Trimble (NASDAQ:TRMB) Price Target Raised to $76.00 at JPMorgan Chase & Co.

Trimble (NASDAQ:TRMB) had its price target boosted by analysts at JPMorgan Chase & Co. from $75.00 to $76.00 in a research note issued 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 points to a potential upside of 37.21% from the stock’s previous close.

TRMB has been the topic of a number of other research reports. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Barclays reduced their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price target on shares of Trimble in a report on Tuesday, July 7th. Finally, Wells Fargo & Company reduced their price objective 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Trimble Trading Down 1.7%

TRMB traded down $0.96 during trading on Thursday, hitting $55.39. 816,066 shares of the stock traded hands, compared to its average volume of 2,397,537. The firm has a market capitalization of $12.91 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Trimble has a 12-month low of $47.92 and a 12-month high of $84.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The firm has a 50-day moving average of $53.27 and a 200 day moving average of $60.68.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. 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 research analysts anticipate that Trimble will post 3.01 EPS for the current year.

Insider Buying and Selling at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Trimble in the fourth quarter worth $211,000. Empowered Funds LLC lifted its position in Trimble by 9.5% during the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock valued at $461,000 after buying an additional 607 shares during the period. Woodline Partners LP boosted its holdings in shares of Trimble by 41.6% during the 1st quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock valued at $1,363,000 after buying an additional 6,100 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Trimble during the 2nd quarter valued at $208,000. Finally, Marshall Wace LLP grew its position in shares of Trimble by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after buying an additional 27,374 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Trimble News Roundup

Here are the key news stories impacting Trimble this week:

• Positive Sentiment: Q2 results exceeded expectations: Trimble reported revenue of $972 million, up 11% year over year, and adjusted EPS of $0.86 versus the $0.80 consensus estimate. Annualized recurring revenue reached a record $2.51 billion, while adjusted EBITDA was $278 million, or 28.6% of revenue. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Higher outlook and buyback support the shares: Management raised full-year 2026 guidance to $3.60–$3.70 in non-GAAP EPS and approximately $3.90–$3.95 billion in revenue. The board also authorized a new $1 billion share-repurchase program, signaling confidence in cash generation and valuation. Trimble Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Analyst remains bullish: Piper Sandler reaffirmed its “Overweight” rating and set an $87 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Neutral Sentiment: Transportation trends are improving but still monitored: Transportation revenue increased 5%, with management citing early “green shoots” in freight. However, the segment’s recovery remains important to sustaining broader software and recurring-revenue growth. Trimble sees freight green shoots as transportation revenue rises 5%
• Negative Sentiment: Goodwill impairment overshadowed the quarter: Trimble recorded a $562 million non-cash impairment in Transportation and Logistics, producing a GAAP net loss of about $472 million. Investors appear focused on the reported loss and questions about the segment’s long-term value despite strong adjusted results. Trimble Slides as Transportation Unit Impairment Overshadows Strong Q2
• Negative Sentiment: Insider and institutional activity is a cautionary signal: Reported insider transactions showed sales and no purchases over the past six months, while several large institutions reduced holdings. These trends may reinforce investor concerns even though analyst price targets remain well above the current share price.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.