Trimble (NASDAQ:TRMB) Upgraded to Buy at Wall Street Zen

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

A number of other equities analysts also recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Oppenheimer reissued an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Weiss Ratings upgraded Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wells Fargo & Company lowered their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. dropped their target price on Trimble from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.00.

Trimble Stock Performance

Shares of TRMB stock opened at $63.49 on Friday. Trimble has a 1-year low of $47.92 and a 1-year high of $84.42. 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 company has a market capitalization of $14.80 billion, a price-to-earnings ratio of -129.57, a P/E/G ratio of 2.05 and a beta of 1.34. The stock’s fifty day simple moving average is $59.23 and its 200-day simple moving average is $57.87.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $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. On average, sell-side analysts predict that Trimble will post 3.10 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $103,080.00. Following the transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The sale 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 Investors Weigh In On Trimble

A number of large investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management boosted its holdings in 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 period. SBI Securities Co. Ltd. increased its stake in shares of Trimble by 32.4% in the third quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 199 shares during the period. Relyea Zuckerberg Hanson LLC increased its stake 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 worth $269,000 after purchasing an additional 203 shares during the period. State of Wyoming lifted its position in shares of Trimble by 14.5% during the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 240 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of Trimble by 6.0% during the 1st quarter. OLD National Bancorp IN now owns 4,453 shares of the scientific and technical instruments company’s stock worth $290,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.