Trimble (TRMB) Getting Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Trimble (NASDAQ:TRMB) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trimble earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.549179249233 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Trimble Inc (TRMB) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Trimble (TRMB) Shares Cross Above 200 DMA – Nasdaq (nasdaq.com)
- Trimble Navigation (TRMB) Presents At Raymond James 39th Annual Institutional Investors Conference – Slideshow (seekingalpha.com)
- Trimble Inc. (TRMB) stock shows -15.84% move from 52-week high – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Trimble Launches Trimble Foundation – PR Newswire (press release) (prnewswire.com)
Trimble (NASDAQ:TRMB) traded up $1.15 during mid-day trading on Friday, reaching $39.45. The company’s stock had a trading volume of 1,220,000 shares, compared to its average volume of 1,260,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63. Trimble has a twelve month low of $30.45 and a twelve month high of $45.70. The stock has a market capitalization of $9,790.00, a PE ratio of 48.70, a P/E/G ratio of 2.34 and a beta of 2.41.
Trimble declared that its board has authorized a stock buyback plan on Wednesday, November 15th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
TRMB has been the topic of a number of recent research reports. BidaskClub downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Oppenheimer reiterated a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Trimble in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Trimble from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, December 26th. Finally, TheStreet cut shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.10.
In related news, CEO Steven W. Berglund sold 200,000 shares of Trimble stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $39.25, for a total value of $7,850,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert G. Painter sold 6,946 shares of Trimble stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.00, for a total transaction of $277,840.00. Following the completion of the sale, the chief financial officer now owns 15,451 shares of the company’s stock, valued at approximately $618,040. The disclosure for this sale can be found here. Insiders have sold 471,946 shares of company stock worth $18,558,140 over the last quarter. 1.40% of the stock is owned by company insiders.
Trimble Company Profile
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.
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.