Trimble (NASDAQ:TRMB) Upgraded at Wall Street Zen

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

TRMB has been the subject of a number of other reports. Barclays upped their price objective on shares of Trimble from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Sanford C. Bernstein cut their target price on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research report on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Trimble Stock Down 0.6%

Shares of Trimble stock opened at $57.51 on Friday. The stock’s fifty day moving average is $57.89 and its 200-day moving average is $58.57. The firm has a market capitalization of $13.41 billion, a PE ratio of -117.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. 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 results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.Trimble’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Equities analysts anticipate that Trimble will post 3.08 earnings per share for the current year.

Insider Activity

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,045,560. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its position in Trimble by 29.4% during the second quarter. Assenagon Asset Management S.A. now owns 347,691 shares of the scientific and technical instruments company’s stock valued at $17,795,000 after acquiring an additional 79,069 shares in the last quarter. National Pension Service lifted its stake in Trimble by 49.4% in the fourth quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after acquiring an additional 18,897 shares during the last quarter. OP Asset Management Ltd bought a new stake in Trimble in the first quarter worth approximately $2,891,000. Summit Partners Public Asset Management LLC acquired a new position in shares of Trimble during the 4th quarter worth $7,287,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Trimble during the 4th quarter worth $5,185,000. 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.