Robert W. Baird Has Lowered Expectations for Trimble (NASDAQ:TRMB) Stock Price

Trimble (NASDAQ:TRMB) had its price target cut by stock analysts at Robert W. Baird from $90.00 to $85.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target would suggest a potential upside of 30.31% from the company’s current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company dropped their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Oppenheimer reissued an “outperform” rating and issued a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a research report on Monday, December 15th. Finally, Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $92.78.

Trimble Stock Up 4.3%

Trimble stock opened at $65.23 on Monday. The company has a market capitalization of $15.26 billion, a PE ratio of 37.27, a PEG ratio of 2.09 and a beta of 1.57. Trimble has a 12-month low of $52.91 and a 12-month high of $87.50. The firm’s fifty day moving average is $67.27 and its 200 day moving average is $75.30. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business had revenue of $969.80 million during the quarter, compared to analysts’ expectations of $949.97 million. During the same period last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. As a group, sell-side analysts predict that Trimble will post 2.37 EPS for the current fiscal year.

Trimble declared that its board has initiated a share repurchase plan on Friday, December 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the completion of the sale, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at $1,366,518.65. This represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trimble

Several institutional investors have recently bought and sold shares of TRMB. Massachusetts Financial Services Co. MA purchased a new position in shares of Trimble in the 3rd quarter worth approximately $289,254,000. Wellington Management Group LLP grew its holdings in shares of Trimble by 126.0% in the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock valued at $485,747,000 after acquiring an additional 3,455,949 shares in the last quarter. Norges Bank purchased a new stake in shares of Trimble during the fourth quarter valued at approximately $213,133,000. Ninety One UK Ltd purchased a new stake in shares of Trimble during the fourth quarter valued at approximately $67,741,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in Trimble during the third quarter worth $56,747,000. Institutional investors 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.