Trimble (NASDAQ:TRMB) Sets New 52-Week Low on Analyst Downgrade

Key Points

• Trimble hit a new 52-week low after Wells Fargo lowered its price target from $79 to $70 (maintaining an overweight rating), with shares trading near $61.60 on heavy volume.
• Despite a Q1 beat—$0.79 EPS vs. $0.72 and $939.9M revenue—management raised FY guidance to $3.47–$3.64, reported record ARR of $2.43B and $317M of buybacks, yet multiple brokers trimmed price targets, pressuring sentiment.
• Insiders sold 31,725 shares over the last 90 days (including VP Mark Schwartz and CEO Robert Painter under Rule 10b5‑1 plans) to cover tax withholding, leaving insiders with about 0.59% ownership.

Trimble Inc. (NASDAQ:TRMB - Get Free Report) hit a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $79.00 to $70.00. Wells Fargo & Company currently has an overweight rating on the stock. Trimble traded as low as $61.60 and last traded at $61.85, with a volume of 3705627 shares trading hands. The stock had previously closed at $63.42.

A number of other research analysts also recently commented on the company. Oppenheimer reduced their target price on Trimble from $86.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday. Zacks Research downgraded Trimble from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Sanford C. Bernstein reissued an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Piper Sandler cut their price target on Trimble from $97.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Robert W. Baird cut their price target on Trimble from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 30th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of "Moderate Buy" and an average target price of $90.00.

Insider Activity at Trimble

In related news, VP Mark David Schwartz sold 16,725 shares of the firm's 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 sale, the vice president directly owned 19,668 shares in the company, valued at $1,317,952.68. This trade represents a 45.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 the firm's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the sale, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. This represents a 38.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders sold 31,725 shares of company stock worth $2,151,167. 0.59% of the stock is owned by insiders.

Trending Headlines about Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q1 results beat expectations — Trimble reported $0.79 adjusted EPS vs. $0.72 consensus and revenue of $939.9M (vs. $905.6M est.). Management highlighted record annualized recurring revenue (ARR of $2.43B), margin expansion and said results exceeded expectations. TRMB Q1 Earnings Beat Estimates on Recurring Revenue Strength
• Positive Sentiment: Capital return and margins — Trimble announced $317M of share repurchases in Q1 and reported record gross and operating margins, supporting future EPS leverage. Trimble Announces First Quarter 2026 Results
• Positive Sentiment: Guidance nudged up — Trimble raised FY 2026 EPS guidance to $3.47–$3.64 and Q2 EPS to $0.78–$0.82 (slightly above street Q2 EPS), while revenue guidance was maintained in the $3.8–$3.9B area. That signals confidence in recurring revenue growth. Trimble Q1 Press Release / Guidance
• Neutral Sentiment: Earnings call materials and transcript available — Management provided slides and a transcript with details on segment performance and go-to-market progress; useful for modeling revenue cadence but no new surprises beyond the press release. Trimble (TRMB) Q1 2026 Earnings Transcript
• Negative Sentiment: Multiple brokers trimmed price targets after the beat — Wells Fargo cut its PT to $70 (still overweight), Oppenheimer trimmed to $80 (outperform), and Piper Sandler lowered its PT to $87 (overweight). Those reductions are pressuring sentiment despite buy-and-hold ratings. Broker Price Target Moves (Benzinga/The Fly/TickerReport)
• Negative Sentiment: Analysts pared forecasts — Some analysts revised near-term estimates downward after the results, signaling caution on growth pacing even as long-term ARR traction remains intact. These Analysts Cut Their Forecasts On Trimble After Q1 Results
• Negative Sentiment: Relative underperformance — Market commentary notes TRMB underperformed peers on Wednesday, which can trigger short-term selling and reduce momentum despite the underlying beat. Trimble Inc. stock underperforms Wednesday when compared to competitors

Hedge Funds Weigh In On Trimble

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in shares of Trimble during the fourth quarter valued at $211,000. Empowered Funds LLC grew its holdings in shares of Trimble by 9.5% during the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company's stock valued at $461,000 after buying an additional 607 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Trimble by 41.6% during the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company's stock valued at $1,363,000 after buying an additional 6,100 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Trimble during the second quarter valued at $208,000. Finally, Marshall Wace LLP grew its holdings in shares of Trimble by 31.8% during the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company's stock valued at $8,624,000 after buying an additional 27,374 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 2.5%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.96. The firm has a market cap of $14.35 billion, a PE ratio of 35.34, a P/E/G ratio of 2.28 and a beta of 1.45. The business has a fifty day moving average price of $66.85 and a two-hundred day moving average price of $73.03.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.18% and a net margin of 11.82%.The firm had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business's quarterly revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, analysts anticipate that Trimble Inc. will post 3 EPS for the current fiscal year.

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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