Trimble Inc. (NASDAQ:TRMB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $66.67.

TRMB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. 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. Oppenheimer restated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a report on Monday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $73.00 price target on shares of Trimble in a research note on Monday, May 6th.

Insider Activity

In other Trimble news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction that occurred on 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 owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the transaction, the chief executive officer now owns 183,555 shares in the company, valued at approximately $11,472,187.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction 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 owns 8,220 shares in the company, valued at $485,802. The disclosure for this sale can be found here. Insiders sold a total of 5,182 shares of company stock worth $318,636 over the last quarter. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TRMB. EverSource Wealth Advisors LLC raised its holdings in shares of Trimble by 106.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,281 shares of the scientific and technical instruments company’s stock worth $197,000 after purchasing an additional 1,691 shares during the period. Cetera Advisors LLC grew its holdings in Trimble by 27.0% during the first quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company’s stock valued at $319,000 after purchasing an additional 1,052 shares during the period. Wellington Shields & Co. LLC purchased a new stake in Trimble in the first quarter worth $418,000. Swedbank AB bought a new stake in shares of Trimble in the first quarter valued at $17,937,000. Finally, Wahed Invest LLC lifted its position in shares of Trimble by 14.9% during the 1st quarter. Wahed Invest LLC now owns 4,825 shares of the scientific and technical instruments company’s stock valued at $311,000 after buying an additional 624 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $55.92 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $56.71 and its 200-day moving average price is $56.87. The firm has a market capitalization of $13.66 billion, a P/E ratio of 58.25, a P/E/G ratio of 2.51 and a beta of 1.51. Trimble has a 1-year low of $39.57 and a 1-year high of $65.55.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $921.15 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. Equities research analysts anticipate that Trimble will post 2.21 earnings per share 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'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.