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

Key Points

• Wall Street Zen downgraded Trimble from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $81.67.
• Trimble reported quarterly EPS of $0.86, beating estimates of $0.80, while revenue rose 11% year over year to $972 million. The company issued third-quarter and full-year 2026 EPS guidance.
• Trimble shares opened at $57.60, near the lower half of their 12-month range, while institutional investors own 93.21% of the stock; a company director also sold $103,080 worth of shares under a pre-arranged trading plan.

Trimble (NASDAQ:TRMB - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on TRMB. Oppenheimer restated an "outperform" rating and set a $80.00 price objective on shares of Trimble in a report on Tuesday, July 7th. Weiss Ratings lowered Trimble from a "hold (c-)" rating to a "sell (d)" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Trimble from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Finally, Sanford C. Bernstein cut their price target on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating on the stock in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.67.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $57.60 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. Trimble has a 12 month low of $47.92 and a 12 month high of $84.42. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of -117.55, a PEG ratio of 1.91 and a beta of 1.37. The firm's 50-day moving average is $53.38 and its 200 day moving average is $60.56.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Research analysts predict that Trimble will post 3.01 EPS for the current year.

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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Trimble

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Trimble during the 2nd quarter worth $1,096,304,000. Generation Investment Management LLP purchased a new stake in Trimble in the second quarter worth about $367,994,000. Primecap Management Co. CA purchased a new stake in Trimble in the second quarter worth about $200,405,000. Wellington Management Group LLP grew its holdings in Trimble by 126.0% during the 4th quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company's stock worth $485,747,000 after acquiring an additional 3,455,949 shares in the last quarter. Finally, Norges Bank bought a new position in Trimble during the 4th quarter worth about $213,133,000. 93.21% of the stock is owned by institutional investors.

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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