Trimble (NASDAQ:TRMB) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Trimble was downgraded to a "Hold" by Wall Street Zen (from "Buy"), though the sell‑side consensus remains a Buy with an average target price of $92.78 (10 Buys, 1 Hold, 1 Strong Buy reported).
• Trimble beat the quarter with $1.00 EPS vs. $0.96 expected and $969.8M revenue vs. ~$950M expected, but revenue was down 1.4% year‑over‑year; management set FY2026 guidance of 3.420–3.620 EPS and Q1 guidance of 0.690–0.740 EPS.
• The board authorized a $1.0 billion stock repurchase program (up to ~5.1% of shares), while institutional investors have been materially increasing positions and institutions now own roughly 93% of the stock.

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 research note issued on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Trimble in a research report on Wednesday, January 21st. Wells Fargo & Company cut their target price on Trimble from $94.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, February 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Barclays lifted their price target on Trimble from $101.00 to $103.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Finally, KeyCorp raised shares of Trimble from a "sector weight" rating to an "overweight" rating and set a $99.00 price objective for the company in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $92.78.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $65.12 on Friday. Trimble has a 12-month low of $52.91 and a 12-month high of $87.50. The stock has a market cap of $15.23 billion, a PE ratio of 37.21, a P/E/G ratio of 2.17 and a beta of 1.53. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $66.91 and a 200 day moving average of $75.05.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The business had revenue of $969.80 million for the quarter, compared to analyst estimates of $949.97 million. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business's revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. As a group, sell-side analysts predict that Trimble will post 2.37 EPS for the current fiscal year.

Trimble announced that its board has initiated a stock repurchase program on Friday, December 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the sale, the chief executive officer owned 19,397 shares in the company, valued at $1,366,518.65. The trade was a 27.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Trimble

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new position in Trimble during the third quarter worth about $289,254,000. Wellington Management Group LLP raised its stake in shares of Trimble by 126.0% in the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company's stock valued at $485,747,000 after acquiring an additional 3,455,949 shares during the period. Norges Bank acquired a new position in shares of Trimble in the 4th quarter worth approximately $213,133,000. Ninety One UK Ltd acquired a new position in shares of Trimble in the 4th quarter worth approximately $67,741,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Trimble during the 3rd quarter worth approximately $56,747,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

About Trimble

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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