Trimble Inc. (NASDAQ:TRMB) Stock Has Consensus Target Price of $80.12

Trimble Inc. (NASDAQ:TRMB) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $80.12.

TRMB has been the subject of a number of recent research reports. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Barclays upped their price objective on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Sanford C. Bernstein cut their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Wells Fargo & Company reduced their price objective on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th.

Insider Buying and Selling

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

Institutional Trading of Trimble

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its stake in Trimble by 7.9% in the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after buying an additional 849,549 shares in the last quarter. Tidal Investments LLC grew its position in Trimble by 85.0% during the second quarter. Tidal Investments LLC now owns 64,567 shares of the scientific and technical instruments company’s stock valued at $3,305,000 after acquiring an additional 29,657 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Trimble during the second quarter worth approximately $496,000. IFP Advisors Inc raised its stake in shares of Trimble by 10.3% during the second quarter. IFP Advisors Inc now owns 30,893 shares of the scientific and technical instruments company’s stock worth $1,581,000 after acquiring an additional 2,894 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Trimble by 3.7% during the 2nd quarter. Arizona State Retirement System now owns 67,070 shares of the scientific and technical instruments company’s stock valued at $3,433,000 after purchasing an additional 2,421 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 1.5%

TRMB stock opened at $60.06 on Friday. The stock has a market cap of $14.00 billion, a P/E ratio of -122.57, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $58.52 and its two-hundred day simple moving average is $58.17. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Analysts expect that Trimble will post 3.1 EPS for the current year.

Trimble Company Profile

Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.

The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.