Piper Jaffray Companies set a $43.00 price target on Trimble Inc (NASDAQ:TRMB) in a research report report published on Friday. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

TRMB has been the subject of several other reports. Zacks Investment Research downgraded shares of Trimble from a buy rating to a hold rating in a research note on Monday, May 29th. Morgan Stanley raised their target price on shares of Trimble from $24.00 to $38.00 and gave the company an equal weight rating in a research note on Thursday, August 17th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $39.00 target price (up from $38.00) on shares of Trimble in a research note on Tuesday, June 13th. BidaskClub downgraded shares of Trimble from a buy rating to a hold rating in a research note on Tuesday, August 1st. Finally, Dougherty & Co upgraded shares of Trimble from a neutral rating to a buy rating in a research note on Friday, April 28th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Trimble presently has a consensus rating of Buy and a consensus target price of $40.75.

Shares of Trimble (NASDAQ TRMB) opened at 38.13 on Friday. Trimble has a 12 month low of $25.30 and a 12 month high of $39.45. The stock has a market capitalization of $9.65 billion, a P/E ratio of 55.26 and a beta of 2.31. The stock has a 50 day moving average price of $37.46 and a 200 day moving average price of $34.55.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Trimble had a net margin of 7.54% and a return on equity of 8.11%. The firm had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Trimble will post $1.43 EPS for the current fiscal year.

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In other Trimble news, VP James A. Kirkland sold 7,183 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $37.41, for a total value of $268,716.03. Following the transaction, the vice president now directly owns 14,598 shares of the company’s stock, valued at approximately $546,111.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Merit E. Janow sold 33,334 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the transaction, the director now directly owns 26,004 shares in the company, valued at $981,911.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,618 shares of company stock worth $2,343,149. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRMB. BlackRock Inc. boosted its position in Trimble by 0.8% in the second quarter. BlackRock Inc. now owns 22,763,354 shares of the scientific and technical instruments company’s stock valued at $811,967,000 after buying an additional 185,717 shares in the last quarter. Vanguard Group Inc. boosted its position in Trimble by 4.2% in the second quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock valued at $760,302,000 after buying an additional 849,914 shares in the last quarter. Wellington Management Group LLP boosted its position in Trimble by 2.0% in the first quarter. Wellington Management Group LLP now owns 11,273,004 shares of the scientific and technical instruments company’s stock valued at $360,849,000 after buying an additional 217,701 shares in the last quarter. State Street Corp boosted its position in Trimble by 0.4% in the second quarter. State Street Corp now owns 8,192,632 shares of the scientific and technical instruments company’s stock valued at $292,228,000 after buying an additional 35,154 shares in the last quarter. Finally, Capital International Investors boosted its position in Trimble by 8.6% in the second quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock valued at $286,417,000 after buying an additional 639,190 shares in the last quarter. 89.72% of the stock is currently owned by hedge funds and other institutional investors.

About Trimble

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

Analyst Recommendations for Trimble (NASDAQ:TRMB)

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