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

Key Points

• Wall Street Zen upgraded Trimble to “Buy” from “Hold,” while the broader analyst consensus remains “Moderate Buy,” with a target price of $81.78.
• Trimble reported quarterly earnings of $0.86 per share, exceeding estimates of $0.80, while revenue reached $972 million and increased 11% year over year.
• TRMB opened at $60.25, and institutional investors own 93.21% of the stock. A company director also sold 1,718 shares for approximately $103,080 under a pre-arranged trading plan.

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

TRMB has been the subject of several other research reports. Sanford C. Bernstein reduced their price objective on shares of Trimble from $85.00 to $73.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company dropped their target price on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Piper Sandler reissued an "overweight" rating and set a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer restated an "outperform" rating and set a $80.00 target price on shares of Trimble in a report on Tuesday, July 7th. Finally, Barclays lifted their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.78.

Trimble Stock Up 1.0%

TRMB opened at $60.25 on Friday. Trimble has a one year low of $47.92 and a one year high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95. The stock's fifty day moving average is $54.06 and its 200-day moving average is $60.17. The company has a market capitalization of $14.05 billion, a PE ratio of -122.96, a P/E/G ratio of 2.00 and a beta of 1.37.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to analysts' expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. On average, equities analysts predict that Trimble will post 3.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Trimble by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 30,570,278 shares of the scientific and technical instruments company's stock valued at $2,395,181,000 after purchasing an additional 304,461 shares during the period. BlackRock Inc. acquired a new stake in shares of Trimble in the second quarter worth $1,096,304,000. State Street Corp grew its holdings in shares of Trimble by 0.4% during the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company's stock valued at $894,183,000 after buying an additional 43,285 shares in the last quarter. Generation Investment Management LLP purchased a new position in shares of Trimble during the second quarter valued at $367,994,000. Finally, Geode Capital Management LLC raised its position in Trimble by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,309,075 shares of the scientific and technical instruments company's stock valued at $492,426,000 after buying an additional 55,073 shares during the period. 93.21% of the stock is 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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