Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Trimble from a hold rating to a buy rating in a research note on Thursday, May 30th. Zacks Investment Research upgraded shares of Trimble from a hold rating to a buy rating and set a $46.00 price objective for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $44.33.
Shares of Trimble stock opened at $43.06 on Tuesday. Trimble has a twelve month low of $29.75 and a twelve month high of $44.55. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.23 and a beta of 2.03.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The business had revenue of $804.50 million during the quarter, compared to analysts’ expectations of $808.58 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that Trimble will post 1.84 EPS for the current fiscal year.
In other news, CFO Robert G. Painter sold 1,717 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $39.35, for a total value of $67,563.95. Following the completion of the transaction, the chief financial officer now directly owns 34,960 shares in the company, valued at approximately $1,375,676. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark S. Peek sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $40.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director now owns 48,074 shares of the company’s stock, valued at $1,922,960. The disclosure for this sale can be found here. Insiders sold a total of 156,884 shares of company stock valued at $6,541,953 over the last 90 days. Corporate insiders own 0.39% of the company’s stock.
Several large investors have recently modified their holdings of TRMB. Oregon Public Employees Retirement Fund raised its position in shares of Trimble by 3,229.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,272,537 shares of the scientific and technical instruments company’s stock valued at $99,000 after buying an additional 3,174,232 shares in the last quarter. Norges Bank acquired a new position in Trimble during the 4th quarter worth approximately $74,528,000. Wellington Management Group LLP acquired a new position in Trimble during the 1st quarter worth approximately $41,609,000. FMR LLC increased its position in Trimble by 17.2% during the 1st quarter. FMR LLC now owns 6,713,240 shares of the scientific and technical instruments company’s stock worth $271,214,000 after purchasing an additional 984,623 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in Trimble by 57.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,684,151 shares of the scientific and technical instruments company’s stock worth $108,440,000 after purchasing an additional 981,492 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
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 operates in 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; applications for sub-contractors and trades; and integrated workplace management services software.
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