JPMorgan Chase & Co. Issues Pessimistic Forecast for Trimble (NASDAQ:TRMB) Stock Price

Trimble (NASDAQ:TRMB) had its target price reduced by analysts at JPMorgan Chase & Co. from $75.00 to $73.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 34.91% from the company’s current price.

Several other analysts have also issued reports on TRMB. Sanford C. Bernstein reduced their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Oppenheimer reduced their target price on Trimble from $80.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday. 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. Finally, Weiss Ratings raised Trimble from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Nine equities research 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 MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and an average price target of $78.44.

Trimble Price Performance

Shares of NASDAQ:TRMB traded up $0.47 during trading on Thursday, reaching $54.11. 3,163,231 shares of the company traded hands, compared to its average volume of 1,777,863. The firm has a market capitalization of $12.62 billion, a PE ratio of -77.30, a PEG ratio of 2.13 and a beta of 1.32. Trimble has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $59.67 and its two-hundred day moving average is $60.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%. The business had revenue of $966.80 million during the quarter, compared to the consensus estimate of $966.41 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Trimble’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Trimble will post 3.10 earnings per share for the current year.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 2,476 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $160,940.00. Following the sale, the director owned 14,950 shares of the company’s stock, valued at $971,750. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Trimble

Large investors have recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of Trimble by 5.6% during the third quarter. Allworth Financial LP now owns 4,587 shares of the scientific and technical instruments company’s stock worth $262,000 after acquiring an additional 242 shares during the last quarter. Fifth Third Bancorp increased its position in Trimble by 12.2% during the 3rd quarter. Fifth Third Bancorp now owns 54,877 shares of the scientific and technical instruments company’s stock valued at $3,134,000 after purchasing an additional 5,969 shares during the period. Maryland State Retirement & Pension System raised its holdings in Trimble by 23.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 15,248 shares of the scientific and technical instruments company’s stock worth $871,000 after purchasing an additional 2,891 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Trimble by 40.1% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 115,001 shares of the scientific and technical instruments company’s stock valued at $6,568,000 after purchasing an additional 32,902 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Trimble by 103.2% in the 3rd quarter. New York Life Investment Management LLC now owns 66,163 shares of the scientific and technical instruments company’s stock valued at $3,779,000 after purchasing an additional 33,595 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Key Stories Impacting Trimble

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

About Trimble

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.