Barclays Forecasts Strong Price Appreciation for Trimble (NASDAQ:TRMB) Stock

Trimble (NASDAQ:TRMB) had its target price raised by equities research analysts at Barclays from $101.00 to $103.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the scientific and technical instruments company’s stock. Barclays‘s price target points to a potential upside of 46.97% from the stock’s previous close.

A number of other analysts have also commented on TRMB. Piper Sandler reiterated an “overweight” rating and set a $97.00 price target on shares of Trimble in a report on Friday, November 7th. Wells Fargo & Company decreased their target price on Trimble from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Finally, Oppenheimer restated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $93.75.

Trimble Trading Down 0.5%

Shares of TRMB stock opened at $70.08 on Friday. 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 company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 2.34 and a beta of 1.57. Trimble has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a 50-day simple moving average of $71.40 and a two-hundred day simple moving average of $77.08.

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, topping 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 firm had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. During the same quarter last year, the firm earned $0.89 EPS. The company’s quarterly 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. Research analysts anticipate that Trimble will post 2.37 EPS for the current fiscal year.

Trimble announced that its Board of Directors has initiated a stock buyback plan on Friday, December 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Trimble

In other news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the transaction, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total value of $610,425.00. Following the completion of the sale, the chief executive officer owned 41,897 shares in the company, valued at $3,409,996.83. This represents a 15.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,250 shares of company stock valued at $1,398,038 in the last quarter. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Trimble

A number of institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in Trimble in the 3rd quarter valued at approximately $25,000. Rothschild Investment LLC boosted its holdings in shares of Trimble by 193.6% in the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC purchased a new position in shares of Trimble in the fourth quarter valued at $26,000. Toth Financial Advisory Corp purchased a new position in shares of Trimble in the fourth quarter valued at $27,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Trimble during the 4th quarter valued at $27,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

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.