Shares of Trimble Inc (NASDAQ:TRMB) have earned an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $41.78.
TRMB has been the subject of several recent research reports. BidaskClub downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, December 26th. Oppenheimer restated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. Finally, TheStreet downgraded Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th.
In other news, Director Mark S. Peek sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $39.36, for a total transaction of $196,800.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,377,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ulf J. Johansson sold 50,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $38.07, for a total value of $1,903,500.00. Following the transaction, the director now directly owns 42,670 shares of the company’s stock, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. Insiders have sold a total of 471,946 shares of company stock valued at $18,558,140 in the last three months. 1.40% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC raised its holdings in shares of Trimble by 60.3% during the 3rd quarter. Vident Investment Advisory LLC now owns 337,784 shares of the scientific and technical instruments company’s stock worth $13,258,000 after buying an additional 127,066 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Trimble in the 3rd quarter worth about $952,000. Armor Investment Advisors LLC acquired a new position in Trimble in the 4th quarter worth about $203,000. JPMorgan Chase & Co. increased its holdings in Trimble by 22.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 370,304 shares of the scientific and technical instruments company’s stock worth $14,598,000 after purchasing an additional 68,984 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Trimble by 13.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 84,290 shares of the scientific and technical instruments company’s stock worth $3,426,000 after purchasing an additional 10,250 shares in the last quarter. 90.00% of the stock is owned by institutional investors.
Trimble (NASDAQ:TRMB) traded down $0.38 on Friday, reaching $38.23. The company had a trading volume of 878,119 shares, compared to its average volume of 1,094,557. The company has a market cap of $9,662.53, a P/E ratio of 81.34, a PEG ratio of 2.31 and a beta of 2.41. Trimble has a twelve month low of $30.45 and a twelve month high of $45.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.29.
Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $708.40 million during the quarter, compared to the consensus estimate of $674.84 million. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. sell-side analysts predict that Trimble will post 1.5 EPS for the current year.
Trimble declared that its board has approved a share repurchase program on Wednesday, November 15th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the scientific and technical instruments company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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Trimble Company Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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