Trimble Inc. (NASDAQ:TRMB) Receives $81.67 Average Target Price from Brokerages

Shares of Trimble Inc. (NASDAQ:TRMB) have received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $81.6667.

TRMB has been the subject of a number of research reports. Raymond James Financial lowered shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday. Barclays lowered their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th.

Trimble Stock Performance

Shares of TRMB stock opened at $57.60 on Friday. 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 company has a 50 day moving average price of $53.38 and a 200-day moving average price of $60.48. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The firm has a market capitalization of $13.43 billion, a PE ratio of -117.55, a P/E/G ratio of 1.91 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last issued 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. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, equities research analysts expect that Trimble will post 3.01 earnings per share for the current year.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, the director owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 business. Peapack Gladstone Financial Corp lifted its position in Trimble by 2.6% in the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after buying an additional 125 shares during the last quarter. Fiduciary Trust Co increased its position in Trimble by 1.9% during the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock valued at $675,000 after acquiring an additional 151 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Trimble by 11.1% in the third quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after acquiring an additional 155 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of Trimble by 0.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock worth $3,098,000 after acquiring an additional 169 shares during the last quarter. 93.21% of the stock is currently owned by 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.