Shares of Trimble Inc (NASDAQ:TRMB) have been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $43.00.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, July 12th. Edward Jones upgraded Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, May 23rd. They noted that the move was a valuation call. Dougherty & Co downgraded Trimble from a “buy” rating to a “neutral” rating in a report on Wednesday, May 9th. ValuEngine upgraded Trimble from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, BidaskClub upgraded Trimble from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 29th.
In other Trimble news, VP Bryn Fosburgh sold 38,195 shares of Trimble stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $40.21, for a total value of $1,535,820.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert G. Painter sold 750 shares of Trimble stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $39.11, for a total value of $29,332.50. Following the completion of the transaction, the chief financial officer now owns 13,138 shares in the company, valued at approximately $513,827.18. The disclosure for this sale can be found here. Insiders sold 106,267 shares of company stock valued at $4,290,978 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TRMB. Whittier Trust Co. purchased a new position in Trimble in the second quarter valued at about $102,000. Psagot Investment House Ltd. purchased a new position in Trimble in the second quarter valued at about $118,000. Korea Investment CORP purchased a new stake in shares of Trimble during the second quarter worth about $131,000. Summit Trail Advisors LLC grew its stake in shares of Trimble by 2,852.1% during the first quarter. Summit Trail Advisors LLC now owns 152,387 shares of the scientific and technical instruments company’s stock worth $152,000 after acquiring an additional 147,225 shares during the last quarter. Finally, TLP Group LLC grew its stake in shares of Trimble by 22,096.2% during the first quarter. TLP Group LLC now owns 5,771 shares of the scientific and technical instruments company’s stock worth $207,000 after acquiring an additional 5,745 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.
Shares of NASDAQ:TRMB traded down $0.09 on Friday, hitting $42.10. 69,698 shares of the company’s stock were exchanged, compared to its average volume of 1,214,870. Trimble has a 12 month low of $32.01 and a 12 month high of $45.70. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.51 and a beta of 2.47. The company has a current ratio of 1.93, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.
Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The business had revenue of $785.50 million during the quarter, compared to the consensus estimate of $776.31 million. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. equities research analysts predict that Trimble will post 1.62 EPS for the current fiscal year.
Trimble Company Profile
Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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