Trimble (NASDAQ:TRMB) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

TRMB has been the subject of a number of other reports. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Wells Fargo & Company decreased their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings cut Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday. Barclays dropped their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $87.00 target price on shares of Trimble in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Trimble Stock Performance

NASDAQ TRMB opened at $57.60 on Friday. The firm has a market cap of $13.43 billion, a P/E ratio of -117.55, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $53.38 and its 200-day moving average is $60.56. Trimble has a 12-month low of $47.92 and a 12-month high of $84.42.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $0.71 EPS. Trimble’s revenue for the quarter 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. Sell-side analysts predict that Trimble will post 3.01 earnings per share for the current year.

Insider Buying and Selling at Trimble

In other news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Tuesday, August 4th. The shares were 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 of the company’s stock, valued at approximately $1,045,560. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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

A number of institutional investors have recently added to or reduced their stakes in TRMB. Rothschild Investment LLC lifted its stake in Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 213 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Trimble during the 2nd quarter valued at about $25,000. DV Equities LLC purchased a new position in shares of Trimble during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Trimble during the 4th quarter valued at about $27,000. Finally, Vega Investment Solutions bought a new stake in Trimble in the 2nd quarter worth approximately $29,000. Institutional investors own 93.21% of the company’s stock.

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.