Wall Street Zen cut shares of Trimble (NASDAQ:TRMB – Free Report) from a buy rating to a hold rating in a research report report published on Sunday morning,Wall Street Zen reports.
Several other analysts have also weighed in on the company. Weiss Ratings lowered Trimble from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. Sanford C. Bernstein dropped their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Piper Sandler reissued an “overweight” rating and issued a $87.00 target price on shares of Trimble in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Trimble from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.12.
Check Out Our Latest Analysis on Trimble
Trimble Price Performance
Trimble (NASDAQ:TRMB – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $972.00 million for the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a positive return on equity of 12.29% and a negative net margin of 2.77%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, equities research analysts predict that Trimble will post 3.1 earnings per share for the current year.
Insider Buying and Selling
In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director owned 17,426 shares in the company, valued at $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 is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by company insiders.
Institutional Trading of Trimble
Large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Trimble in the 2nd quarter valued at about $1,096,304,000. Generation Investment Management LLP purchased a new position in shares of Trimble during the second quarter worth approximately $367,994,000. Primecap Management Co. CA purchased a new position in shares of Trimble during the second quarter worth approximately $200,405,000. Legal & General Group Plc bought a new stake in shares of Trimble during the second quarter valued at approximately $112,613,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Trimble during the second quarter valued at approximately $109,046,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
Trimble Company Profile
Trimble Inc is a technology company that provides positioning, modeling, connectivity and data-management solutions for industries that rely on accurate location and operational information. Its offerings combine hardware, software and cloud-based services to help customers plan, measure, design, build, manage and maintain physical assets and infrastructure.
The company serves the construction, geospatial, transportation and logistics, agriculture, natural resources, utilities and government markets.
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