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

Trimble Inc. (NASDAQ:TRMB) hit a new 52-week low on Tuesday . The company traded as low as $54.24 and last traded at $54.39, with a volume of 2334277 shares trading hands. The stock had previously closed at $55.02.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Oppenheimer lowered their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Barclays raised their price objective on Trimble from $101.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Wells Fargo & Company lowered their price objective on Trimble from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Robert W. Baird lowered their price objective on Trimble from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Trimble Stock Performance

The company has a market cap of $13.05 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.45. The firm has a 50-day moving average price of $64.21 and a 200 day moving average price of $71.26. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last issued its 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 analyst estimates of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, sell-side analysts forecast that Trimble Inc. will post 2.99 EPS for the current year.

Insider Activity at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. This trade represents a 38.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Trimble 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 completion of the transaction, the vice president owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders sold 31,725 shares of company stock valued at $2,151,167. Insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

Several hedge funds have recently made changes to their positions in TRMB. Brighton Jones LLC bought a new stake in shares of Trimble in the 4th quarter worth approximately $211,000. Empowered Funds LLC lifted its holdings in shares of Trimble by 9.5% in the 1st quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock worth $461,000 after purchasing an additional 607 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Trimble by 41.6% in the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 6,100 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble in the 2nd quarter worth approximately $208,000. Finally, Marshall Wace LLP lifted its holdings in shares of Trimble by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after purchasing an additional 27,374 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

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.