Trimble (NASDAQ:TRMB) Price Target Lowered to $79.00 at Barclays

Trimble (NASDAQ:TRMB) had its price objective reduced by Barclays from $103.00 to $79.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their price objective on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Oppenheimer reduced their price objective on shares of Trimble from $86.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Piper Sandler reduced their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Ten investment 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 stock presently has an average rating of “Moderate Buy” and an average target price of $87.33.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $56.41 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. Trimble has a 1-year low of $52.80 and a 1-year high of $87.50. The company has a market capitalization of $13.15 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.84 and a beta of 1.45. The firm’s 50 day simple moving average is $62.92 and its two-hundred day simple moving average is $70.33.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $939.90 million for the quarter, compared to the consensus estimate of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. 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 2.99 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In related news, VP Mark David Schwartz sold 16,725 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $67.01, for a total value of $1,120,742.25. Following the sale, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. The trade was a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total transaction of $502,050.00. Following the completion of the sale, 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 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. Insiders sold 31,725 shares of company stock worth $2,151,167 in the last 90 days. 0.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trimble

Large investors have recently bought and sold shares of the business. Rothschild Investment LLC increased its position in Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 213 shares during the last quarter. DV Equities LLC bought a new stake in Trimble in the fourth quarter worth $26,000. Toth Financial Advisory Corp bought a new stake in Trimble in the fourth quarter worth $27,000. Bank of Jackson Hole Trust bought a new stake in Trimble in the fourth quarter worth $27,000. Finally, Quarry LP boosted its stake in Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 232 shares during the period. Institutional investors own 93.21% of the company’s stock.

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.