Trimble (NASDAQ:TRMB) Given New $85.00 Price Target at Robert W. Baird

Trimble (NASDAQ:TRMB) had its price target decreased by Robert W. Baird from $90.00 to $85.00 in a report published on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the scientific and technical instruments company’s stock.

Several other equities research analysts also recently commented on TRMB. Barclays lifted their price objective on Trimble from $101.00 to $103.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and set a $86.00 price target on shares of Trimble in a report on Tuesday, February 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Finally, Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Trimble presently has an average rating of “Buy” and a consensus price target of $92.78.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $62.54 on Monday. The firm has a market cap of $14.63 billion, a P/E ratio of 35.74, a PEG ratio of 2.10 and a beta of 1.57. Trimble has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $67.35 and a 200 day moving average of $75.41.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $949.97 million. During the same quarter last year, the company 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. As a group, research analysts expect that Trimble will post 2.37 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $70.45, for a total value of $528,375.00. Following the transaction, the chief executive officer directly owned 19,397 shares of the company’s stock, valued at approximately $1,366,518.65. This trade represents a 27.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Trimble

Institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC increased its holdings in Trimble by 15.8% during the fourth quarter. Hsbc Holdings PLC now owns 2,464,654 shares of the scientific and technical instruments company’s stock valued at $193,153,000 after buying an additional 335,850 shares during the last quarter. Corient Private Wealth LLC raised its position in Trimble by 4.3% in the fourth quarter. Corient Private Wealth LLC now owns 21,675 shares of the scientific and technical instruments company’s stock worth $1,698,000 after acquiring an additional 887 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Trimble during the 4th quarter worth $48,000. MidFirst Bank bought a new stake in shares of Trimble during the 4th quarter valued at $419,000. Finally, DGS Capital Management LLC increased its stake in shares of Trimble by 25.8% in the 4th quarter. DGS Capital Management LLC now owns 5,267 shares of the scientific and technical instruments company’s stock worth $413,000 after purchasing an additional 1,081 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

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.