Trimble (NASDAQ:TRMB) Shares Gap Down - Should You Sell?

Key Points

• Trimble shares plunged: The stock opened at $58.05 after closing at $65.61 and later traded at $54.06.
• Third-quarter adjusted EPS of $0.86 matched estimates, while revenue rose 7.3% year over year to $966.8 million; subscription annual recurring revenue reached a record $2.56 billion.
• A weaker growth outlook amid a slowdown in the European freight market appears to have overshadowed the results and weighed on the shares.

Trimble Inc. (NASDAQ:TRMB - Get Free Report)'s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $65.61, but opened at $58.05. Trimble shares last traded at $54.06, with a volume of 516,909 shares changing hands.

Trimble News Roundup

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Subscription annual recurring revenue reached a record $2.56 billion, supporting the company’s recurring-revenue strategy. Article: Trimble Q3 2026: EPS streak ends as subscription ARR hits $2.56B
• Neutral Sentiment: Third-quarter adjusted EPS of $0.86 matched estimates, while revenue of $966.8 million was essentially in line and rose 7.3% year over year. The company described results as exceeding its expectations, but the figures did not deliver a clear earnings surprise. Article: Trimble Announces Third Quarter 2026 Results and Updates Full Year Guidance
• Negative Sentiment: Trimble cut its growth outlook amid a slowdown in the European freight market. That softer outlook appears to have outweighed the solid recurring-revenue performance and contributed to the sharp decline in shares. Article: Trimble cuts growth outlook as European freight market slows

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. Barclays raised their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Loop Capital assumed coverage on Trimble in a report on Monday, October 26th. They set a "buy" rating and a $76.00 target price for the company. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Finally, Wells Fargo & Company lowered their price objective on Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trimble currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.56.

Trimble Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The company's 50 day simple moving average is $60.04 and its 200 day simple moving average is $60.80. The company has a market capitalization of $12.83 billion, a PE ratio of -112.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business had revenue of $966.80 million during the quarter, compared to the consensus estimate of $966.41 million. During the same quarter in the previous year, the firm earned $0.81 EPS. The company's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Trimble Inc. will post 3.10 earnings per share for the current year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 2,476 shares of the firm's stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $160,940.00. Following the transaction, the director owned 14,950 shares of the company's stock, valued at approximately $971,750. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Trimble

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Trimble in the 2nd quarter valued at $1,096,304,000. State Street Corp increased its position in Trimble by 7.9% during the 2nd 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 in the last quarter. Generation Investment Management LLP acquired a new position in Trimble during the second quarter valued at approximately $367,994,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Trimble by 5.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,687,967 shares of the scientific and technical instruments company's stock valued at $267,730,000 after buying an additional 239,499 shares in the last quarter. Finally, Primecap Management Co. CA purchased a new stake in Trimble during the second quarter worth approximately $200,405,000. 93.21% of the stock is owned by institutional investors and hedge funds.

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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