Trimble stock hits 52-week high at 79.83 USD

Trimble Inc. (TRMB) stock reached a 52-week high of 79.83 USD, marking a significant milestone for the $18.95 billion technology company. According to InvestingPro data, the stock is currently trading at a P/E ratio of 12.88, while analysts maintain a bullish consensus with price targets ranging from $77 to $88.60. This achievement reflects a strong upward trajectory, with the stock experiencing a remarkable 41.62% increase over the past year. The surge in Trimble’s stock price underscores investor confidence and the company’s robust performance in its sector, supported by management’s aggressive share buyback program. As Trimble continues to innovate and expand its offerings, the stock’s ascent to this 52-week high highlights its potential for sustained growth and market strength. Discover 15 additional key insights about TRMB with an InvestingPro subscription, including detailed Fair Value analysis and comprehensive financial health metrics.

In other recent news, Trimble Inc. reported first-quarter results that exceeded expectations, with adjusted earnings per share reaching $0.61, surpassing the analyst estimate of $0.58. Revenue for the quarter was $840.6 million, higher than the projected $811.4 million. The company’s annualized recurring revenue (ARR) hit a record high of $2.18 billion, marking a 7% year-over-year increase and a 15% rise on an organic basis. This growth is part of Trimble’s Connect & Scale strategy, highlighting the company’s resilience amid market uncertainties.

In addition to its earnings report, Trimble shareholders recently elected all ten director nominees and approved executive compensation at the annual meeting. They also ratified KPMG as the independent registered public accounting firm for the fiscal year ending January 2, 2026. Analyst firms have shown confidence in Trimble’s prospects, with JPMorgan raising its stock price target to $88 and maintaining an Overweight rating, while Bernstein reiterated an Outperform rating with an $80 target. These developments underscore Trimble’s strategic initiatives and growth potential, as highlighted by company leadership during recent investor engagements.

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