Trimble (NASDAQ:TRMB) Stock Moved Up to "Buy" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Trimble from “hold” to “buy.” The broader analyst consensus is “Moderate Buy,” with eight Buy ratings, two Holds and one Sell, and an average price target of $80.
• Trimble’s latest quarterly results exceeded expectations, with EPS of $0.86 versus the $0.80 consensus and revenue of $972 million, up 11% year over year.
• Trimble shares opened at $63.49, while institutional ownership stands at 93.21%. BlackRock initiated a position worth approximately $1.1 billion, and State Street increased its stake by 7.9%.

Trimble (NASDAQ:TRMB - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also issued reports about the company. Sanford C. Bernstein lowered their price objective on Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Barclays increased their target price on Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. decreased their target price on Trimble from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, October 8th. Oppenheimer reiterated an "outperform" rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $87.00 price target on shares of Trimble in a research report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.00.

Trimble Stock Performance

Trimble stock opened at $63.49 on Friday. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. 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 has a market cap of $14.80 billion, a P/E ratio of -129.57, a price-to-earnings-growth ratio of 2.07 and a beta of 1.34. The stock has a 50 day moving average of $59.23 and a 200-day moving average of $57.87.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $972.00 million for the quarter, compared to analysts' expectations of $952.09 million. During the same period in the prior year, the company posted $0.71 earnings per share. The firm's quarterly revenue was up 11.0% on a year-over-year basis. 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, analysts expect that Trimble will post 3.10 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Trimble in the 2nd quarter worth approximately $1,096,304,000. State Street Corp increased its position 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 valued at $595,976,000 after acquiring an additional 849,549 shares during the period. Generation Investment Management LLP bought a new stake in Trimble during the 2nd quarter valued at $367,994,000. Primecap Management Co. CA bought a new stake in Trimble during the 2nd quarter valued at $200,405,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Trimble by 15.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,603 shares of the scientific and technical instruments company's stock worth $245,043,000 after acquiring an additional 501,853 shares during the period. Institutional investors own 93.21% of the company's stock.

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company's products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.

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