Trimble Inc. (NASDAQ:TRMB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Trimble Inc. (NASDAQ:TRMBGet Free Report) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $66.67.

TRMB has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a research report on Monday, May 6th. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Robert W. Baird upped their target price on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $72.00 price target on shares of Trimble in a report on Monday, May 6th.

Get Our Latest Stock Analysis on TRMB

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the transaction, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert G. Painter sold 3,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $62.93, for a total value of $220,255.00. Following the completion of the sale, the chief executive officer now directly owns 187,055 shares of the company’s stock, valued at approximately $11,771,371.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the transaction, the vice president now directly owns 2,315 shares in the company, valued at approximately $137,927.70. The disclosure for this sale can be found here. Insiders sold a total of 14,093 shares of company stock worth $862,772 in the last quarter. 0.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trimble

Several hedge funds have recently bought and sold shares of TRMB. Schonfeld Strategic Advisors LLC lifted its holdings in Trimble by 383.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 220,587 shares of the scientific and technical instruments company’s stock worth $11,881,000 after acquiring an additional 174,917 shares in the last quarter. Barclays PLC increased its stake in Trimble by 43.6% during the 3rd quarter. Barclays PLC now owns 580,280 shares of the scientific and technical instruments company’s stock worth $31,254,000 after purchasing an additional 176,139 shares in the last quarter. Truist Financial Corp raised its holdings in Trimble by 56.7% during the 4th quarter. Truist Financial Corp now owns 38,884 shares of the scientific and technical instruments company’s stock worth $2,069,000 after buying an additional 14,074 shares during the period. Hunter Associates Investment Management LLC lifted its stake in Trimble by 51.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 40,988 shares of the scientific and technical instruments company’s stock valued at $2,185,000 after buying an additional 13,899 shares in the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of Trimble by 80.9% in the fourth quarter. Jump Financial LLC now owns 40,203 shares of the scientific and technical instruments company’s stock valued at $2,139,000 after buying an additional 17,979 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ TRMB opened at $57.09 on Friday. Trimble has a 1-year low of $39.57 and a 1-year high of $65.55. The company has a 50 day moving average of $60.53 and a 200-day moving average of $54.37. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 59.47, a PEG ratio of 2.60 and a beta of 1.51.

About Trimble

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Trimble (NASDAQ:TRMB)

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.