Brokerages Set Trimble Inc. (NASDAQ:TRMB) PT at $93.50

Trimble Inc. (NASDAQ:TRMB) has received an average recommendation of “Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $93.50.

TRMB has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a report on Friday, November 7th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a report on Monday, December 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Barclays boosted their target price on shares of Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company lowered their price target on Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th.

Insiders Place Their Bets

In other news, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the transaction, the chief financial officer directly owned 25,684 shares in the company, valued at $2,066,277.80. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin Dalton sold 616 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the completion of the sale, the director owned 13,193 shares in the company, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,866 shares of company stock valued at $1,448,543 in the last three months. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in Trimble by 30.9% in the third quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock worth $7,843,000 after purchasing an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Trimble by 31.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock valued at $11,944,000 after buying an additional 35,015 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Trimble by 168.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock worth $3,729,000 after acquiring an additional 28,676 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Trimble by 123.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock worth $19,375,000 after acquiring an additional 131,056 shares during the period. Finally, Swiss National Bank boosted its position in shares of Trimble by 8.0% during the 2nd quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company’s stock valued at $56,529,000 after acquiring an additional 55,300 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 2.0%

TRMB stock opened at $66.74 on Friday. The firm has a market cap of $15.88 billion, a PE ratio of 38.14, a PEG ratio of 2.18 and a beta of 1.59. Trimble has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a fifty day simple moving average of $73.23 and a 200 day simple moving average of $77.84. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

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

Trimble announced that its board has initiated a share buyback plan on Friday, December 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.