Trimble Inc. (NASDAQ:TRMB) Receives Consensus Rating of “Buy” from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have received a consensus rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $93.50.

TRMB has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research report on Wednesday, February 11th. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research note on Monday, December 15th. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price target on shares of Trimble in a research report on Friday, November 7th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company lowered their target price on shares of Trimble from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th.

Insider Buying and Selling at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer directly owned 25,684 shares of the company’s stock, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $81.39, for a total transaction of $610,425.00. Following the sale, the chief executive officer owned 41,897 shares of the company’s stock, valued at $3,409,996.83. This trade represents a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,866 shares of company stock worth $1,448,543. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TRMB. Invesco Ltd. increased its stake in Trimble by 0.3% in the 4th quarter. Invesco Ltd. now owns 4,169,491 shares of the scientific and technical instruments company’s stock valued at $326,680,000 after buying an additional 12,519 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Trimble by 49.3% in the fourth quarter. Corient Private Wealth LLC now owns 31,034 shares of the scientific and technical instruments company’s stock valued at $2,432,000 after acquiring an additional 10,246 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Trimble in the fourth quarter valued at about $319,000. First Citizens Bank & Trust Co. acquired a new position in shares of Trimble during the fourth quarter worth about $211,000. Finally, EP Wealth Advisors LLC purchased a new position in Trimble during the fourth quarter worth about $1,763,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Up 0.7%

TRMB stock opened at $67.39 on Friday. The stock has a market cap of $16.03 billion, a P/E ratio of 38.51, a PEG ratio of 2.23 and a beta of 1.59. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Trimble has a twelve month low of $52.91 and a twelve month high of $87.50. The company’s 50 day moving average is $74.06 and its two-hundred day moving average is $78.27.

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

Trimble announced that its Board of Directors has authorized a share buyback program on Friday, December 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Trimble

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.