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

Trimble Inc. (NASDAQ:TRMBGet Free Report) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $66.67.

Several brokerages recently weighed in on TRMB. JPMorgan Chase & Co. increased their target price on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Oppenheimer restated an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research note on Monday, May 6th. Piper Sandler reiterated an “overweight” rating and set a $73.00 target price on shares of Trimble in a research note on Monday, May 6th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Raymond James reissued an “outperform” rating and set a $65.00 target price on shares of Trimble in a research report on Wednesday, May 15th.

Check Out Our Latest Stock Analysis on TRMB

Trimble Stock Down 0.9 %

Shares of TRMB stock opened at $54.00 on Wednesday. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 2.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00. The stock’s 50 day simple moving average is $58.83 and its 200 day simple moving average is $55.70. Trimble has a twelve month low of $39.57 and a twelve month high of $65.55.

Trimble (NASDAQ:TRMBGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $921.15 million. Trimble had a net margin of 6.25% and a return on equity of 12.04%. As a group, research analysts predict that Trimble will post 2.21 EPS for the current year.

Insider Transactions at Trimble

In other news, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the sale, the senior vice president now directly owns 8,220 shares in the company, valued at approximately $485,802. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the sale, the senior vice president now owns 8,220 shares of the company’s stock, valued at approximately $485,802. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total transaction of $218,750.00. Following the transaction, the chief executive officer now directly owns 183,555 shares of the company’s stock, valued at $11,472,187.50. The disclosure for this sale can be found here. In the last three months, insiders sold 9,093 shares of company stock valued at $564,872. Company insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Trimble

Large investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new position in shares of Trimble during the fourth quarter worth approximately $26,000. Tobam bought a new position in Trimble in the 1st quarter worth approximately $35,000. Operose Advisors LLC acquired a new position in Trimble during the 3rd quarter worth $43,000. Principal Securities Inc. bought a new position in Trimble in the 4th quarter valued at $52,000. Finally, Sound Income Strategies LLC increased its stake in shares of Trimble by 171.9% in the 1st quarter. Sound Income Strategies LLC now owns 998 shares of the scientific and technical instruments company’s stock valued at $64,000 after buying an additional 631 shares during the period. 93.21% of the stock is currently owned by institutional investors.

About Trimble

(Get Free Report

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.

Further Reading

Analyst Recommendations for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.