Trimble Inc. (TRMB) Receives Average Rating of “Hold” from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $42.38.

TRMB has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Dougherty & Co downgraded shares of Trimble from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of Trimble from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet downgraded shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Berenberg Bank raised shares of Trimble from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, April 17th.

In other Trimble news, Director Ulf J. Johansson sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the completion of the transaction, the director now owns 42,670 shares in the company, valued at approximately $1,624,446.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert G. Painter sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the transaction, the chief financial officer now owns 15,388 shares of the company’s stock, valued at approximately $533,501.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,795 shares of company stock worth $2,520,554. 1.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRMB. Global X Management Co. LLC grew its holdings in Trimble by 61.4% during the 1st quarter. Global X Management Co. LLC now owns 2,732,209 shares of the scientific and technical instruments company’s stock worth $98,032,000 after acquiring an additional 1,038,974 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Trimble by 107.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,973,352 shares of the scientific and technical instruments company’s stock valued at $80,197,000 after buying an additional 1,023,051 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Trimble by 117.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,545,899 shares of the scientific and technical instruments company’s stock valued at $55,467,000 after buying an additional 836,079 shares in the last quarter. FIL Ltd boosted its holdings in shares of Trimble by 169.7% in the 1st quarter. FIL Ltd now owns 1,180,123 shares of the scientific and technical instruments company’s stock valued at $42,343,000 after buying an additional 742,522 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Trimble in the 1st quarter valued at $25,966,000. Institutional investors own 88.63% of the company’s stock.

Trimble opened at $34.71 on Thursday, MarketBeat Ratings reports. The company has a market capitalization of $8.62 billion, a PE ratio of 27.12, a P/E/G ratio of 2.38 and a beta of 2.44. Trimble has a 1 year low of $32.01 and a 1 year high of $45.70. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Monday, May 7th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $742.20 million for the quarter, compared to the consensus estimate of $730.66 million. Trimble had a net margin of 4.64% and a return on equity of 14.28%. The business’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. research analysts forecast that Trimble will post 1.53 EPS for the current 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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

Analyst Recommendations for Trimble (NASDAQ:TRMB)

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