Trimble (NASDAQ:TRMB) Sets New 1-Year Low – Here’s Why

by · The Cerbat Gem

Trimble Inc. (NASDAQ:TRMBGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $52.68 and last traded at $52.4440, with a volume of 798715 shares traded. The stock had previously closed at $53.63.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TRMB. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Barclays decreased their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Oppenheimer lowered their target price on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Piper Sandler cut their price target on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.33.

Check Out Our Latest Report on TRMB

Trimble Stock Performance

The stock has a 50-day moving average price of $61.70 and a 200 day moving average price of $69.33. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.81 and a beta of 1.38.

Trimble (NASDAQ:TRMBGet Free Report) last issued its 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. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The firm had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, analysts forecast that Trimble Inc. will post 2.99 EPS for the current year.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the sale, the chief executive officer directly owned 11,897 shares in the company, valued at $796,385.18. This trade represents a 38.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, 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 value of $1,120,742.25. Following the transaction, the vice president directly owned 19,668 shares of the company’s stock, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their ownership of the stock. 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. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trimble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in Trimble by 126.0% during the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after purchasing an additional 3,455,949 shares in the last quarter. Norges Bank acquired a new position in shares of Trimble in the 4th quarter valued at $213,133,000. Arrowstreet Capital Limited Partnership grew its position in shares of Trimble by 487.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,541,598 shares of the scientific and technical instruments company’s stock valued at $100,558,000 after buying an additional 1,279,030 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Trimble during the 4th quarter worth $67,741,000. Finally, Renaissance Technologies LLC lifted its position in Trimble by 487.9% in the first quarter. Renaissance Technologies LLC now owns 946,744 shares of the scientific and technical instruments company’s stock valued at $61,756,000 after acquiring an additional 785,700 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Company Profile

(Get Free Report)

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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