Loop Capital Initiates Trimble (TRMB) at Buy
Key Points
- Loop Capital initiated coverage with a Buy rating and set a price target of $76 for Trimble Inc. on October 27, 2026.
- Loop Capital's $76 price target implies 19.93% upside from Trimble Inc.'s ($TRMB) current $63.37 share price.
- Trimble's stock recently traded at $63.37, which is about 0.3% above its closing price of $63.16 on the same day.
- The company's revenue for the trailing twelve months stands at approximately $3.78 billion, with a year-over-year growth rate of 11%.
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On October 27, 2026, Loop Capital reiterated its Buy rating on Trimble Inc. with a price target of $76. This marks the firm's initiation of coverage for the stock. The closing price for Trimble on the same day was $63.16, and it traded recently at $63.37.
TRMB
Trimble Inc.
Loop Capital vs. the S&P 500
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Other Institutional Activity in Trimble Inc.
Ameriprise Financial, Inc. holds 12,681,892 shares of Trimble, valued at about $800.99 million, after growing its stake by 10,235,398 shares. Generation Investment Management LLP reduced its holdings by 590,559 shares, leaving it with 7,190,197 shares worth approximately $454.13 million. Select Equity Group LP cut its stake by 525,245 shares, ending with 5,080,354 shares valued at about $320.88 million.
Trimble Inc. Stock Holds Steady
Trimble's stock recently traded at $63.37, which is about 0.3% above its closing price of $63.16 on October 27, 2026. The shares are currently above their 50-day moving average by 6.8% and above their 200-day average by 3.6%. However, they are still 24.9% below the 52-week high of $84.42.
$TRMB price target
Trimble Inc. daily closes and this analyst's $76 target. Not advice.
Recent Earnings
For the trailing twelve months, Trimble reported revenue of approximately $3.78 billion, reflecting a year-over-year growth of 11%. The company has a negative net margin of 2.8% and a return on equity of -1.9%. The next earnings report is scheduled for November 4, 2026.
Insider Buying and Selling at Trimble Inc.
Since April 2026, several insiders have sold shares, including Chief Executive Officer Robert G. Painter, who sold 7,500 shares at an average price of $66.94 for a total of $502,050 on April 14, 2026. Officer Mark David Schwartz sold 16,725 shares at $67.01, totaling $1,120,742 on April 16, 2026. Director Kaigham J. Gabriel sold 1,718 shares at $60.00 for $103,080 on August 4, 2026.
Analysts Set New Price Targets
On October 27, 2026, Loop Capital initiated coverage with a Buy rating and a price target of $76. Bernstein maintains an Outperform rating with a target of $73, while JP Morgan has an Overweight rating with a target of $76. Barclays also maintains an Overweight rating with a target of $80.
About Trimble Inc.
Trimble Inc. provides technology solutions that connect workflows and industry lifecycles for professionals in various fields, including architecture and construction. The company's technology helps improve efficiency and productivity across different sectors. Loop Capital's new rating and target reflect its positive outlook on Trimble's growth potential.
Bottom Line
Investors should keep an eye on Trimble's upcoming earnings report on November 4, 2026, as well as any further analyst ratings and institutional moves. Loop Capital's initiation of coverage with a Buy rating and a target of $76 reflects confidence in Trimble's future performance.
Related Filing Alerts
Source: Loop Capital's rating change on $TRMB (Oct 27, 2026). Written by software, not financial advice. How we make alerts