Trimble (NASDAQ:TRMB) Given New $79.00 Price Target at Barclays

Key Points

• Barclays cut its price target on Trimble from $103 to $79, while keeping an overweight rating. The new target still implies about 40% upside from the prior close.
• Trimble’s latest earnings beat expectations, reporting $0.79 EPS versus $0.72 expected and revenue of $939.9 million versus $905.6 million projected. Quarterly revenue rose 11.8% year over year, and the company also issued Q2 and full-year FY2026 guidance.
• Shares rose 2.7% to $56.41 on Friday, even as analyst views remained mixed. The stock’s consensus rating is Moderate Buy with an average price target of $87.33.

Trimble (NASDAQ:TRMB - Get Free Report) had its price target decreased by equities research analysts at Barclays from $103.00 to $79.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the scientific and technical instruments company's stock. Barclays's price objective would indicate a potential upside of 40.05% from the stock's previous close.

Other equities research analysts have also issued reports about the company. Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Robert W. Baird lowered their price target on shares of Trimble from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 30th. Oppenheimer lowered their price target on shares of Trimble from $86.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, May 7th. Finally, Wells Fargo & Company lowered their price target on shares of Trimble from $79.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of "Moderate Buy" and a consensus price target of $87.33.

Trimble Trading Up 2.7%

Shares of NASDAQ:TRMB traded up $1.49 during trading on Friday, reaching $56.41. The stock had a trading volume of 6,114,015 shares, compared to its average volume of 2,129,047. The stock has a market cap of $13.15 billion, a P/E ratio of 29.69, a PEG ratio of 1.83 and a beta of 1.45. The business has a fifty day moving average price of $63.11 and a 200-day moving average price of $70.43. Trimble has a fifty-two week low of $52.80 and a fifty-two week high of $87.50. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. As a group, analysts anticipate that Trimble will post 2.99 earnings per share for the current fiscal year.

Insider Activity at Trimble

In other news, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the transaction, the chief executive officer directly owned 11,897 shares of the company's stock, valued at $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 31,725 shares of company stock valued at $2,151,167. Insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRMB. Essex Investment Management Co. LLC lifted its stake in Trimble by 168.8% during the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company's stock valued at $3,729,000 after purchasing an additional 28,676 shares during the last quarter. Barclays PLC raised its position in Trimble by 17.5% during the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company's stock valued at $68,555,000 after buying an additional 124,772 shares during the period. Envestnet Asset Management Inc. raised its position in Trimble by 73.3% during the third quarter. Envestnet Asset Management Inc. now owns 481,877 shares of the scientific and technical instruments company's stock valued at $39,345,000 after buying an additional 203,804 shares during the period. ARK Investment Management LLC increased its stake in Trimble by 13.8% in the 3rd quarter. ARK Investment Management LLC now owns 918,438 shares of the scientific and technical instruments company's stock valued at $74,990,000 after buying an additional 111,450 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in Trimble by 2.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,550,758 shares of the scientific and technical instruments company's stock valued at $126,619,000 after buying an additional 42,929 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

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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