Brokerages Set Trimble Inc (TRMB) PT at $29.57
Shares of Trimble Inc (NASDAQ:TRMB) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $29.57.
Several analysts recently commented on TRMB shares. Zacks Investment Research cut Trimble from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Dougherty & Co cut Trimble from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Monday, January 30th. Northcoast Research started coverage on Trimble in a report on Friday, January 13th. They issued a “neutral” rating on the stock. Needham & Company LLC upped their target price on Trimble from $27.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Finally, Craig Hallum upped their target price on Trimble from $22.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, February 9th.
WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at http://www.watchlistnews.com/brokerages-set-trimble-inc-trmb-pt-at-29-57/1206167.html.
Trimble (NASDAQ:TRMB) traded up 0.61% during mid-day trading on Monday, reaching $31.10. 962,809 shares of the company’s stock traded hands. The stock has a market cap of $7.85 billion, a P/E ratio of 59.81 and a beta of 2.23. Trimble has a 1-year low of $22.68 and a 1-year high of $32.34. The firm has a 50-day moving average price of $31.41 and a 200-day moving average price of $29.90.
Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Trimble had a return on equity of 11.55% and a net margin of 5.60%. The business had revenue of $585.60 million for the quarter, compared to analysts’ expectations of $579.04 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Trimble will post $1.35 EPS for the current fiscal year.
In other Trimble news, Director Ulf J. Johansson sold 50,000 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $31.54, for a total transaction of $1,577,000.00. Following the transaction, the director now directly owns 30,953 shares in the company, valued at approximately $976,257.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP James A. Kirkland sold 15,000 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $31.71, for a total value of $475,650.00. Following the transaction, the vice president now owns 36,060 shares in the company, valued at $1,143,462.60. The disclosure for this sale can be found here. Insiders have sold a total of 681,881 shares of company stock worth $21,364,043 over the last 90 days. Company insiders own 1.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of TRMB. Huntington National Bank boosted its position in Trimble by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares during the last quarter. FTB Advisors Inc. boosted its position in Trimble by 0.5% in the third quarter. FTB Advisors Inc. now owns 8,267 shares of the scientific and technical instruments company’s stock worth $236,000 after buying an additional 42 shares during the last quarter. EP Wealth Advisors Inc. acquired a new position in Trimble during the third quarter worth about $254,000. Farr Miller & Washington LLC DC boosted its position in Trimble by 0.3% in the fourth quarter. Farr Miller & Washington LLC DC now owns 8,743 shares of the scientific and technical instruments company’s stock worth $264,000 after buying an additional 25 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Trimble during the fourth quarter worth about $271,000. Hedge funds and other institutional investors own 91.35% of the company’s stock.
Trimble Company Profile
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
Receive News & Ratings for Trimble Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.