Trimble (NASDAQ:TRMB) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research report released on Sunday morning,Wall Street Zen reports.

TRMB has been the subject of several other research reports. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price on shares of Trimble in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company dropped their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.12.

Trimble Stock Performance

Shares of Trimble stock opened at $60.95 on Friday. The firm has a market capitalization of $14.21 billion, a P/E ratio of -124.39, a P/E/G ratio of 1.90 and a beta of 1.34. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $58.49 and its two-hundred day moving average is $58.22.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Research analysts forecast that Trimble will post 3.1 EPS for the current fiscal year.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 of the company’s stock, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

A number of institutional investors have recently modified their holdings of TRMB. Sumitomo Life Insurance Co. boosted its stake in shares of Trimble by 0.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock worth $3,098,000 after buying an additional 169 shares during the last quarter. Brookstone Capital Management increased its position in shares of Trimble by 4.9% during the first quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company’s stock valued at $279,000 after acquiring an additional 198 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in shares of Trimble by 5.2% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 4,127 shares of the scientific and technical instruments company’s stock valued at $269,000 after acquiring an additional 203 shares during the last quarter. State of Wyoming lifted its holdings in Trimble by 14.5% during the first quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock worth $124,000 after acquiring an additional 240 shares during the period. Finally, OLD National Bancorp IN lifted its holdings in Trimble by 6.0% during the first quarter. OLD National Bancorp IN now owns 4,453 shares of the scientific and technical instruments company’s stock worth $290,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.

The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.