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

Trimble Inc. (NASDAQ:TRMB) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $66.67.

A number of analysts have commented on TRMB shares. JPMorgan Chase & Co. upped their price objective 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. Piper Sandler restated an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research report on Monday, May 6th. Oppenheimer reissued an “outperform” rating and set a $72.00 target price on shares of Trimble in a research note on Monday, May 6th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Trimble in a research report on Wednesday, May 15th.

Trimble Stock Up 0.9 %

NASDAQ TRMB opened at $55.92 on Friday. Trimble has a 12 month low of $39.57 and a 12 month high of $65.55. The company has a market capitalization of $13.66 billion, a P/E ratio of 58.25, a PEG ratio of 2.51 and a beta of 1.51. The company’s 50 day simple moving average is $56.71 and its 200 day simple moving average is $56.87. 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 (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $953.30 million for 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 expect that Trimble will post 2.21 earnings per share for the current fiscal 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 stock was sold at an average price of $59.10, for a total transaction 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 $485,802. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Robert G. Painter sold 3,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly 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. Also, 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 transaction of $85,517.70. Following the sale, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,182 shares of company stock valued at $318,636. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRMB. EverSource Wealth Advisors LLC increased its position in shares of Trimble by 106.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,281 shares of the scientific and technical instruments company’s stock valued at $197,000 after purchasing an additional 1,691 shares during the period. Cetera Advisors LLC increased its holdings in Trimble by 27.0% in the 1st quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company’s stock valued at $319,000 after buying an additional 1,052 shares during the period. Wellington Shields & Co. LLC acquired a new position in shares of Trimble in the 1st quarter valued at $418,000. Swedbank AB bought a new position in shares of Trimble during the 1st quarter worth about $17,937,000. Finally, Wahed Invest LLC boosted 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 acquiring an additional 624 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

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.