BidaskClub upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a report released on Wednesday morning, BidAskClub reports.

TRMB has been the topic of several other reports. ValuEngine lowered Trimble from a buy rating to a hold rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered Trimble from an overweight rating to a neutral rating and set a $46.00 target price on the stock. in a report on Wednesday, July 10th. Finally, Craig Hallum reaffirmed a hold rating and set a $35.00 target price (down from $36.00) on shares of Trimble in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $42.33.

Trimble stock opened at $40.79 on Wednesday. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 3.26 and a beta of 2.03. Trimble has a 52 week low of $29.75 and a 52 week high of $46.25. The business’s 50-day moving average price is $38.93 and its 200 day moving average price is $40.57. The company has a quick ratio of 0.73, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $874.30 million for the quarter, compared to analyst estimates of $807.49 million. Trimble had a return on equity of 15.63% and a net margin of 9.97%. Trimble’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Equities analysts expect that Trimble will post 1.68 EPS for the current year.

In other Trimble news, SVP James A. Kirkland sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $38.01, for a total value of $102,627.00. Following the sale, the senior vice president now directly owns 54,036 shares of the company’s stock, valued at $2,053,908.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven W. Berglund sold 308,575 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $40.18, for a total value of $12,398,543.50. Following the completion of the sale, the chief executive officer now directly owns 640,605 shares in the company, valued at $25,739,508.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 336,040 shares of company stock worth $13,498,633. 0.39% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Trillium Asset Management LLC grew its holdings in Trimble by 0.5% in the third quarter. Trillium Asset Management LLC now owns 274,454 shares of the scientific and technical instruments company’s stock valued at $10,652,000 after purchasing an additional 1,319 shares during the period. Signition LP acquired a new stake in Trimble in the third quarter valued at approximately $217,000. First Trust Advisors LP grew its holdings in Trimble by 138.9% in the third quarter. First Trust Advisors LP now owns 556,150 shares of the scientific and technical instruments company’s stock valued at $21,584,000 after purchasing an additional 323,370 shares during the period. Daiwa Securities Group Inc. grew its holdings in Trimble by 4.3% in the third quarter. Daiwa Securities Group Inc. now owns 9,650 shares of the scientific and technical instruments company’s stock valued at $375,000 after purchasing an additional 400 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its holdings in Trimble by 3.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 303,727 shares of the scientific and technical instruments company’s stock valued at $11,788,000 after purchasing an additional 8,945 shares during the period. 90.18% of the stock is currently 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 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; and integrated workplace management services software.

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