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

Trimble Inc. (NASDAQ:TRMB) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $75.40.

A number of analysts have recently issued reports on TRMB shares. Oppenheimer reissued an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Robert W. Baird upped their price objective on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Monday.

Trimble Trading Down 0.8 %

Shares of NASDAQ:TRMB opened at $72.37 on Wednesday. The stock has a 50 day moving average of $63.95 and a 200 day moving average of $58.49. The company has a market cap of $17.67 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. Trimble has a 12-month low of $43.70 and a 12-month high of $74.22. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Trimble

Hedge funds have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC increased its holdings in shares of Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 479 shares during the last quarter. Blue Trust Inc. grew its position in Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 313 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Trimble during the second quarter valued at approximately $48,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

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.