Wall Street Zen Downgrades Trimble (NASDAQ:TRMB) to Hold

Key Points

• Wall Street Zen downgraded Trimble to “Hold” from “Buy,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $81.78.
• Trimble reported quarterly adjusted earnings of $0.86 per share, beating estimates by $0.06, while revenue rose 11% year over year to $972 million.
• TRMB shares opened at $59.47, well below the 12-month high of $84.42; an insider also sold approximately $103,080 worth of shares under a pre-arranged trading plan.

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

Other research analysts have also recently issued reports about the stock. Oppenheimer reiterated an "outperform" rating and issued a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Barclays lifted their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Raymond James Financial downgraded Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Piper Sandler reissued an "overweight" rating and issued a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.78.

Trimble Stock Performance

Shares of TRMB opened at $59.47 on Friday. 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 company has a market capitalization of $13.87 billion, a price-to-earnings ratio of -121.36, a PEG ratio of 1.95 and a beta of 1.36. The stock has a 50 day moving average of $56.11 and a 200 day moving average of $59.74. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The business had revenue of $972.00 million for the quarter, compared to analysts' expectations of $952.09 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business's 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. As a group, sell-side analysts forecast that Trimble will post 3.08 earnings per share for the current year.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm's stock in a transaction dated 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 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 Securities & Exchange Commission, 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 corporate insiders.

Hedge Funds Weigh In On Trimble

A number of large investors have recently modified their holdings of TRMB. Rothschild Investment LLC increased its holdings in Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 213 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Trimble during the 2nd quarter valued at $25,000. DV Equities LLC bought a new position in shares of Trimble in the fourth quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in Trimble during the fourth quarter valued at $27,000. Finally, Vega Investment Solutions bought a new position in shares of Trimble in the second quarter worth approximately $29,000. 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.

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