Trimble Inc. (NASDAQ:TRMB) Receives $96.78 Consensus Price Target from Brokerages

Shares of Trimble Inc. (NASDAQ:TRMB) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $96.7778.

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, January 21st. Zacks Research lowered Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wells Fargo & Company initiated coverage on Trimble in a report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price target on the stock. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a report on Monday, December 15th. Finally, Barclays boosted their target price on Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th.

Insider Activity at Trimble

In related news, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares of the company’s stock, valued at $2,066,277.80. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the sale, the chief executive officer owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,084 shares of company stock worth $2,183,951. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Trimble

A number of large investors have recently made changes to their positions in TRMB. Vanguard Group Inc. lifted its stake in shares of Trimble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 30,265,817 shares of the scientific and technical instruments company’s stock worth $2,471,204,000 after purchasing an additional 192,288 shares during the period. State Street Corp raised its position in Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock worth $894,183,000 after acquiring an additional 43,285 shares during the period. Generation Investment Management LLP boosted its stake in shares of Trimble by 19.1% during the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock worth $685,314,000 after acquiring an additional 1,449,315 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after acquiring an additional 675,134 shares during the period. Finally, Boston Partners increased its stake in shares of Trimble by 14.4% in the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after purchasing an additional 525,214 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

TRMB opened at $70.07 on Monday. The firm has a market cap of $16.67 billion, a PE ratio of 47.99, a P/E/G ratio of 2.44 and a beta of 1.59. The stock has a 50-day moving average price of $78.72 and a 200-day moving average price of $80.07. Trimble has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.86.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $901.20 million during the quarter, compared to analyst estimates of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. Trimble’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Sell-side analysts predict that Trimble will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its board has authorized a stock repurchase plan on Friday, December 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.