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

Trimble (NASDAQ:TRMB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently commented on TRMB. Weiss Ratings downgraded Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Wells Fargo & Company decreased their target price on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Barclays lifted their price target on Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.78.

Trimble Stock Performance

NASDAQ TRMB opened at $57.85 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $57.80 and its two-hundred day moving average is $58.65. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of -118.06, a PEG ratio of 1.88 and a beta of 1.36. Trimble has a 12-month low of $47.92 and a 12-month high of $84.42.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm had revenue of $972.00 million for the quarter, compared to analyst estimates of $952.09 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Trimble’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. Research analysts expect that Trimble will post 3.08 EPS for the current year.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business’s 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 owned 17,426 shares in the company, valued at $1,045,560. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Trimble

A number of large investors have recently modified their holdings of the company. Sumitomo Life Insurance Co. boosted its holdings in shares of Trimble by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock valued at $3,098,000 after acquiring an additional 169 shares in the last quarter. Brookstone Capital Management grew its position in Trimble by 4.9% in the first quarter. Brookstone Capital Management now owns 4,278 shares of the scientific and technical instruments company’s stock worth $279,000 after buying an additional 198 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Trimble by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 11,000 shares of the scientific and technical instruments company’s stock valued at $862,000 after buying an additional 200 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Trimble by 5.2% in 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 buying an additional 203 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

About Trimble

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company’s products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.