Trimble (NASDAQ:TRMB) Price Target Lowered to $79.00 at Wells Fargo & Company

Trimble (NASDAQ:TRMB) had its target price trimmed by Wells Fargo & Company from $94.00 to $79.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.

Several other research firms have also recently weighed in on TRMB. Oppenheimer reiterated an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research report on Monday, December 15th. Sanford C. Bernstein restated an “outperform” rating on shares of Trimble in a research report on Wednesday. Finally, Barclays raised their target price on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $93.33.

Trimble Price Performance

Shares of TRMB opened at $66.01 on Thursday. The business has a 50-day moving average of $75.65 and a 200-day moving average of $78.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.86. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.59. Trimble has a 1 year low of $52.91 and a 1 year high of $87.50.

Trimble (NASDAQ:TRMB) last announced its 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 return on equity of 11.18% and a net margin of 11.82%.The business had revenue of $969.80 million for the quarter, compared to analysts’ expectations of $949.97 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’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. As a group, equities research analysts anticipate that Trimble will post 2.37 earnings per share for the current year.

Trimble announced that its Board of Directors has approved a share repurchase program on Friday, December 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the transaction, the chief executive officer owned 34,397 shares in the company, valued at $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 616 shares of Trimble stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. The trade was a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,866 shares of company stock valued at $1,448,543 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in Trimble in the 3rd quarter valued at about $25,000. Rothschild Investment LLC increased its position in shares of Trimble by 193.6% during the fourth quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of Trimble during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new position in Trimble in the fourth quarter worth $27,000. Finally, Root Financial Partners LLC purchased a new position in Trimble in the third quarter worth $30,000. 93.21% of the stock is owned by institutional investors.

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.