Trimble’s (TRMB) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Trimble (NASDAQ:TRMB) in a research report released on Friday,Benzinga reports. They currently have a $97.00 target price on the scientific and technical instruments company’s stock.

Several other research firms have also commented on TRMB. Oppenheimer reissued an “outperform” rating and issued a $102.00 price target on shares of Trimble in a research report on Thursday. Raymond James Financial restated an “outperform” rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the company a “buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $94.20.

Trimble Trading Up 0.1%

NASDAQ:TRMB opened at $78.90 on Friday. The firm has a 50-day simple moving average of $79.98 and a 200-day simple moving average of $77.19. Trimble has a one year low of $52.91 and a one year high of $87.50. The firm has a market cap of $18.77 billion, a P/E ratio of 68.02, a P/E/G ratio of 3.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Equities analysts anticipate that Trimble will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president directly owned 406 shares of the company’s stock, valued at approximately $33,186.44. This represents a 94.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 609 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the sale, the director owned 13,809 shares in the company, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 15,474 shares of company stock worth $1,219,578. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Trimble

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kovack Advisors Inc. acquired a new stake in shares of Trimble during the 3rd quarter worth approximately $937,000. Wealth Alliance LLC purchased a new position in Trimble in the third quarter valued at $324,000. Syon Capital LLC raised its position in shares of Trimble by 5.9% in the third quarter. Syon Capital LLC now owns 5,498 shares of the scientific and technical instruments company’s stock worth $449,000 after acquiring an additional 307 shares during the period. Advisors Capital Management LLC purchased a new stake in shares of Trimble during the 3rd quarter worth about $249,000. Finally, Axxcess Wealth Management LLC grew its position in shares of Trimble by 87.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,614 shares of the scientific and technical instruments company’s stock valued at $458,000 after acquiring an additional 2,614 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

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.