Trimble Inc. (NASDAQ:TRMB) Receives $66.67 Average Target Price from Brokerages

Shares of Trimble Inc. (NASDAQ:TRMBGet Free Report) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $66.67.

A number of analysts have commented on TRMB shares. Robert W. Baird upped their price target on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their target price on Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research report on Monday, May 6th. Finally, Oppenheimer reiterated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Monday, May 6th.

View Our Latest Research Report on TRMB

Trimble Price Performance

Trimble stock opened at $57.06 on Friday. The firm has a market cap of $13.93 billion, a P/E ratio of 59.44, a P/E/G ratio of 2.58 and a beta of 1.51. The stock’s 50 day moving average is $60.95 and its 200 day moving average is $54.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. Trimble has a one year low of $39.57 and a one year high of $65.55.

Trimble (NASDAQ:TRMBGet Free Report) last issued its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. During the same quarter in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts expect that Trimble will post 2.2 EPS for the current year.

Insider Transactions at Trimble

In related news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of 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 is accessible through the SEC website. In related news, SVP Peter Large sold 1,447 shares of the firm’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 transaction, the senior vice president now owns 8,220 shares of the company’s stock, valued at approximately $485,802. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the sale, the vice president now directly owns 2,315 shares of the company’s stock, valued at $137,927.70. The disclosure for this sale can be found here. Insiders have sold 14,328 shares of company stock valued at $876,644 over the last ninety days. 0.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trimble

Several large investors have recently bought and sold shares of TRMB. Vanguard Group Inc. grew its holdings in shares of Trimble by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 29,213,613 shares of the scientific and technical instruments company’s stock valued at $1,554,164,000 after acquiring an additional 273,863 shares in the last quarter. Generation Investment Management LLP grew its stake in Trimble by 89.5% in the 4th quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock valued at $652,787,000 after purchasing an additional 5,796,030 shares during the period. Morgan Stanley increased its position in shares of Trimble by 10.0% during the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock valued at $412,285,000 after purchasing an additional 694,842 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Trimble by 2.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,315,941 shares of the scientific and technical instruments company’s stock worth $342,134,000 after purchasing an additional 126,472 shares during the period. Finally, Primecap Management Co. CA boosted its holdings in shares of Trimble by 3.9% in the 4th quarter. Primecap Management Co. CA now owns 5,025,141 shares of the scientific and technical instruments company’s stock worth $267,338,000 after buying an additional 188,790 shares during the last quarter. 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.

Read More

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.