Trimble Inc. (NASDAQ:TRMB) Given Average Recommendation of “Buy” by Analysts

Trimble Inc. (NASDAQ:TRMB) has been given a consensus recommendation of “Buy” by the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $94.1818.

Several brokerages recently commented on TRMB. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Piper Sandler reiterated an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a research note on Friday, November 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Oppenheimer reiterated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research note on Thursday, November 6th.

Trimble Price Performance

Shares of TRMB opened at $75.42 on Wednesday. The business’s 50-day moving average is $79.72 and its 200-day moving average is $77.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 65.02, a P/E/G ratio of 3.26 and a beta of 1.66. Trimble has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million for the quarter. Equities research analysts expect that Trimble will post 2.37 EPS for the current fiscal year.

Insider Transactions at Trimble

In other news, Director James Calvin Dalton sold 609 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director owned 13,809 shares of the company’s stock, valued at $1,137,999.69. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the sale, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. This represents a 94.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,692 shares of company stock valued at $1,954,986 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Trimble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRMB. Salomon & Ludwin LLC bought a new stake in shares of Trimble in the 3rd quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in Trimble in the third quarter valued at approximately $30,000. Hantz Financial Services Inc. raised its holdings in Trimble by 90.8% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 177 shares during the period. Quarry LP boosted its position in shares of Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 232 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Trimble in the 2nd quarter valued at $34,000. Institutional investors own 93.21% of the company’s stock.

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's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.