Trimble (NASDAQ:TRMB) Sets New 52-Week Low on Analyst Downgrade

Shares of Trimble Inc. (NASDAQ:TRMB) reached a new 52-week low during trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $79.00 to $70.00. Wells Fargo & Company currently has an overweight rating on the stock. Trimble traded as low as $61.60 and last traded at $61.85, with a volume of 3705627 shares. The stock had previously closed at $63.42.

Several other brokerages have also commented on TRMB. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Oppenheimer cut their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird cut their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Barclays boosted their price objective on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Insider Activity at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of the company’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 in the company, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 company’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 owned 11,897 shares in the company, valued at approximately $796,385.18. This represents a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter, insiders sold 31,725 shares of company stock worth $2,151,167. Corporate insiders own 0.59% of the company’s stock.

Trimble News Summary

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q1 results beat expectations — Trimble reported $0.79 adjusted EPS vs. $0.72 consensus and revenue of $939.9M (vs. $905.6M est.). Management highlighted record annualized recurring revenue (ARR of $2.43B), margin expansion and said results exceeded expectations. TRMB Q1 Earnings Beat Estimates on Recurring Revenue Strength
• Positive Sentiment: Capital return and margins — Trimble announced $317M of share repurchases in Q1 and reported record gross and operating margins, supporting future EPS leverage. Trimble Announces First Quarter 2026 Results
• Positive Sentiment: Guidance nudged up — Trimble raised FY 2026 EPS guidance to $3.47–$3.64 and Q2 EPS to $0.78–$0.82 (slightly above street Q2 EPS), while revenue guidance was maintained in the $3.8–$3.9B area. That signals confidence in recurring revenue growth. Trimble Q1 Press Release / Guidance
• Neutral Sentiment: Earnings call materials and transcript available — Management provided slides and a transcript with details on segment performance and go-to-market progress; useful for modeling revenue cadence but no new surprises beyond the press release. Trimble (TRMB) Q1 2026 Earnings Transcript
• Negative Sentiment: Multiple brokers trimmed price targets after the beat — Wells Fargo cut its PT to $70 (still overweight), Oppenheimer trimmed to $80 (outperform), and Piper Sandler lowered its PT to $87 (overweight). Those reductions are pressuring sentiment despite buy-and-hold ratings. Broker Price Target Moves (Benzinga/The Fly/TickerReport)
• Negative Sentiment: Analysts pared forecasts — Some analysts revised near-term estimates downward after the results, signaling caution on growth pacing even as long-term ARR traction remains intact. These Analysts Cut Their Forecasts On Trimble After Q1 Results
• Negative Sentiment: Relative underperformance — Market commentary notes TRMB underperformed peers on Wednesday, which can trigger short-term selling and reduce momentum despite the underlying beat. Trimble Inc. stock underperforms Wednesday when compared to competitors

Institutional Investors Weigh In On Trimble

A number of large investors have recently bought and sold shares of TRMB. Vanguard Group Inc. lifted its holdings in Trimble by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company’s stock worth $2,395,181,000 after buying an additional 304,461 shares in the last quarter. State Street Corp grew its position in shares of Trimble by 0.4% during the 3rd quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after buying an additional 43,285 shares during the period. Geode Capital Management LLC grew its position in shares of Trimble by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company’s stock worth $492,426,000 after buying an additional 55,073 shares during the period. Wellington Management Group LLP grew its position in shares of Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after buying an additional 3,455,949 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after buying an additional 675,134 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

The firm’s 50-day moving average price is $66.85 and its 200 day moving average price is $73.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.28 and a beta of 1.45.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping 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 net margin of 11.82% and a return on equity of 11.18%. Trimble’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. On average, sell-side analysts anticipate that Trimble Inc. will post 3 EPS for the current year.

Trimble Company Profile

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.