Trimble (NASDAQ:TRMB) Stock Gets Downgrade from Wall Street Zen

Trimble (NASDAQ:TRMB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Several other research analysts have also recently commented on the stock. Loop Capital started coverage on shares of Trimble in a report on Monday, October 26th. They set a “buy” rating and a $76.00 target price on the stock. Sanford C. Bernstein dropped their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price target on shares of Trimble in a research note on Thursday, August 13th. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Oppenheimer lowered their price objective on Trimble from $80.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday. Nine investment 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. Based on data from MarketBeat, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.44.

Trimble Price Performance

TRMB opened at $54.11 on Friday. The stock has a fifty day moving average of $59.67 and a 200-day moving average of $60.50. The company has a market capitalization of $12.40 billion, a P/E ratio of -77.30, a P/E/G ratio of 1.75 and a beta of 1.32. Trimble has a fifty-two week low of $47.92 and a fifty-two week high of $84.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.93.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Trimble had a negative net margin of 4.08% and a positive return on equity of 12.73%. The business had revenue of $966.80 million for the quarter, compared to the consensus estimate of $966.41 million. During the same period in the prior year, the company posted $0.81 earnings per share. Trimble’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Trimble will post 3.10 EPS for the current year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 2,476 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $65.00, for a total transaction of $160,940.00. Following the sale, the director directly owned 14,950 shares in the company, valued at $971,750. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by insiders.

Institutional Trading of Trimble

A number of institutional investors and hedge funds have recently made changes to their positions in TRMB. SBI Securities Co. Ltd. grew its holdings in shares of Trimble by 32.4% during 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 last quarter. 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 valued at $269,000 after buying an additional 203 shares during the period. State of Wyoming raised its holdings in Trimble by 14.5% in the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock valued at $124,000 after buying an additional 240 shares during the last quarter. Brighton Jones LLC raised its holdings in Trimble by 5.6% in the 3rd quarter. Brighton Jones LLC now owns 4,559 shares of the scientific and technical instruments company’s stock valued at $260,000 after buying an additional 242 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Trimble by 5.6% in the 3rd quarter. Allworth Financial LP now owns 4,587 shares of the scientific and technical instruments company’s stock valued at $262,000 after buying an additional 242 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Key Trimble News

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q3 revenue rose 7.3% year over year to about $967 million, while earnings per share met consensus estimates. Strength in AECO (architecture, engineering, construction and owner) markets helped lift results. Annual recurring revenue reached a record $2.56 billion, with recurring revenue up 11%. Zacks article
• Neutral Sentiment: Matthew C. Brown joined Trimble’s board. The news did not include a specific financial or operating impact. Yahoo Finance article
• Negative Sentiment: Slower expected growth in recurring revenue weighed on the 2026 outlook, despite the record ARR. Another report said GAAP profit nearly halved, raising concerns about profitability alongside the growth figures. American Banking News article
• Negative Sentiment: Several firms lowered their price targets after the results: JPMorgan cut its target to $73 from $75, Baird to $67 from $70, Loop Capital to $70 from $76, and Wells Fargo to $60 from $61. JPMorgan and Wells Fargo retained Overweight ratings, but the reductions suggest more cautious expectations. Loop Capital price-target article

Trimble Company Profile

Trimble Inc develops technology that connects the physical and digital worlds to help customers plan, build, and manage infrastructure and other assets. Its offerings combine positioning technologies, hardware, software, and data services for industries including construction, geospatial, transportation, and agriculture.

Products and services include GNSS and surveying equipment, machine-control systems, mapping and measurement tools, and software for design, project management, fleet operations, and asset tracking.