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

Key Points

• Wall Street Zen downgraded Trimble to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $80.12.
• Trimble reported quarterly EPS of $0.86, beating estimates of $0.80, while revenue rose 11% year over year to $972 million. The company guided for third-quarter EPS of $0.83–$0.88 and full-year EPS of $3.60–$3.70.
• Shares opened at $57.52, near their 52-week range of $47.92–$84.42, and institutional investors own 93.21% of the stock. A company director also sold 1,718 shares for approximately $103,080 under a pre-arranged trading plan.

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

TRMB has been the topic of several other research reports. Sanford C. Bernstein reduced their price target on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. Raymond James Financial downgraded shares of Trimble from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Barclays increased their target price on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Finally, Piper Sandler restated an "overweight" rating and issued a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Eight equities research 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $80.12.

Trimble Trading Down 0.0%

TRMB opened at $57.52 on Friday. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The business has a fifty day simple moving average of $58.38 and a 200-day simple moving average of $58.37. The firm has a market cap of $13.41 billion, a P/E ratio of -117.39, a P/E/G ratio of 1.86 and a beta of 1.34. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

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 (EPS) for the quarter, beating 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 firm had revenue of $972.00 million for the quarter, compared to the consensus estimate of $952.09 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company's quarterly revenue 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. On average, equities analysts expect that Trimble will post 3.1 earnings per share for the current year.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 17,426 shares in the company, valued at approximately $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Institutional Trading of Trimble

Institutional investors have recently bought and sold shares of the business. Sumitomo Life Insurance Co. lifted its stake in Trimble by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company's stock valued at $3,098,000 after buying an additional 169 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Trimble by 4.9% in the 1st quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company's stock valued at $279,000 after acquiring an additional 198 shares during the period. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Trimble by 5.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 4,127 shares of the scientific and technical instruments company's stock valued at $269,000 after acquiring an additional 203 shares during the period. State of Wyoming raised its position in Trimble by 14.5% in the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company's stock valued at $124,000 after purchasing an additional 240 shares during the last quarter. Finally, OLD National Bancorp IN raised its position in Trimble by 6.0% in the 1st quarter. OLD National Bancorp IN now owns 4,453 shares of the scientific and technical instruments company's stock valued at $290,000 after purchasing an additional 253 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

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.

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