Trimble (NASDAQ:TRMB) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Trimble (NASDAQ:TRMB) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research report on Tuesday, February 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. Wells Fargo & Company cut their price objective on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.78.

Trimble Stock Performance

Shares of TRMB stock traded up $0.19 on Monday, hitting $66.70. The company’s stock had a trading volume of 189,014 shares, compared to its average volume of 2,021,737. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 1.09. The stock’s 50 day moving average is $66.51 and its 200-day moving average is $74.20. Trimble has a fifty-two week low of $55.55 and a fifty-two week high of $87.50. The company has a market capitalization of $15.48 billion, a PE ratio of 38.14, a PEG ratio of 2.23 and a beta of 1.53.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, February 10th. The scientific and technical instruments company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The business had revenue of $969.80 million for the quarter, compared to the consensus estimate of $949.97 million. During the same period in the prior year, the company posted $0.89 earnings per share. Trimble’s revenue was down 1.4% compared to the same quarter last year. Trimble has set its FY 2026 guidance at 3.420-3.620 EPS and its Q1 2026 guidance at 0.690-0.740 EPS. Equities research analysts expect that Trimble will post 2.37 earnings per share for the current fiscal year.

Insider Activity at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $70.45, for a total value of $528,375.00. Following the completion of the transaction, the chief executive officer owned 19,397 shares of the company’s stock, valued at approximately $1,366,518.65. This represents a 27.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TRMB. SG Americas Securities LLC increased its stake in shares of Trimble by 30.9% in the third quarter. SG Americas Securities LLC now owns 96,052 shares of the scientific and technical instruments company’s stock valued at $7,843,000 after buying an additional 22,650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Trimble by 31.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,283 shares of the scientific and technical instruments company’s stock valued at $11,944,000 after buying an additional 35,015 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of Trimble by 168.8% in the third quarter. Essex Investment Management Co. LLC now owns 45,669 shares of the scientific and technical instruments company’s stock valued at $3,729,000 after buying an additional 28,676 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Trimble by 123.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 237,294 shares of the scientific and technical instruments company’s stock valued at $19,375,000 after buying an additional 131,056 shares during the period. Finally, Barclays PLC increased its stake in shares of Trimble by 17.5% in the third quarter. Barclays PLC now owns 839,625 shares of the scientific and technical instruments company’s stock valued at $68,555,000 after buying an additional 124,772 shares during the period. Institutional investors own 93.21% of the company’s stock.

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.