trimble Stock Up 0.3%

Shares of TRMB stock opened at $55.70 on Friday. The stock has a 50 day moving average of $62.17 and a 200 day moving average of $69.64. 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 $12.98 billion, a P/E ratio of 29.32, a P/E/G ratio of 1.86 and a beta of 1.38. Trimble has a twelve month low of $52.80 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $939.90 million during the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.Trimble’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, sell-side analysts expect that Trimble will post 2.99 EPS for the current year.

Insider Activity at Trimble

In other Trimble news, VP Mark David Schwartz sold 16,725 shares of the firm’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 value of $1,120,742.25. Following the sale, the vice president directly owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the sale, the chief executive officer directly owned 11,897 shares in the company, valued at approximately $796,385.18. The trade was a 38.67% 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. Over the last three months, insiders sold 31,725 shares of company stock worth $2,151,167. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Trimble

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in Trimble by 1.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,339 shares of the scientific and technical instruments company’s stock valued at $1,522,000 after purchasing an additional 268 shares during the last quarter. Groupe la Francaise boosted its stake in Trimble by 8.8% during the 1st quarter. Groupe la Francaise now owns 90,733 shares of the scientific and technical instruments company’s stock worth $5,917,000 after purchasing an additional 7,302 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Trimble during the 1st quarter worth $59,000. Janus Henderson Group PLC grew its holdings in shares of Trimble by 302.3% during the first quarter. Janus Henderson Group PLC now owns 107,732 shares of the scientific and technical instruments company’s stock worth $7,027,000 after buying an additional 80,950 shares in the last quarter. Finally, Bull Harbor Capital LLC purchased a new stake in shares of Trimble during the first quarter worth $450,000. 93.21% of the stock is currently 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.