Trimble Inc. (NASDAQ:TRMB – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $60.68 and traded as low as $52.33. Trimble shares last traded at $54.25, with a volume of 6,877,163 shares.
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
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Barclays increased their price target on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Piper Sandler reissued an “overweight” rating and set a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Sanford C. Bernstein reduced their price objective 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. Oppenheimer reduced their price objective on shares of Trimble from $80.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.44.
Read Our Latest Stock Report on TRMB
Trimble Trading Up 0.9%
The business’s 50 day moving average price is $59.67 and its two-hundred day moving average price is $60.50. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of -77.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.
Trimble (NASDAQ:TRMB – Get Free Report) last announced its earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $966.80 million for the quarter, compared to the consensus estimate of $966.41 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. During the same period in the previous year, the business earned $0.81 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Trimble Inc. will post 3.10 earnings per share for the current fiscal year.
Insider Transactions 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 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 trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.59% of the company’s stock.
Institutional Trading of Trimble
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Trimble in the second quarter valued at approximately $1,096,304,000. State Street Corp raised its holdings in Trimble by 7.9% during the second quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock worth $595,976,000 after purchasing an additional 849,549 shares in the last quarter. Generation Investment Management LLP acquired a new stake in Trimble in the second quarter worth approximately $367,994,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Trimble by 5.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,687,967 shares of the scientific and technical instruments company’s stock worth $267,730,000 after purchasing an additional 239,499 shares during the period. Finally, Primecap Management Co. CA bought a new position in Trimble during the 2nd quarter valued at $200,405,000. 93.21% of the stock is owned by institutional investors and hedge funds.
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.
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