Trimble (NASDAQ:TRMB) Raised to “Buy” at Wall Street Zen

by · The Markets Daily

Trimble (NASDAQ:TRMB – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also recently weighed in on TRMB. Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Oppenheimer reissued an “outperform” rating and set a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of Trimble from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Finally, Wells Fargo & Company lowered their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Read Our Latest Report on TRMB

Trimble Price Performance

NASDAQ:TRMB opened at $63.49 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The company’s fifty day moving average price is $59.23 and its 200-day moving average price is $57.82. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. The firm has a market capitalization of $14.80 billion, a P/E ratio of -129.57, a PEG ratio of 2.05 and a beta of 1.34.

Trimble (NASDAQ:TRMB – Get Free Report) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million during the quarter, compared to the consensus estimate of $952.09 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, equities research analysts anticipate that Trimble will post 3.10 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director directly 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 SEC, 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.

Hedge Funds Weigh In On Trimble

Hedge funds have recently made changes to their positions in the company. Apollon Wealth Management LLC acquired a new stake in shares of Trimble in the third quarter worth approximately $259,000. Robeco Schweiz AG purchased a new stake in shares of Trimble during the third quarter worth approximately $3,928,000. Norris Perne & French LLP MI raised its stake in Trimble by 221.3% in the 3rd quarter. Norris Perne & French LLP MI now owns 354,634 shares of the scientific and technical instruments company’s stock valued at $20,253,000 after purchasing an additional 244,273 shares during the last quarter. Signaturefd LLC raised its stake in Trimble by 37.1% in the 3rd quarter. Signaturefd LLC now owns 2,384 shares of the scientific and technical instruments company’s stock valued at $136,000 after purchasing an additional 645 shares during the last quarter. Finally, RWC Asset Management LLP lifted its holdings in Trimble by 3.5% in the 3rd quarter. RWC Asset Management LLP now owns 9,821 shares of the scientific and technical instruments company’s stock valued at $561,000 after purchasing an additional 328 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

About Trimble

(Get Free Report)

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.

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