Trimble’s (TRMB) “Overweight” Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Trimble (NASDAQ:TRMBFree Report) in a report released on Tuesday morning, Benzinga reports. Piper Sandler currently has a $73.00 target price on the scientific and technical instruments company’s stock.

Other research analysts have also issued reports about the stock. Oppenheimer raised their price target on shares of Trimble from $65.00 to $72.00 and gave the company an outperform rating in a research report on Thursday, March 14th. StockNews.com downgraded Trimble from a buy rating to a hold rating in a research note on Saturday, February 10th. JPMorgan Chase & Co. upped their target price on Trimble from $48.00 to $56.00 and gave the company a neutral rating in a report on Friday, February 9th. Finally, Robert W. Baird lifted their price target on Trimble from $59.00 to $65.00 and gave the stock an outperform rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $64.83.

View Our Latest Analysis on TRMB

Trimble Trading Down 0.5 %

TRMB opened at $62.83 on Tuesday. Trimble has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The firm has a market capitalization of $15.44 billion, a PE ratio of 50.26, a P/E/G ratio of 2.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The company’s 50-day moving average is $59.28 and its 200 day moving average is $52.42.

Trimble (NASDAQ:TRMBGet Free Report) last issued its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, research analysts predict that Trimble will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the completion of the transaction, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.93, for a total value of $220,255.00. Following the transaction, the chief executive officer now owns 187,055 shares of the company’s stock, valued at approximately $11,771,371.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,146 shares of company stock valued at $822,509. 0.61% of the stock is owned by company insiders.

Institutional Trading of Trimble

Several hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its holdings in Trimble by 12.9% during the 1st quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock valued at $481,000 after acquiring an additional 760 shares during the period. Private Advisor Group LLC purchased a new position in shares of Trimble in the first quarter valued at $271,000. Dimensional Fund Advisors LP raised its stake in shares of Trimble by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,140,027 shares of the scientific and technical instruments company’s stock valued at $82,251,000 after purchasing an additional 6,402 shares during the period. Prudential PLC purchased a new stake in Trimble during the 1st quarter worth about $371,000. Finally, National Pension Service boosted its stake in Trimble by 5.1% in the 1st quarter. National Pension Service now owns 440,758 shares of the scientific and technical instruments company’s stock worth $31,796,000 after purchasing an additional 21,426 shares during the period. Institutional investors own 93.21% of the company’s stock.

About Trimble

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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.

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Analyst Recommendations for Trimble (NASDAQ:TRMB)

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