Trimble Inc. (NASDAQ:TRMB) has been given an average rating of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $59.00.

TRMB has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of Trimble from $70.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday, February 11th. Zacks Investment Research cut shares of Trimble from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a report on Tuesday, January 12th. Finally, Craig Hallum increased their price target on shares of Trimble from $44.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, February 11th.

In related news, SVP James A. Kirkland sold 16,197 shares of Trimble stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $76.36, for a total value of $1,236,802.92. Following the transaction, the senior vice president now directly owns 69,605 shares of the company’s stock, valued at $5,315,037.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kaigham Gabriel sold 4,356 shares of Trimble stock in a transaction that occurred on Thursday, March 4th. The shares were sold at an average price of $71.62, for a total transaction of $311,976.72. Following the completion of the transaction, the director now directly owns 8,500 shares in the company, valued at $608,770. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in TRMB. Norges Bank bought a new position in Trimble in the fourth quarter valued at approximately $184,236,000. Lord Abbett & CO. LLC increased its stake in Trimble by 1,638.1% in the fourth quarter. Lord Abbett & CO. LLC now owns 2,335,721 shares of the scientific and technical instruments company’s stock valued at $155,956,000 after acquiring an additional 2,201,337 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Trimble by 957.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,269,556 shares of the scientific and technical instruments company’s stock valued at $84,768,000 after acquiring an additional 1,149,475 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Trimble by 687.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 975,237 shares of the scientific and technical instruments company’s stock valued at $65,118,000 after acquiring an additional 851,363 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Trimble by 30.6% in the fourth quarter. Nordea Investment Management AB now owns 2,994,563 shares of the scientific and technical instruments company’s stock valued at $199,947,000 after acquiring an additional 702,289 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:TRMB traded up $0.59 during mid-day trading on Friday, hitting $80.33. The stock had a trading volume of 86,652 shares, compared to its average volume of 2,415,165. Trimble has a twelve month low of $30.87 and a twelve month high of $84.86. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 3.46 and a beta of 1.50. The company’s 50 day simple moving average is $74.65 and its 200 day simple moving average is $64.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 0.92.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, February 10th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. Trimble had a net margin of 15.56% and a return on equity of 14.84%. The business had revenue of $830.00 million during the quarter, compared to the consensus estimate of $783.79 million. During the same period last year, the business posted $0.53 EPS. Trimble’s revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast that Trimble will post 1.86 earnings per share for the current year.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through 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; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software.

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Analyst Recommendations for Trimble (NASDAQ:TRMB)

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