Trimble Inc. (NASDAQ:TRMB) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts remain moderately bullish: Nine of 12 brokerages rate Trimble a buy and three recommend holding, with an average 12-month price target of $81.67 versus the reported share price of $57.54.
• Quarterly results and outlook exceeded expectations: Adjusted EPS came in at $0.86 versus $0.80 expected, while revenue rose 11% year over year to $972 million. Management raised fiscal 2026 guidance to $3.60–$3.70 in adjusted EPS and approximately $3.90–$3.95 billion in revenue.
• Impairment remains a key risk: A $562 million goodwill impairment in the Transportation and Logistics segment led to an approximately $472 million GAAP net loss, despite strong adjusted earnings. The board also authorized a new $1 billion share-repurchase program.

Shares of Trimble Inc. (NASDAQ:TRMB - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $81.6667.

TRMB has been the subject of several research reports. Barclays decreased their price objective on shares of Trimble from $103.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, May 29th. JPMorgan Chase & Co. raised their price objective on Trimble from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler restated an "overweight" rating and set a $87.00 target price on shares of Trimble in a research note on Thursday. Oppenheimer reissued an "outperform" rating and set a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Finally, 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.

Trimble Stock Up 2.1%

NASDAQ:TRMB opened at $57.54 on Friday. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The firm has a market cap of $13.41 billion, a P/E ratio of -117.43, a P/E/G ratio of 1.87 and a beta of 1.37. The firm has a 50-day simple moving average of $53.31 and a two-hundred day simple moving average of $60.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

Trimble (NASDAQ:TRMB - Get Free Report) last released 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 11.95% 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 period in the prior year, the firm posted $0.71 EPS. The firm's quarterly 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. Analysts predict that Trimble will post 3.01 earnings per share for the current fiscal year.

Key Stories Impacting Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Trimble reported second-quarter adjusted earnings of $0.86 per share, exceeding the $0.80 consensus estimate, while revenue rose 11% year over year to $972 million, above expectations of approximately $952 million. Field Systems performance, recurring-revenue growth and improved margins supported the results. Trimble Q2 Earnings Beat Estimates on Field Systems Strength
• Positive Sentiment: Management raised fiscal 2026 guidance to revenue of roughly $3.90 billion-$3.95 billion and non-GAAP EPS of $3.60-$3.70, above the prior outlook and the $3.47 analyst consensus for EPS. Annualized recurring revenue reached a record $2.51 billion. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: The board authorized a new $1 billion share-repurchase program, potentially supporting per-share value and signaling confidence in Trimble’s cash-generation outlook. Transportation revenue also increased 5%, with management citing early signs of improvement in freight markets. Trimble sees freight green shoots as transportation revenue rises 5%
• Positive Sentiment: JPMorgan raised its price target to $76 and reaffirmed an overweight rating, while Piper Sandler maintained its overweight rating with an $87 target. These targets imply substantial potential upside from recent trading levels.
• Neutral Sentiment: Third-quarter EPS guidance of $0.83-$0.88 brackets the $0.84 consensus estimate, while projected revenue of $953 million-$978 million is broadly consistent with expectations. This suggests continued growth but limited near-term upside surprises.
• Negative Sentiment: Trimble recorded a $562 million goodwill impairment in its Transportation and Logistics segment, producing a GAAP net loss of approximately $472 million despite much stronger adjusted earnings. The charge may weigh on sentiment and highlights ongoing challenges in that business. Trimble Slides as Transportation Unit Impairment Overshadows Strong Q2
• Negative Sentiment: Some investors viewed the outlook as modest, particularly the third-quarter guidance near consensus, which could limit enthusiasm after the earnings beat. Recent reported insider activity also showed sales without purchases, although such transactions are not necessarily indicative of business fundamentals.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the sale, the director owned 17,426 shares of the company's stock, valued at approximately $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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company's stock.

Hedge Funds Weigh In On Trimble

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC lifted its stake in Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 213 shares in the last quarter. DV Equities LLC bought a new stake in shares of Trimble in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Trimble in the fourth quarter worth about $27,000. Quarry LP lifted its position in shares of Trimble by 175.8% in the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company's stock worth $30,000 after buying an additional 232 shares in the last quarter. Finally, BOKF NA lifted its position in shares of Trimble by 103.8% in the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company's stock worth $33,000 after buying an additional 217 shares in the last quarter. Institutional investors own 93.21% of the company's stock.

Trimble Company Profile

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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