Trimble (NASDAQ:TRMB) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price target on shares of Trimble in a research note on Tuesday, July 7th. Weiss Ratings cut shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Piper Sandler restated an “overweight” rating and issued a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company dropped their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Price Performance

NASDAQ:TRMB opened at $59.47 on Friday. The business’s 50-day moving average is $56.11 and its 200 day moving average is $59.74. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a market capitalization of $13.87 billion, a P/E ratio of -121.36, a P/E/G ratio of 1.93 and a beta of 1.36. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities research analysts forecast that Trimble will post 3.08 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the completion of the transaction, the director directly owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Trimble

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC lifted its position in shares of Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 213 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Trimble in the 2nd quarter worth approximately $25,000. DV Equities LLC purchased a new position in shares of Trimble in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Trimble during the 4th quarter worth approximately $27,000. Finally, Vega Investment Solutions bought a new position in shares of Trimble during the 2nd quarter worth approximately $29,000. Hedge funds and other 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.