Trimble Inc. (NASDAQ:TRMB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $87.3333.

A number of analysts recently weighed in on TRMB shares. Piper Sandler dropped their price objective on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a report on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Trimble from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th.

Trimble Stock Up 2.7%

Shares of NASDAQ:TRMB opened at $56.41 on Friday. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.89 and a beta of 1.45. Trimble has a 1-year low of $52.80 and a 1-year high of $87.50. The company’s fifty day moving average is $62.92 and its two-hundred day moving average is $70.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts anticipate that Trimble will post 2.99 EPS for the current year.

Insider Transactions at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at $796,385.18. This trade represents a 38.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 completion of the sale, the vice president directly owned 19,668 shares in the company, valued at approximately $1,317,952.68. This trade represents a 45.96% decrease in their position. The SEC filing for this sale provides additional information. 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 ninety days, insiders sold 31,725 shares of company stock worth $2,151,167. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Trimble

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Trimble by 1.0% in 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 buying an additional 304,461 shares in the last quarter. State Street Corp grew its position in Trimble by 0.4% in the 3rd 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. Geode Capital Management LLC grew its position in Trimble by 0.9% in the 4th 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 in the last quarter. Wellington Management Group LLP grew its position in Trimble by 126.0% in the 4th 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 buying an additional 3,455,949 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Trimble by 19.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after buying an additional 675,134 shares in the last quarter. 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.