Is Trimble Stock Underperforming the Nasdaq?

Core Insights - Trimble Inc. is a significant player in the positioning, surveying, and machine control products sector, with a market capitalization of $19.1 billion, integrating physical and digital solutions across various industries [1][2] Financial Performance - Trimble's stock price reached a three-year high of $87.50 on August 6, currently trading 8.3% below that peak, and has seen a decline of 77 basis points over the past three months, underperforming the Nasdaq Composite's 4.8% gains during the same period [3] - Year-to-date, Trimble's stock has gained 13.6% and 7.2% over the past 52 weeks, while the Nasdaq has surged 20.1% in 2025 and 16.5% over the past year [4] - Following the release of Q3 results on November 5, Trimble's stock gained 2.5%, with organic revenues increasing and overall topline growth of 2.9% year-over-year to $901.2 million, alongside a 15.7% rise in adjusted EPS to $0.81, surpassing consensus estimates by 12.5% [5] Market Position - Trimble has outperformed its peer, Fortive Corporation, which has seen a 26.8% decline year-to-date and a 28.5% drop over the past 52 weeks [6] - Among analysts covering Trimble, the consensus rating is a "Strong Buy," with a mean price target of $97.70, indicating a potential upside of 21.7% from current levels [6]