Trimble’s Strong Performance and Strategic Growth: Buy Rating Affirmed by Analyst

Bernstein analyst Chad Dillard has maintained their bullish stance on TRMB stock, giving a Buy rating today.

Chad Dillard has given his Buy rating due to a combination of factors that highlight Trimble’s robust performance and strategic initiatives. The company reported an adjusted EPS that surpassed expectations, driven by the strength in its field systems segment, which underscores the resilience of its business model amidst prevailing uncertainties.
Additionally, the demand for construction technology remains strong, with notable growth in AECO’s organic ARR and successful cross-selling strategies that have bolstered bookings. Trimble’s strategic partnerships, including new relationships with major companies like Liebherr, are enhancing hardware penetration. Furthermore, the company has effectively managed tariff impacts by implementing surcharges, and its production footprint is largely insulated from direct tariff effects due to its focus on US and Mexico operations.

In another report released today, J.P. Morgan also reiterated a Buy rating on the stock with a $84.00 price target.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRMB in relation to earlier this year.