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.
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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.
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