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

Key Points

• Trimble has a Moderate Buy consensus from 11 analysts, with eight buy ratings, two holds and one sell; the average 12-month price target is $80.12 versus a recent share price of $57.52.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.86 per share and revenue of $972 million, up 11% year over year. Trimble guided for third-quarter fiscal 2026 EPS of $0.83–$0.88 and full-year EPS of $3.60–$3.70.
• Institutional investors own 93.21% of Trimble, with BlackRock, Generation Investment Management and others establishing significant positions during the second quarter. A company director separately sold 1,718 shares under a pre-arranged Rule 10b5-1 plan.

Trimble Inc. (NASDAQ:TRMB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.12.

TRMB has been the subject of several research reports. Weiss Ratings cut Trimble from a "hold (c-)" rating to a "sell (d)" rating in a report on Thursday, August 13th. Raymond James Financial lowered Trimble from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Trimble from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the business'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 sale, the director directly 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 filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trimble

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRMB. BlackRock Inc. bought a new position in shares of Trimble in the 2nd quarter valued at $1,096,304,000. Generation Investment Management LLP bought a new stake in Trimble during the 2nd quarter worth $367,994,000. Primecap Management Co. CA bought a new stake in Trimble during the 2nd quarter worth $200,405,000. Legal & General Group Plc acquired a new position in Trimble in the 2nd quarter worth about $112,613,000. Finally, Hsbc Holdings PLC acquired a new position in Trimble in the 2nd quarter worth about $109,046,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Down 0.0%

TRMB stock opened at $57.52 on Friday. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The business's 50 day simple moving average is $58.38 and its 200 day simple moving average is $58.37. 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 firm has a market capitalization of $13.41 billion, a PE ratio of -117.39, a PEG ratio of 1.86 and a beta of 1.34.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, research analysts anticipate 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.

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