Trimble (NASDAQ:TRMB) Upgraded to Buy at Wall Street Zen

Key Points

• Trimble was upgraded to Buy by Wall Street Zen from Hold, adding to a generally constructive analyst backdrop that still includes a consensus Moderate Buy rating and an average price target of $90.00.
• The company reported a strong fiscal Q1 2026, with EPS of $0.79 and revenue of $939.9 million, both ahead of expectations; revenue rose 11.8% year over year and management raised full-year guidance.
• Despite the upbeat earnings, price targets were trimmed by several firms, and insiders recently sold shares under pre-arranged plans to cover tax withholding, which may weigh on near-term sentiment.

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

TRMB has been the topic of several other reports. Wells Fargo & Company lowered their price target on shares of Trimble from $79.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday. Robert W. Baird lowered their price target on shares of Trimble from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Trimble in a report on Wednesday, January 21st. Zacks Research lowered shares of Trimble from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Trimble in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $90.00.

Trimble Price Performance

NASDAQ:TRMB opened at $60.81 on Friday. Trimble has a one year low of $59.85 and a one year high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 1.01. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.06 and a beta of 1.45. The firm's fifty day moving average is $66.75 and its two-hundred day moving average is $72.92.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly 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. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. During the same period in the prior year, the company earned $0.61 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. Research analysts expect that Trimble will post 3 EPS for the current year.

Insider Activity

In related news, CEO Robert G. Painter sold 7,500 shares of the company's 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 owned 11,897 shares in the company, valued at $796,385.18. This represents a 38.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, VP Mark David Schwartz sold 16,725 shares of the company's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the transaction, the vice president owned 19,668 shares of the company's stock, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. 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 90 days, insiders have sold 31,725 shares of company stock valued at $2,151,167. Insiders own 0.59% of the company's stock.

Institutional Trading of Trimble

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Trimble by 30.9% during the 3rd quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company's stock worth $7,843,000 after purchasing an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Trimble by 31.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company's stock worth $11,944,000 after purchasing an additional 35,015 shares during the period. Essex Investment Management Co. LLC boosted its position in shares of Trimble by 168.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company's stock worth $3,729,000 after purchasing an additional 28,676 shares during the period. Barclays PLC boosted its position in shares of Trimble by 17.5% during the 3rd quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company's stock worth $68,555,000 after purchasing an additional 124,772 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Trimble by 73.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 481,877 shares of the scientific and technical instruments company's stock worth $39,345,000 after purchasing an additional 203,804 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

More Trimble News

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Trimble beat Q1 fiscal 2026 expectations, with revenue of $939.9 million and adjusted EPS of $0.79, while recurring revenue strength pushed annual recurring revenue to $2.43 billion and supported a guidance raise for 2026. Article Title
• Positive Sentiment: Management’s updated outlook signals continued growth, with higher full-year expectations and improving margins, which investors often view as a sign of durable demand and better earnings quality. Article Title
• Neutral Sentiment: Several analysts remain constructive, with firms including Wells Fargo, Oppenheimer, and Piper Sandler maintaining positive ratings despite trimming price targets after the report. Article Title
• Neutral Sentiment: Trimble was also described as underperforming peers in one market recap, suggesting the stock’s move may reflect a broader post-earnings reassessment rather than a company-specific operational problem. Article Title
• Negative Sentiment: Despite the strong quarter, analysts lowered price targets on TRMB, including Wells Fargo, Oppenheimer, and Piper Sandler, which can weigh on sentiment and limit upside expectations. Article Title

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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