Wall Street Zen Upgrades Trimble (NASDAQ:TRMB) to "Buy"

Key Points

• Wall Street Zen upgraded Trimble to “Buy” from “Hold.” Overall analyst sentiment is “Moderate Buy,” with nine Buy ratings and an average price target of $81.78 versus the stock’s $57.85 price.
• Trimble reported quarterly EPS of $0.86, exceeding the $0.80 consensus estimate, while revenue rose 11% year over year to $972 million. The company provided third-quarter fiscal 2026 EPS guidance of $0.83–$0.88.
• Institutional investors own 93.21% of Trimble’s shares, with State Street increasing its stake by 7.9% during the second quarter; an insider separately sold $103,080 worth of stock under a pre-arranged trading plan.

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

A number of other research analysts have also recently issued reports on the company. Sanford C. Bernstein decreased their target price on Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. 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. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Barclays upped their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company cut their target price on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.78.

Trimble Stock Up 0.3%

NASDAQ TRMB opened at $57.85 on Friday. The business has a fifty day moving average price of $57.80 and a two-hundred day moving average price of $58.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The stock has a market capitalization of $13.49 billion, a PE ratio of -118.06, a PEG ratio of 1.87 and a beta of 1.36.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business posted $0.71 EPS. The company's 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. Equities analysts expect that Trimble will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction that occurred 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 owned 17,426 shares of the company's stock, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Trimble

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

About Trimble

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company's products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.

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