Trimble (NASDAQ:TRMB – Free Report) had its price target cut by Piper Sandler from $97.00 to $87.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the scientific and technical instruments company’s stock.
Several other brokerages have also recently issued reports on TRMB. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Trimble in a research note on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday, January 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $86.00 price objective on shares of Trimble in a research note on Tuesday, February 10th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.67.
View Our Latest Stock Analysis on Trimble
Trimble Price Performance
Trimble (NASDAQ:TRMB – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. Trimble had a net margin of 11.82% and a return on equity of 11.18%. The company had revenue of $939.90 million for the quarter, compared to analysts’ expectations of $905.60 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. Trimble’s quarterly revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, sell-side analysts expect that Trimble will post 3 earnings per share for the current year.
Insider Activity
In other news, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $66.94, for a total value of $502,050.00. Following the transaction, the chief executive officer owned 11,897 shares in the company, valued at approximately $796,385.18. This represents a 38.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Mark David Schwartz sold 16,725 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $67.01, for a total transaction of $1,120,742.25. Following the completion of the transaction, the vice president owned 19,668 shares in the company, valued at approximately $1,317,952.68. This represents a 45.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 31,725 shares of company stock worth $2,151,167 in the last three months. 0.59% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TRMB. Massachusetts Financial Services Co. MA bought a new position in shares of Trimble in the third quarter worth approximately $289,254,000. Wellington Management Group LLP lifted its stake in shares of Trimble by 126.0% in the fourth quarter. Wellington Management Group LLP now owns 6,199,706 shares of the scientific and technical instruments company’s stock worth $485,747,000 after buying an additional 3,455,949 shares in the last quarter. Norges Bank bought a new position in Trimble during the fourth quarter valued at approximately $213,133,000. Ninety One UK Ltd bought a new position in Trimble during the fourth quarter valued at approximately $67,741,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Trimble during the third quarter valued at approximately $56,747,000. Institutional investors own 93.21% of the company’s stock.
Trimble News Summary
Here are the key news stories impacting Trimble this week:
- Positive Sentiment: Q1 beat on both EPS and revenue — Trimble reported $0.79 EPS vs. consensus ~$0.72 and revenue of $939.9M vs. ~$905.6M, showing ~11.8% YoY revenue growth. Trimble Navigation (TRMB) Surpasses Q1 Earnings and Revenue Estimates
- Positive Sentiment: Management raised FY26 EPS guidance to $3.47–$3.64 (above prior consensus) and issued Q2 EPS guidance of $0.78–$0.82, signaling confidence in profitability. Trimble Announces First Quarter 2026 Results
- Positive Sentiment: Operational highlights: record annualized recurring revenue (ARR), best-ever gross and operating margins, and $317M of share repurchases, which support future EPS. Trimble Announces First Quarter 2026 Results
- Neutral Sentiment: Earnings call and slide deck available for details on segment performance and execution (useful for assessing sustainability of growth). Trimble Inc. 2026 Q1 – Results – Earnings Call Presentation
- Neutral Sentiment: Local coverage suggests FY26 sales could still top $3.9B, reinforcing management’s revenue range but leaving room for interpretation on upside. Trimble: 2026 sales could top $3.9B
- Negative Sentiment: Revenue range for FY26 ($3.8B–$3.9B) is modest relative to some Street expectations and the top end roughly matches consensus, which likely disappointed investors seeking a clearer upside bias. Trimble Announces First Quarter 2026 Results
- Negative Sentiment: Shares underperformed peers on the session — market reaction suggests investors focused on guidance nuances and near-term growth visibility rather than the beat. Trimble Inc. stock underperforms Wednesday when compared to competitors
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.
Further Reading
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