Trimble (NASDAQ:TRMB) Given New $76.00 Price Target at JPMorgan Chase & Co.

Trimble (NASDAQ:TRMB) had its price objective increased by research analysts at JPMorgan Chase & Co. from $75.00 to $76.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 37.21% from the company’s previous close.

TRMB has been the subject of a number of other reports. Piper Sandler reiterated an “overweight” rating and set a $87.00 target price on shares of Trimble in a research report on Thursday. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays dropped their price target on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price objective 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. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.67.

Trimble Stock Performance

Shares of TRMB traded down $0.96 during mid-day trading on Thursday, hitting $55.39. 816,066 shares of the company’s stock were exchanged, compared to its average volume of 2,397,537. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The stock’s 50-day simple moving average is $53.27 and its 200-day simple moving average is $60.68. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, equities research analysts expect that Trimble will post 3.01 EPS for the current year.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the sale, the director directly owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Peapack Gladstone Financial Corp increased its holdings in shares of Trimble by 2.6% in the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after buying an additional 125 shares during the period. Fiduciary Trust Co lifted its stake in shares of Trimble by 1.9% in the 3rd quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock valued at $675,000 after acquiring an additional 151 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Trimble by 11.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock valued at $126,000 after acquiring an additional 155 shares during the period. Geneos Wealth Management Inc. grew its position in Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its position in Trimble by 0.4% during 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 acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Key Stories Impacting Trimble

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q2 results exceeded expectations: Trimble reported revenue of $972 million, up 11% year over year, and adjusted EPS of $0.86 versus the $0.80 consensus estimate. Annualized recurring revenue reached a record $2.51 billion, while adjusted EBITDA was $278 million, or 28.6% of revenue. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Higher outlook and buyback support the shares: Management raised full-year 2026 guidance to $3.60–$3.70 in non-GAAP EPS and approximately $3.90–$3.95 billion in revenue. The board also authorized a new $1 billion share-repurchase program, signaling confidence in cash generation and valuation. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Analyst remains bullish: Piper Sandler reaffirmed its “Overweight” rating and set an $87 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Neutral Sentiment: Transportation trends are improving but still monitored: Transportation revenue increased 5%, with management citing early “green shoots” in freight. However, the segment’s recovery remains important to sustaining broader software and recurring-revenue growth. Trimble sees freight green shoots as transportation revenue rises 5%
• Negative Sentiment: Goodwill impairment overshadowed the quarter: Trimble recorded a $562 million non-cash impairment in Transportation and Logistics, producing a GAAP net loss of about $472 million. Investors appear focused on the reported loss and questions about the segment’s long-term value despite strong adjusted results. Trimble Slides as Transportation Unit Impairment Overshadows Strong Q2
• Negative Sentiment: Insider and institutional activity is a cautionary signal: Reported insider transactions showed sales and no purchases over the past six months, while several large institutions reduced holdings. These trends may reinforce investor concerns even though analyst price targets remain well above the current share price.

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.